Solaxy (SOLX) Raises Over $32M in Presale, Aiming to Build a Powerful Layer-2 Solution for Solana

In today’s crypto world, many new Layer-2 projects just copy Ethereum’s (ETH) setup, lower the gas fees a bit, and change the branding. But Solana (SOL) never had those problems to begin with.

Solana already handles thousands of transactions every second. Its main challenge isn’t speed or cost, but keeping up with rising demand as more users join the network.

That’s where Solaxy (SOLX) comes in. It’s aiming to build a powerful Layer-2 solution for Solana, and that goal seems to be catching investors’ attention.

After raising over $3 million in April alone, Solaxy’s presale has now passed the $32.4 million mark. It’s become one of the top-performing presales recently, especially in the past few months.

Could this help the token surge after its exchange launch? Here’s what gives Solaxy an edge — and why this might be the best crypto presale to buy now.

How Solaxy Plans to Strengthen Solana

Going forward, Solaxy will be handling extra transactions on its own chain, helping the main Solana network stay fast even during busy periods.

Investors see this as a crucial step that could help Solana manage future growth and possibly drive SOL and SOLX to new all-time highs.

Ethereum’s Layer 2s, like Arbitrum, have already shown that L2 solutions can boost performance. But while Arbitrum is mainly used to fix Ethereum’s speed and fee issues, Solaxy works on enhancing the strengths Solana already has.

Solana’s network is already known for handling lots of traffic well, and Solaxy adds even more capacity to take on bigger demand.

The latest testnet updates from Solaxy show major progress. The platform now reaches 140 KB/s of data availability on Solana’s mainnet, which could improve how users experience the network during high activity.

Developers are also using a new Command Line Interface (CLI) to make building and running apps on Solaxy easier. More upgrades are coming soon, including a target of reaching 10,000 transactions per second.

In addition, the team added CORS (Cross-Origin Resource Sharing) to its software kit, which helps decentralized apps connect securely with Solaxy’s rollup.

All these updates suggest Solaxy is on track for its mainnet launch, and many believe SOLX could see a big price jump once it hits exchanges this year.

Solaxy Presale Hits $32.4M – Next Pepe Unchained?

Solaxy’s presale has now raised over $32.4 million, placing $SOLX among the hottest crypto tokens in 2024. The current price is $0.0171, but this rate will last for 1 day and 2 hours. Afterward, the price will increase as the presale moves to the next stage.

To buy $SOLX at a lower price, users can use SOL, ETH, USDT, or fiat on the official presale website. Another option is Best Wallet app, which also accepts BNB for $SOLX purchases.

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Best Wallet previously supported Pepe Unchained (PEPU), a Layer 2 project on Ethereum that surged over 700% just two days after its first DEX listing. Many believe Solaxy could perform even better, especially with Solana’s rising presence.

Those joining the presale can also earn more by staking their tokens. So far, investors have already locked up over 9.2 billion $SOLX for staking, showcasing strong belief in the project’s future.

At present, Solaxy offers a 124% staking APY, giving early investors the chance to over 2x their holdings over time — making this a smart moment to buy and stake $SOLX.

Ongoing testnet updates from the team continue to boost investor interest and drive more funds into the presale. On top of that, Coinsult completed a full audit of the project and confirmed that the code is secure.