The Solaxy Layer-2 token, $SOLX, has already raised $7M on presale, its popularity fueled by its plan to build the foundation of a blockchain that addresses Solana’s pain points. 

Considering the Solaxy’s Layer-2 token’s value increases each time it hits a new milestone, now is an opportune time to get involved. $SOLX is currently available for its lowest available entry point – $0.001584 – so you’ll want to get in before the price spikes to $0.001586 in January. 

If you take advantage now, you can also secure 533% per annum staking rewards. With incentives like this, it’s no surprise that 2,159,104,834 $SOLX has been staked since the presale went live just two weeks ago. 

Solaxy Combines Solana-Ethereum Strengths

The early success of Solaxy’s Layer-2 token indicates investor optimism in the project’s performance and future trajectory. The fact that 30% of the total token amount (138,046B) will go toward the network’s development is also generating confidence. 

Solaxy is a multi-chain token, enabling it to transfer assets seamlessly between blockchains to harness both Ethereum and Solana’s strengths.

Ethereum delivers unmatched security and liquidity, while Solana is a go-to for high-frequency trading and dApps. 

Merging the two blockchains boosts the user experience and enables the creation of multi-chain applications, which were previously out of reach. 

Solaxy Layer-2 Token Solves Solana’s Downfalls

Solana is now the world’s third-largest blockchain network, with an impressive $6.28B total value locked (TVL).

Although Solana is a super-fast network – handling 71K transactions per second – even Solaxy’s developers admit to some key downfalls: congestion, spam, failed transactions, delays, and scalability issues. A hefty 70% of non-vote transactions fail when network demand is high.

This is where Solaxy comes in, introducing a Layer-

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Author: Leah Waters