Solana layer-2 blockchain Solaxy ($SOLX) has successfully raised $38 million during its presale, marking the largest presale in Solana's history. The fundraising effort is set to close in 27 days, although recent surges in investment activity suggest the supply could sell out early. Solaxy aims to resolve Solana's congestion challenges by increasing the network's capacity by an additional 10,000 transactions per second (TPS), which is expected to improve transaction speed and reduce failures, especially during periods of high market activity.
The presale price is fixed at $0.00173, presenting a significant discount compared to anticipated exchange listing prices. Historically, projects like Ethereum layer-2 blockchain Pepe Unchained saw remarkable growth post-presale, with investors realizing 10x gains shortly after launch. Experts predict that Solaxy could generate even more substantial returns due to its unique position as the sole Solana layer-2 solution.
Furthermore, Solaxy has launched a test network that processed over one million transactions, and introduced the innovative 'Igniter Protocol' token launchpad. This built-in feature enables holders of $SOLX tokens to create new tokens easily, enhancing user engagement and ecosystem growth. The success of similar token launch platforms suggests strong revenue and community development potential.
Supporting Solaxy's momentum, crypto whales have invested over $1 million in the token within two weeks, signaling heightened market confidence. Investors can also stake SOLX tokens with reported yields of 113% annual percentage yield (APY), further incentivizing participation ahead of the presale closing.
Investors are encouraged to act promptly to secure $SOLX tokens before the presale ends or sells out early. Updates are available through Solaxy’s official social channels and website.