Solana's First Layer-2 Solution, Solaxy, Secures $33M in Pre-Sale Funding to Alleviate Network Congestion
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The Layer-2 solution, Solaxy, has been raising the heat with over $1 million per week during its presale, bringing SOLX's total funding to an impressive $33.1 million!
As the first Layer-2 offering on Solana, Solaxy is putting the pedal to the metal, aiming to tackle the network's long-standing congestion issues. Solana's growth and global adoption require scalable infrastructure, and Solaxy's design is just the ticket for taking the strain off the main chain.
With surging Ethereum Exchange-Traded Fund (ETF) filings and mounting institutional interest, Solana is stepping boldly into a new phase of broader acceptance. However, to keep the momentum going, it's essential to have infrastructure that can handle increased strain, and Solaxy is designed to do just that!
Solana needs to hold its own when demand surges, and that's precisely what Solaxy's got it covered for. The timing couldn't be better, as Solaxy is currently offering tokens at a price of $0.001714. This presale might be the last chance to grab some $SOLX before it sells out and shuts up shop automatically.
Now let's talk ETFs. After the approval of Bitcoin and Ethereum ETFs, an assortment of altcoins, including Solana, is readying itself for potential ETF listings. There's speculation that Solana has a 90% chance of ETF approval this year, which could spark a massive surge in network activity and help propel $SOL to fresh heights.
Solana's stablecoin market cap has surpassed $13 billion in total value locked (TVL), a clear sign of growing trust and ecosystem adoption. Plus, companies like Sol Strategies (HODL) and Janover (JNVR) keep acquiring SOL tokens, giving their investors early access to Solana as traditional ETF structures are yet to be set.
Solaxy's not just a reliever; it's a power-up! This bad boy acts as a second engine, expanding Solana's processing power without sacrificing speed or cost-effectiveness. By offloading high-volume transactions off-chain and seamlessly settling them back, it transforms Solana into a network that's ready to take on the next billion users.
As Solana gets busier, Solaxy becomes more critical. Every spike in network activity drives more throughput, more protocol fees, and more utility into the $SOLX economy. This isn't a support act; it's a strategic investment in Solana's future.
As developers and token creators turn to Solaxy for smoother launches, the role of $SOLX grows in step with usage. Gone are the days when hype drove the market; Solaxy's value is rooted in real demand as it supports a mainnet that's aiming to compete with Ethereum in smart contracts.
For crypto investors, Solaxy presents a unique opportunity to scale alongside the chain it supports and thrive as adoption speeds up. So don't miss out on the chance to become a part of the SolXY revolution!
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Discussing the potential of altcoins in the crypto market, it's worth noting that Solanya, a technology solution designed to enhance Solana's processing power, could provide significant returns. Its innovative approach to off-loading high-volume transactions off-chain and seamlessly settling them back could potentially propel Solana to handle the needs of the next billion users.
