The crypto market is witnessing unprecedented interest in Solaxy ($SOLX), Solana’s pioneering Layer 2 solution, as its presale enters its final 27 days with nearly $40M raised and ambitious plans to reach $74M. This development comes at a crucial time when Solana’s price momentum shows strong bullish signals targeting $200.
Solaxy’s Revolutionary Impact on Solana’s Ecosystem
As Solana’s first Layer 2 solution, Solaxy addresses critical scalability challenges that have emerged with the network’s growing popularity. The platform’s innovative roll-up technology processes transactions off-chain before bundling them for on-chain validation, significantly reducing network congestion and transaction costs.
Whale Activity Signals Strong Institutional Interest
Recent blockchain data reveals significant whale accumulation, with multiple six-figure purchases including:
- $400K purchase on May 14
- $200K acquisition on May 9
- $242K investment on March 2
Tokenomics and Development Progress
Solaxy’s tokenomics demonstrate a strong focus on sustainable growth:
- 30% allocated for technological development
- 25% for staking rewards (current APY: 106%)
- 20% reserved for long-term stability
Investment Potential and Future Outlook
With tokens priced at $0.00173 during presale, analysts project significant growth potential, particularly as Solana’s meme coin ecosystem continues to expand. The recent launch of the Solana Testnet bridge marks a crucial milestone toward full blockchain interoperability.
FAQ Section
What makes Solaxy different from other Layer 2 solutions?
Solaxy is Solana’s first Layer 2 solution, specifically designed to address network congestion while maintaining the blockchain’s high-speed capabilities.
How can investors participate in the Solaxy presale?
Investors can participate through the official Solaxy website by connecting their crypto wallet and purchasing tokens at the current presale price of $0.00173.
What are the staking rewards for early investors?
Current staking APY stands at 106%, though this rate is expected to decrease as more participants join the presale.