Janover Inc., a fintech firm that made a name for itself by connecting real estate borrowers with lenders, has successfully raised $42M through convertible bonds to fund its Solana treasury strategy.
Plus, such news casts a light on the Solaxy ($SOLX) presale, the backbone of a Solana Layer-2 network currently in development.
Janover’s Solana Treasury Strategy Might Trigger Network Strains
Unlike MicroStrategy, which focuses on $BTC as a standalone asset, Janover chose $SOL as a treasury asset due to the Solana network’s fast and scalable infrastructure.
Ultimately, its confidence in the Layer-1 (L1) blockchain could inspire more investors to purchase $SOL and encourage developers to innovate within the Solana ecosystem.
But like with all good things, there’s a catch: increased demand could put significant strain on the Solana L1 chain. This could cause several issues, such as:
- Lagging transaction times
- Rocketing transaction fees
- Ongoing network congestion
- More failed transactions
In fact, Solana has already faced such problems even without the heightened demand. Its overwhelming traffic is no stranger to causing network downtime, particularly during the launch of top trending cryptos.
This has partly prevented the blockchain from rivaling Ethereum, which dominates the market with a $44.723B TVL (Total Value Locked) compared to Solana’s $6.20B.
In January, Donald Trump exposed Solana’s cracks when he launched his own Solana-based meme coin, Official Trump ($TRUMP). Within just 24 hours of going live, $TRUMP generated $21.9B in trading volume, which quickly caused failed transactions.
Thankfully, this is where the Solaxy comes in. It addresses Solana’s woes as part of its ploy to uplift the network’s DeFi stance.
Solana Bottlenecks? Fear Not – Solaxy’s to the Rescue
Solaxy plans to launch its very own Solana L2 network to make Solana’s transactions speedier and more cost-friendly. It aims to achieve this by transferring the computation workload to its sidechain.
Solaxy’s approach should minimize network congestion and mitigate failed transactions. In turn, this could significantly benefit developers building on the Solana blockchain.
But to leverage Solaxy’s benefits, you’ll first have to buy $SOLX, one of the best meme coins on presale right now. Considering its utility, it’s not surprising that it has already snagged over $29.5M.
It also doesn’t come as a surprise that whale buyers are flocking to purchase $SOLX. For example, two major buyers injected $15,255.19 and $14,498.53 into the presale just two days ago.
As an early adopter, you can stake $SOLX at a 138% APY, which not only opens passive income opportunities but also helps stabilize the ecosystem.
Buy $SOLX Before Its Price Possibly Jumps 1000x
Janover’s bold ambition to integrate a Solana treasury strategy signals a new era of crypto-forward public firms.
But Solana’s network challenges cannot be ignored – this is precisely where the Solaxy presale comes into the picture. Once it deploys its own Solana L2, it should relieve the network’s problematic congestion, unlock smoother transactions, and increase overall throughput.
To reap the perks, you can buy $SOLX on presale for just $0.001688. Following exchange listings, we predict $SOLX to reach $0.032 by this year’s end.
To save on transaction costs, you can buy $BEST and download Best Wallet, one of the best crypto wallets that supports $SOLX among other promising presale coins.
Still, this isn’t financial advice. Do your own homework and only invest within your comfort risk zone. Crypto prices can go south as fast as they can north.
