Solaxy ($SOLX), the first Layer-2 built on the Solana blockchain, has generated significant excitement in the crypto community by raising over $34.7 million in its presale, with recent daily fundraising reaching $900K. Launching in December 2024 and currently priced around $0.001724, $SOLX is attracting strong investor confidence amid a bullish market sentiment and growing anticipation for an altcoin rally.
Technology and Utility: Solaxy aims to enhance Solana's scalability by offloading transactions off-chain and bundling them for efficient settlement on Solana's mainnet. This approach is designed to reduce congestion, lower fees, and increase transaction speeds, enabling better performance and scalability. The $SOLX token serves multiple functions such as paying transaction fees, staking (offering an attractive 113-116% APY), and participating in governance.
Interoperability and Roadmap: Solaxy plans to introduce native cross-chain interoperability with major blockchains including Ethereum and Base via its Testnet bridge. The project roadmap includes four phases: presale, Token Generation Event (TGE) and exchange listings, Layer-2 deployment, and ecosystem growth with partnerships and DeFi expansion.
Tokenomics: The total supply is 138.046 billion $SOLX, with 30% allocated for development, 25% for rewards, 20% to the treasury, 15% marketing, and 10% for exchange listings. The project has conducted security audits and provides a transparent development process.
Price Outlook: Price predictions suggest $SOLX could reach around $0.031 by the end of 2025 and possibly $0.20 by 2030, contingent on adoption and technology success. The presale phase offers early investors an opportunity to purchase at a low price and participate in staking rewards, enhancing long-term holding incentives.
Investment Considerations: Solaxy’s technology addresses critical blockchain bottlenecks, and its strong community, active team, and staking incentives contribute to its appeal. However, as with all crypto investments, market volatility, regulatory environment, and the project’s ability to deliver on promises will influence outcomes.