The week is getting off to an exciting start

Bitcoin is nearing $110,000, and Solana is approaching $180 again. Things are looking up after a brief weekend pullback.

The week is off to an exciting start with Bitcoin nearing $110,000 and Solana approaching $180 again after a brief weekend pullback.

As top cryptos push forth, smart traders have identified a new project with serious potential. It’s called Solaxy ($SOLX) and it’s building the world’s first Solana layer 2 Blockchain.

This will aim to resolve the network’s congestion issue, which causes instability during periods of peak activity.

With the bull market now underway, Solana’s user base is expanding and there are increasing concerns about the congestion issue. This suggests that Solaxy is launching at the perfect time.

And it seems that investors agree. Solaxy’s presale has already raised an staggering $40 million.

The Solaxy presale price is currently $0.001736 but the campaign is set to end in just 21 days. This means it’s the last chance for investors to buy $SOLX at its current fixed price.

Top traders are saying that Solaxy’s presale success could lead to huge gains once it lists on the open market.Having just crossed the $40 million in presale funds raised milestone, the spotlight is shining on $SOLX right now as it's also the largest Solana presale to ever take place, which signals the sheer scale of the project.

With the confirmed presale end date fast approaching, it's no surprise that interest in $SOLX is reaching fever pitch as this could be the last chance for investors to buy $SOLX at a low price. The price will shift from fixed to a product of supply and demand once $SOLX lists on exchanges.

It's at this point that we could begin to see the real price action on display and given its presale momentum and robust use case, analysts believe that $SOLX could provide traders with the potential for significant gains.

For instance, Umar Khan from 99Bitcoins says the project has 100x potential lists once it exchanges.

Other analysts have a similarly bullish outlook. For instance, Crypto Nitro also suggests that $SOLX could do a 100x after the presale ends.

Solana cannot handle all transaction requests in periods of peak network activity. This creates longer wait times and increased rates of transaction failures, which can cost traders a lot of money.

For Solana to continue attracting new users and unlocking new use cases, it’s crucial that this congestion issue gets resolved. And that is what Solaxy intends to do.

It will handle some of Solana’s workload and use transaction bundling and off-chain computation technology to speed things up. While Solana can process 6500 transactions per second (TPS), Solaxy aims for 10,000 TPS.

If it achieves its goal, Solaxy will be cheaper, faster, and more reliable than Solana. This will unlock new possibilities such as bigger applications, increased user activity, and more liquidity.

The team has already successfully launched the Solaxy test network and processed 1 million transactions. It has also received a smart contract audit from Coinsult, which found no issues with its code.

With the successful test network launch and third-party smart contract audits in place, it’s clear that the Solaxy team knows what they’re doing.

And they’re not letting up. At the same time as they develop the blockchain, the team has also unveiled Igniter Protocol, a token launchpad that will allow anyone to easily create their own cryptocurrencies.

It’ll be a similar setup to Solana’s Pump.fun, except it’ll be even cheaper and faster.

With Igniter Protocol, users can turn ideas into assets with just a few clicks, which is the bedrock for a vibrant and active ecosystem.

Pump.fun has generated over $700 million in revenue since launching last year, so Igniter Protocol has the potential to also amass substantial profits, – and that could finance even more ecosystem growth.

The Solaxy exchange launch is approaching, and it’s expected to be explosive.

With over $40 million raised and support from top industry analysts, everyone is watching $SOLX right now.

Those yet to buy still have a chance to join the $SOLX presale and participate in what could be the biggest Solana launch event of the year. But with 21 days left, they must act quickly.