Whale Investors Target Blockbuster $7.8M New Presale Solaxy, An Ethereum-Compatible Solana Layer 2

Solana’s
first
meme
coin-centric
Layer
2
solution,

Solaxy
($SOLX),
has
surged
past
$7.8
million
in
funds
raised
in
its
presale
in
less
than
three
weeks. 

It
was
helped
along
by
a

whale
purchase
of
$158k
in
the
early
hours
of
New
Year’s
Eve,
UTC,
a
sign
that
high
rollers
are
beginning
to
throw
money
behind
this
innovative
new
project
thanks
to
its
viral
appeal
and
high-utility.

The
Solaxy
presale
currently
offers
investors
the
protocol’s
native
$SOLX
at
a
fixed
low
price
of
$0.001588
per
token.
However,
this
is
due
to
increase
incrementally
to
$0.00159
in
a
day,
so
prospective
buyers
had
better
hurry
if
they
want
to
maximize
returns
on
this
project. 

Solaxy
has
plans
to
list
on
major
exchanges,
which
could
forever
put
$SOLX’s
price
well
beyond
what
its
earliest
investors
are
now
paying
for
it.

Alongside
the
fixed,
incremental
price
increases
over
the
presale
period,
first
investors
also
maximise
their
staking
returns
by
taking
advantage
of
higher
yields
over
the
presale
season. 

According
to
the
numbers,
investors
have
staked
over
2.4
billion
$SOLX
tokens,
with
a
lucrative

468%
APY
on
offer
to
those
who
stake
today,
but
this
figure
is
variable
and
decreases
as
the
amount
of
stakers
increases,
so
investors
must
move
quickly
to
get
the
most
out
of
the
hottest
new
presale
in
Solana
meme
coins.

Solaxy
Set
To
Boost
Solana’s
Expanding
Meme
Coin
Ecosystem

It
is
a
widely
known
fact
that,
for
all
the
risks
due
to
their
inherent
volatility,
meme
coins
are
one
of
crypto’s
buzziest
sub-sectors.
In
the
last
24
hours
alone,
the
meme
coin
sector
alone
grew
9%,
triple
the
3.2%
advance
made
by
the
wider
crypto
market. 

However,
zoom
in
specifically
on
Solana’s
meme
coin
sector
and
we
can
see
that
in
the
last
24
hours,
Solana’s
meme
community
leapt
in
value
14.3%
to
capitalize
$21.3
billion
of
meme
coins’
$117
billion
market.

With
on-chain
traffic
now
growing
around
meme
coins
in
general
and
Solana
meme
coins
in
particular,
Solaxy
investors
are
betting
on
the
protocol’s
potential
to
address
Solana’s
well-known
congestion
issues
through
its
groundbreaking
Layer-2
technology. 

Firsty,

Solaxy
reduces
the
data
burden
on
Solana’s
Layer
1
by
offloading
transaction
processing
onto
a
second
layer
that
processes
transactions
in
bundles
before
sending
them
back
to
the
first
to
settle
them.
This
enables
Solaxy
to
enhance
Solana’s
scalability
without
compromising
the
network’s
performance
or
integrity.

But
the
second
standout
feature
of
Solaxy
is
its
ability
to
quickly
bridge
Solana
with
Ethereum,
merging
Ethereum’s
liquidity
and
security
with
Solana’s
speed
and
cost-efficiency. 

$SOLX’s
dual
compatibility
creates
an
ecosystem
optimized
for
frictionless
decentralized
finance
(DeFi)
and
meme
coin
trading.
This
will
ultimately
prove
to
be
the
biggest
lure
among
both
retail
and
institutional
traders
when
the
project
launches.

Solaxy’s
presale
has
barely
completed
its
third
week
and
already
prominent
influencers
like
StockInvestor
and
ClayBro
have
amplified
Solaxy
fever,
suggesting
the
protocol
is
helping
Solana
to
get
ready
for
the
next
stage
of
its
meme
coin
and
DeFi
gold
rush.
Word
of
mouth
has
already
helped
Solaxy
gather
around
54,000
followers
across
social
media.

You
can
buy
$SOLX
on
the

Solaxy.io
homepage
or
via
the
‘Upcoming
Tokens’
feature
in
the
fast-growing
new
Web3
crypto
wallet

Best
Wallet.

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.

Funds
from
the
presale
will
go
toward
product
development
and
marketing.
For
updates,
connect
with
the
Solaxy
community
on

X
and

Telegram.