Very few of the top gainers from the last bull run have managed to sustain their growth, with Solana being a leading choice. While several projects have been launched on Solana, Solaxy’s presale introduces itself to the community as a better way of using the Solana blockchain.
With a Layer 2 solution and a storyline that commands attention, Solaxy has been trending as a leading presale project lately.
Why Is Solaxy Great For Solana Users?
Solana very recently overtook Ethereum as the chain with the most new developers, indicating a major shift in demand and growth for the blockchain.
However, with such a high rate of engagement comes its own set of issues, which Solana has been actively working towards in recent months as well. However, given the current bull market, an easy way of making Solana transactions seamless is in demand, and Solaxy caters to this need exactly, in a cheap and creative way.
The project is developing a new Layer 2 blockchain for Solana, which boasts super-fast speed, excellent scalability, and purpose-built customizations so that developers have more and easier access to creating freely within the blockchain.
One may think of the project as a way of unlocking the full potential of Solana, the developers have claimed. SOLX, the native token of the project, is set to be the central asset governing the entire ecosystem, packed with its own set of features and potential utility integrations.
Solaxy has very recently crossed the $350k milestone in terms of raised presale funds and is priced at just around $0.001556 per token right now. Given its discounted price and the presale phase acting as a haven for early investors to park funds for higher returns in the future, the token has risen to become a trending option among the wider meme coin community already.
What Problems Will Solaxy Solve?
As mentioned, Solana’s demand has skyrocketed, which means that developers as well as end-users utilize the blockchain for transactions and for building. However, the high usage has resulted in a variety of problems, which include network congestion, scalability limitations, and multiple failed transactions.
All of this hampers the growth of the blockchain, as potential users may wish to migrate to other newer, less congested blockchain network options if this persists.
With its Layer 2 solution, Solaxy will be able to neutralize these issues easily. It boasts off-chain processing, where the project will offload Solana’s transaction burden from its Layer 1 to Solaxy’s Layer 2, ensuring smoother operation. Transactions will also be bundled, which will keep costs low and throughput high.
This will act as a shield against scalability issues as well. Solaxy will also be able to utilize Solana’s strong security elements by finalizing bundled transactions on the mainnet, thanks to its strategic L2 solution.
With Solaxy’s L2, developers promise to outperform traditional Solana transactions, even during peak times. There will be zero downtime, as the Solaxy off-chain will essentially eliminate any downtime and provide uninterrupted service even during surges.
Creating DApps can sometimes be difficult for those with lower budgets or less knowledge. However, with Solaxy, this will become easier too, with the customization options that one will be able to enjoy with Solaxy’s modular infrastructure.
Can Solaxy Be a 100x Token?
Judging the growth of any mem ecoin can be difficult, but it is possible nonetheless, as long as they aim to solve an existing issue or boast some valuable offerings to users. Solaxy does both with its Layer 2 solution. However, that’s not all that makes it a high-potential crypto.
The project has managed to come up with a formula where meme coin hype and utility align perfectly. The design features a futuristic but relatable enjoyable space-themed concept, in sync with the utility of future-proofing the Solana blockchain.
There are several other elements too that the developers have in plan to ensure that the growth of Solaxy is continuous. The ambitious roadmap outlines much of this, including a string of potential exchange listings that could drive prices once the token launches officially. Investors will also be able to enjoy massive staking rewards, given the novelty of the initiative at the moment.
While it may be too soon to claim that Solaxy may be a 100x crypto, it would make complete sense to speculate high growth for the token regardless. The community already believes SOLX to be a token with massive potential, evident from their strong engagement and steady surge in presale funding.
For those who are skeptical and wish to learn more about Solaxy, the best place to learn about the project and SOLX would be its social media channels on Twitter and Telegram.
