Solana is trading around $160, holding firm as investors brace for what many believe could be the next leg toward its former all-time highs near $260 and beyond.
After a brief pause, investor interest in meme coins on the Solana network has returned, triggering fresh spikes in on-chain activity.
With capital rotating into fast-moving tokens like Dogwifhat and Bonk, as well as new meme coin launches, congestion on Solana could once again be under the spotlight. This has been a known issue for Solana during previous meme coin launches and surges.
Solaxy (SOLX), a new project that raised close to $44 million in presale, aims to address these issues through its own Layer-2 blockchain scaling solution.
With less than 12 days remaining to get SOLX tokens at presale prices, Solaxy is preparing for a full-scale launch that includes a live testnet and a native decentralized exchange (DEX).
Layer-2 Scaling Solution Built for Traders and Builders
Solaxy is the first-ever Layer-2 blockchain built for the Solana ecosystem. It operates using high-speed rollups that bundle multiple transactions off-chain and send them back for final settlement on the Solana mainnet. The end goal of this system is to alleviate Solana’s blockchain, ultimately removing network congestion completely.
This makes an ideal environment for meme coin traders, bot users, and other high-frequency actors who require reliable speed and uninterrupted performance on-chain.
On June 2, the team published another dev update, announcing the launch of the Solaxy testnet. This is the first time users can directly engage with Solana’s new Layer-2.
Users can now connect through Backpack Wallet using the official RPC endpoint at http://devnet.rpc.solaxy.io/.
From there, native SOL from Solana’s devnet can be bridged into the Solaxy rollup, allowing users to transfer assets, deploy smart contracts, and interact with the Solaxy Explorer.
Two major releases are also on the way: Igniter Protocol, the native launchpad for tokens, and the Solaxy DEX, a trading platform that will provide instant liquidity to newly launched tokens after they complete their bonding curve. These will operate in tandem, creating a seamless route from token generation to live trading within the Solaxy ecosystem.
For developers and traders, the Testnet provides a hands-on opportunity to build, test, and optimize apps or bots in a live setting. For the broader crypto audience, this shows that Solaxy is already operational and preparing hard for its full debut.
SOLX Connects Ethereum’s Liquidity With Solana’s Speed
Solaxy’s native token, SOLX, is a multi-chain token that connects Ethereum and Solana – two of the most active crypto communities. This opens the way for the massive liquidity on Ethereum to bridge to Solana and utilize its advantages, such as low transaction fees and fast transactions.
For all it offers, Solaxy has caught the attention of Cryptonews, a popular cryptocurrency YouTube channel, where they believe SOLX could be the next 100x Solana token.
How to Invest in Solaxy Before the Presale Ends
While Solana has become a household name in the crypto world, it has a lower potential for 10x price growth than Solaxy due to its higher market capitalization. With a $90 billion market cap, a 10x move would put Solana at $900 billion, which is unlikely for now.
For comparison, Solaxy has a fully diluted market cap of $240 million. With a 10x move, that would be $2.4 billion, which is half the value of the PEPE meme coin. This makes it even more realistic, with even higher potential.
Moreover, Solana’s rise can only help Solaxy move higher, as they are connected. In addition, Solaxy offers higher staking returns with a dynamic yield of 92%, while the highest SOL staking is around 10%, making SOLX more appealing
With the presale ending in under 12 days and over $43 million already raised, the project is poised for an explosive launch.
Interested participants can purchase SOLX using SOL, as well as ETH, BNB, USDT, or a bank card via the official Solaxy website.
Follow Solaxy on X and join their Telegram group for the latest updates.
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