The Solana ecosystem is approaching levels of scalability beyond anything […]
The Solana ecosystem is approaching levels of scalability beyond anything the blockchain industry currently offers with the addition of its first layer 2 blockchain, Solaxy ($SOLX).
Solaxy is currently conducting a token presale, and it is swiftly nearing the $9 million total raised mark. The current $SOLX price is $0.001592, but this will rise throughout the ICO, with the next increase later today.
Solana currently holds the world record for most transactions per second (TPS) at 7,229. However, with the help of Solaxy, it will soon be capable of even higher transactional throughput, preparing it for the mass adoption expected to occur as the crypto bull market advances.
Solaxy will make Solana cheaper, faster, and more reliable
According to data from Chainspect, Solana is the record holder in real TPS. Some blockchains claim to be capable of higher, but none have successfully proven it in real-time.
This affirms Solana’s technical capabilities while also reflecting its market-leading adoption.
But the addition of Solaxy will soon supercharge Solana’s scalability, opening the network to new use cases for its millions of users to enjoy.
Solaxy is a separate layer 2 blockchain which will handle some of Solana’s workload. It will process transactions in bundles, which requires less computational power, thereby becoming even more scalable than the main network.
It will then report transactions back to Solana for finality, ensuring it maintains Solana’s security and permanency.
Through this approach, Solaxy can offer transactions from inside the Solana ecosystem, but cheaper and faster than the layer 1 network.
It’s a pivotal expansion for the Solana ecosystem, future-proofing it to serve the growing demand for blockchain technology.
Bridging the gap between Solana and Ethereum
While Solana leads the industry in terms of transactional capabilities, Ethereum continues to dominate on the liquidity infrastructure front.
Ethereum’s total value locked (TVL) is $71 billion, while Solana’s sits at $9.5 billion, per DeFiLlama data.
While the masses use Solana because of its low fees, the whales continue to play on Ethereum. The Solaxy team has shrewdly understood this and responded by launching $SOLX on the Ethereum network.
Thereby, $SOLX becomes a portal into the Solana ecosystem for Ethereum whales, who, until now, have been left sidelined as Solana tokens like Fartcoin, ai16z, Dogwifhat, Bonk, and Pudgy Penguins have provided tremendous gains.
The Solaxy team aims to attract substantially more capital inflows by launching the token presale on Ethereum rather than if it had launched on Solana, underlining its creative efforts toward ensuring the project’s success.
Positioned as the first Solana layer 2 blockchain and exposed to Ethereum’s liquidity, Solaxy appears set for long-term growth. As to how far it could go, prominent trader Jacob Bury recently speculated it could 10x in price after the presale concludes.
Bury appeared on the 99Bitcoins YouTube channel, which boasts over 700K subscribers. Such media attention only enhances the project’s chances of success.
Secure Solaxy tokens today for the lowest ICO price
With the Solaxy price incrementally increasing throughout the ICO, prospective buyers should not wait around.
$SOLX tokens can be purchased using the project’s presale website.
Alternatively, traders can buy $SOLX via the Best Wallet app’s Upcoming Tokens feature.
With Bitcoin recently crossing $100K and a much-awaited altcoin season brewing, Solaxy is entering the crypto market at the right time. Whether it reaches Jacob Bury’s 10x target, or maybe higher, remains to be seen.
Yet, one thing is sure: $SOLX shows all the signs of a project that will do well during the 2025 bull market.
It has been audited by Coinsult, who found its smart contract code to be safe and secure.
Follow Solaxy on X or join its Telegram for the latest updates.
Visit Solaxy Presale
This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging with any company or product mentioned. Brave New Coin disclaims any liability for any damages or losses arising from reliance on the content provided in this article.
