Trending presale Solaxy ($SOLX) is just two weeks away from listing on exchanges after raising $43 million in its presale.
At the same time, several other Solana ecosystem events are making headlines and creating an even more optimistic outlook for Solaxy.
For instance, the approval odds of a Solana ETF have skyrocketed from below 70% to 83% on prediction markets Polymarket, and the number of users on the Solana blockchain has increased to 93 million this month, a 9.9% increase in the past 30 days.
Top analysts believe that this could culminate into strong gains for $SOLX once it lists on the open market.
ETF Store President Nate Geraci said that the Solana ETF launches could be “imminent,” potentially aligning with the launch of Solaxy on the open market.
Solaxy is building the world’s first Solana layer 2 blockchain, tackling the network’s congestion issue. This leads to longer wait times and increased rates of transaction failures during periods of peak network activity.
Currently, investors can buy $SOLX at its presale price of $0.001742, but they must act fast since the presale ends in just 14 days.
Solaxy unveils ecosystem DEX, Igniter Protocol
Solaxy just unveiled the network’s native decentralized exchange (DEX), calling it the “heartbeat of the ecosystem.”
It’s a jigsaw piece that interlocks with Solaxy’s Igniter Protocol, a token launchpad that enables anyone to create a cryptocurrency in seconds. It doesn’t require coding experience, and costs just a couple of dollars.
The team explained that once a token completes bonding on Igniter Protocol, it will “flow directly into the DEX, giving it instant liquidity and access to a trading venue optimized for speed and scalability.”
The Solaxy layer 2 blockchain offers cheaper, faster, and more reliable transactional throughput than Solana.
As mentioned, Solana has just hit 93 million users. It’s miles ahead of other networks by adoption, and while this is good news, it’s also raising some concerns among seasoned community members. That’s because the network has a history of congestion issues during periods of peak activity.
Solaxy will utilize off-chain computation and transaction bundling technology to scale Solana and eradicate the congestion issue. It aims to achieve 10,000 transactions per second (TVL), while Solana can process 6,500 TPS.
This heightened transactional throughput won’t just allow Solana to continue operating smoothly; it’ll unlock new use cases, and potentially, billions of dollars in value.
Analyst says $SOLX could 100X this summer
Crypto investors are showing support for Solaxy by contributing funds to the presale. However, it’s also drawing attention from top industry analysts.
For example, Umar Khan just posted a YouTube video where he said that $SOLX could 100x this summer. He highlighted multiple reasons for this, including the project’s strong use case, investor support, and the broader crypto market’s bullish outlook.
99Bitcoins boasts over 700k subscribers on YouTube, providing a great deal of exposure to the new token.
Solaxy has also received mentions from top media outlets, including Cointelegraph, CryptoPotato, Modern Diplomacy, and The Cryptonomist.
It’s rare for a new project to generate such interest this early, so that’s a signal that Solaxy could be on the verge of something big.
Just 14 days to buy Solaxy presale – don’t miss out
With the Solaxy presale set to end soon, those yet to buy shouldn’t wait to get involved.
The presale marks the only opportunity for investors to buy $SOLX at the fixed price of $0.001742. Once the presale ends, the $SOLX price will switch from fixed to dynamic and be determined by supply and demand forces.
Considering Solaxy’s strong use case and the fact that $SOLX will power its ecosystem, it’s likely that we’ll see significant token demand and minimal supply. It’s a setup that could yield huge gains.
Potential investors can rest assured that the project is safe and secure. It has received a smart contract audit from Coinsult, which found no issues with its code.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.