Solaxy’s Layer 2 Solution Aims to Revolutionize Solana Network Performance
As Bitcoin surges past $80,000 rekindling bullish sentiment across crypto markets, innovative layer-2 solution Solaxy (SOLX) is capturing investor attention with its presale approaching $26 million in funding. The project aims to address Solana’s notorious network congestion issues that have plagued the $62 billion blockchain.
Critical Network Solution for Growing Ecosystem
Despite Solana’s impressive theoretical throughput of 6,500 transactions per second, the network has faced significant performance degradation during peak demand. This was particularly evident during January’s Trump-themed token launch, when Phantom wallet reported receiving 8 million requests per minute, leading to failed transactions and financial losses for traders.
Solaxy’s layer-2 solution offers:
- Reliable performance during high network load
- Reduced transaction fees
- Enhanced processing speed
- Seamless integration with existing Solana wallets
Investment Metrics and Market Potential
The SOLX token presale has demonstrated strong market confidence, with over 4.7 billion tokens staked. Currently priced at $0.001662, early investors can access an attractive 158% APY through staking, though this rate will adjust as more tokens enter the staking pool.
Expert Price Predictions
Several crypto analysts have shared bullish predictions for SOLX:
- Jacob Bury: Projects 10x growth in the near term
- Miles G: Forecasts 100x potential with increased adoption
- Cryptonews Analysts: Suggest early investor returns could reach 1,000x
Technical Security and Market Timing
Coinsult’s comprehensive audit of the SOLX smart contract has confirmed its security, providing assurance for potential investors. With Bitcoin’s recent 3.2% recovery above $80,000, the broader crypto market appears poised for continued upward momentum.
Source: Bitcoinist