Solaxy (SOLX) Presale Hits $5.4 Million Milestone: A Record-Breaking Presale

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Gary McFarlane

Acting editor-in-chief

Gary McFarlane

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Gary McFarlane is the editor-in-chief at Cryptonews.com

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December 26, 2024 12:03 EST

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Solaxy (SOLX), the first Layer-2 solution on Solana focusing on meme coins, has achieved a remarkable milestone by raising $5.4 million during its presale.

This comes just twelve days after the project launched its presale on December 14, 2024.

The speed at which Solaxy has raised funds underscores its strong market appeal. It also highlights the growing enthusiasm for innovative blockchain solutions that address real-world challenges.

Don’t Sit On It! SOLX Presale Will Conclude In 2025

Within just three days of launching its presale, the project raised $1 million.

Four days later, it crossed the $4 million mark, and now it stands at an impressive $5 million in funds raised.

This rapid success reflects the community’s belief in Solaxy’s potential to revolutionize blockchain technology.

The presale offers SOLX tokens at a current price of $0.00158 per token, with prices set to increase gradually every few days until early 2025 when the presale concludes.

Early investors are also incentivized with staking opportunities offering a staggering 708% annual percentage yield (APY).

Over 1.6 billion SOLX tokens have already been staked by early adopters, further demonstrating confidence in the project.

So, What Makes Solaxy Special? It Solves Network Congestion!

Solaxy is not just another cryptocurrency project; it represents a groundbreaking approach to solving one of Solana’s most pressing issues—network congestion.

Solaxy addresses network congestion challenges head-on with its Layer-2 technology. Unlike traditional Layer-2 solutions that may divert resources from the base layer, Solaxy enhances Solana’s capabilities without compromising its integrity.

By offloading transaction processing to its own infrastructure while maintaining compatibility with Solana’s ecosystem, Solaxy ensures seamless operations even during peak network activity.

As Solana continues to attract users with its high-speed, low-cost transactions and versatile developer tools, the network struggled to handle the massive influx of traffic, particularly from the meme coin sector.

Bridging Two Blockchain Giants

Moreover, Solaxy bridges Solana with Ethereum, combining the best features of both networks.

By leveraging Ethereum’s liquidity and security alongside Solana’s speed and scalability, Solaxy creates a robust ecosystem tailored to accommodate the growing demands of decentralized finance (DeFi) and meme coin trading.

This integration allows users to benefit from Ethereum’s vast liquidity and advanced developer tools while enjoying Solana’s unparalleled transaction speeds and low fees.

By combining these strengths, Solaxy positions itself as a versatile platform capable of addressing the needs of both retail investors and institutional players.

Project’s Strong Community Backing

The success of the SOLX presale is a testament to the project’s strong community backing.

In fact, YouTuber StockInvestor with over 50k followers made a video on how to buy SOLX:

With nearly 20,000 followers on social media platforms and endorsements from influential figures like ClayBro, Solaxy has captured the attention of crypto enthusiasts worldwide.

The funds raised during the presale will be allocated toward product development and marketing efforts to expand the project’s reach.

While it remains to be seen whether SOLX can replicate the success of top-performing meme coins like BONK or PENGU, early indicators suggest significant potential.

The combination of utility-driven innovation and community engagement sets Solaxy apart from many other projects in the crypto space.

Why Invest In SOLX Now?

The current presale phase offers a unique opportunity for investors to acquire SOLX tokens at their lowest price point before subsequent price increases take effect.

With its innovative Layer-2 solution addressing critical issues on one of the fastest-growing blockchain networks, Solaxy presents a compelling case for long-term growth.

For the latest updates on the project, connect with the SOLX community on X and Telegram.