The post Best New Crypto to Buy? Solaxy Presale Hits $7 Million Milestone for First Solana Layer 2 appeared first on Coinpedia Fintech News
Solaxy ($SOLX), the first Layer 2 solution on Solana, has achieved a remarkable milestone by raising $7 million during its presale in just over two weeks.
The speed at which Solaxy has raised funds underscores its strong market appeal. It also highlights the growing enthusiasm for innovative blockchain solutions that address real-world challenges.
One of the Fastest Growing Crypto Presales
Within just three days of launching its presale, the Solaxy project raised $1 million.
Four days later, it crossed the $4 million mark – and now stands at an impressive $7 million in funds raised.
This rapid success reflects the community’s belief in Solaxy’s potential to revolutionize blockchain technology.
The Solaxy presale currently offers SOLX tokens at $0.001584 per token, with prices set to increase gradually every few days until the presale concludes in early 2025.
Early investors are also incentivized to hold their tokens for the long term, with staking opportunities offering up to a staggering 556% annual percentage yield (APY).
Over 2 billion SOLX tokens have already been staked by early adopters, further demonstrating confidence in the project.
Solaxy Addresses Solana’s Biggest Pain Points
Solaxy is not just your standard new crypto project. It’s created a powerful new approach to solving Solana’s most pressing issues – network congestion, scalability limitations, and failed transactions – in order to provide genuine utility.
As Solana continues to attract users with its high transaction speeds, low fees, and versatile developer tools, the network has struggled to handle the massive influx of new traffic. This has become particularly apparent since the explosion of Solana meme coin activity in 2024.
By offloading transaction processing to its own infrastructure (while maintaining compatibility with Solana’s ecosystem), Solaxy ensures seamless operations even during peak network activity.
https://twitter.com/SOLAXYTOKEN/status/1867318005660889427
Compatible With Two Blockchain Giants
Moreover, the SOLX token is compatible not only with Solana, but also with Ethereum. This enables Solaxy to combine the best features of both networks.
By leveraging Ethereum’s liquidity and security alongside Solana’s speed, low fees, and scalability, Solaxy creates a robust ecosystem designed to accommodate the growing demands of traffic-heavy blockchain sectors – including decentralized finance (DeFi), GameFi, and meme coin trading.
By combining these strengths, Solaxy positions itself as a versatile platform capable of addressing the needs of blockchain project builders, retail investors, and institutional players alike.
Solaxy’s Strong Community Support
The success of the SOLX presale is a testament to the project’s passionate community of investors, future developers, and users.
The popular YouTuber Stock Investor (who has over 51,000 followers) recently posted a video on how to buy the SOLX token:
With over 40,000 followers on social media, and stellar endorsements from influential crypto figureheads like Stock Investor and ClayBro, Solaxy has captured the attention of crypto enthusiasts worldwide.
The funds raised during the presale will be allocated toward early investor rewards, product development, the Solaxy treasury, exchange listings, and marketing efforts to expand the project’s reach.
The combination of utility-driven innovation and community engagement sets Solaxy apart from many other projects in the crypto space.
Why Invest in SOLX Now?
Solaxy’s presale offers a unique opportunity for investors to acquire SOLX tokens at their lowest price point, before subsequent price increases take effect.
With its innovative Layer 2 solution addressing critical issues on one of the world’s fastest-growing blockchain networks, Solaxy presents a compelling case for long-term growth.
To learn more about Solaxy, join the presale, check out the project’s whitepaper and more, head to the official website using the link below: