Solaxy’s $39M Presale Fuels a Layer-2 Revolution for Solana
A new cryptocurrency called Solaxy is making waves with its Layer-2 scaling solution for Solana. The project has already raised over $39 million in its presale phase. Its goal is to boost transaction speed, cut costs, and expand functionality on the Solana network.
The Solaxy token (SOLX) operates as an ERC-20 token but will later bridge to the Solana blockchain. With a total supply of 138 billion tokens, the project positions itself as a key player in the next phase of blockchain adoption.
Solaxy’s development follows a structured roadmap divided into four phases. The first covers the launch and presale, which has already surpassed $39 million in funding. The second phase includes the token generation event and exchange listings.
After deployment, the final stage focuses on growing the ecosystem. The project promises a 159% annual yield for users who stake their SOLX tokens. This high return aims to attract investors and increase participation.
The team behind Solaxy remains anonymous, a common practice in early-stage crypto projects. No specific names or companies have been publicly linked to its creation. Despite this, the project continues to gain traction, with many seeing it as a potential game-changer for Solana’s scalability.
A successful Layer-2 solution could significantly increase trading activity and demand for Solana-based transactions. By addressing speed and cost issues, Solaxy hopes to make the network more accessible for developers and users alike.
Solaxy’s presale success and ambitious roadmap highlight its potential impact on Solana’s ecosystem. The project’s focus on scalability, high staking rewards, and anonymous development team reflects broader trends in the crypto space. If executed as planned, it could reshape how transactions are processed on the Solana blockchain.
