Solaxy ($SOLX) has successfully crossed the revered $20 million raised mark in its token presale as it rolls out development for the world’s first Solana layer 2 blockchain.

The project aims to change the way users interact with Solana by providing an alternative transaction layer that offers lower fees, increased speeds, and greater reliability than the Solana main chain.

$SOLX will be at the core of the operation, used to settle gas fees, facilitate trading of tokens in liquidity pools, and for staking. This integral utility is exactly why the presale is stirring up so much demand.

You can purchase the token at its current presale price of $0.001632, but investors must be aware that the price will increase throughout the Solaxy ICO. For those seeking maximum value for money, it would be wise to act quickly.

Solana is highly scalable and capable of validating up to 6,500 transactions per second. However, this is still not enough capacity for times of peak activity – such as when prices surge unexpectedly or when new tokens like Donald Trump’s OFFICIAL TRUMP launch.

Transaction wait times lengthen in congested periods, and some transactions even fail. Solaxy is solving this with its layer 2 blockchain.

Leveraging off-chain computation and transaction bundling technology, Solaxy will handle some of Solana’s workload and even offer a high rate of transactions per second, removing the ecosystem’s congestion issue for good.

It’s the first time this has ever been done, so the team is working on a truly breakthrough technology. It’s not an easy task, but they’re making significant progress. 

Most recently, the Solaxy devs updated the community that they have successfully implemented the Solana Virtual Machine (SVM) into the roll-up solution, which establishes alignment between the state of both blockchains.

This innovative approach to scaling Solana has earned Solaxy a solid reputation among top crypto analysts. In a recent video, Umar Khan from 99Bitcoins speculated that the token could 100x after the presale concludes.

Solana has more users than any other blockchain in the last 24 hours, with 5.4 million counted using blockchain data app Token Terminal.

Meanwhile, DeFiLlama data shows that Solana is by far the most active blockchain by trading volume, with $267 billion of cryptocurrencies changing hands on the network in the last 31 days. Second is BSC, with $98 billion in volume.

With the help of Solaxy, Solana will be capable of even more adoption, which will lead to new use cases and increased liquidity inflows.

Solana has dominated the blockchain space for over a year, but Solaxy aims to future-proof this lead and ensure it remains ahead of competitor blockchains such as BSC, Tron, and Ethereum.

One of the unique advantages of $SOLX is its availability to buy on both the Solana and Ethereum blockchains.

Outside of SOL, the top three Solana-based tokens by market cap are OFFICIAL TRUMP ($3 billion), Render ($2.2 billion), and Jupiter ($2.1 billion).

In comparison, the largest three Ethereum-based tokens are BNB ($94 billion), Chainlink ($11.8 billion), and Shiba Inu ($9.3 billion).

Although Solana sees more on-chain activity than Ethereum, Ethereum has a far deeper liquidity pool.

That’s why Solaxy is strategically positioned at the intersection of both chains. While alleviating the congestion issue on crypto’s hottest blockchain, Solaxy is also positioned to attract capital from the richest on-chain traders (Ethereum users). 

It’s a setup that could result in substantial growth, realizing Umar Khan’s 100x price prediction.

Solaxy presale investors can get a headstart on everyone else by staking their tokens and taking advantage of the discounted ICO price.

Staking is live now and currently offers a 204% APY, although this will decrease as the staking pool grows

Investors who buy $SOLX within the next 21 hours (from press time) can also capitalize on the discounted presale rate of $0.001632. However, the price will increase once the timer reaches zero.

Stay updated on the latest Solaxy news and developments by following its X account or joining its Telegram channel.

Visit Solaxy Presale

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