The post Solaxy is Solana’s Rising Star as L2 Protocol Raises $26M: Best Crypto Presale? appeared first on Coinpedia Fintech News
A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale.
In the same way that L2s such as Base have improved Ethereum’s throughput, Solaxy now promises to do the same for Solana, speeding up transactions and stopping network congestion.
Solaxy’s stunning presale, which is still ongoing, shows strong investor confidence in the project’s vision to help Solana maintain its position in the cryptocurrency world.
Technical Innovation Behind Solaxy Excitement
Blockchain networks face an ongoing challenge of balancing security, decentralization, and transaction throughput.
Despite Solana’s impressive processing capabilities compared to many competitors, periods of intense network activity (such as when $TRUMP launched) still create bottlenecks, resulting in delayed confirmations and occasional transaction failures.
Solaxy approaches this challenge through an architecture that processes transactions outside the main chain before bundling them together.
These streamlined validation mechanisms maintain security while improving speed, and reduce transaction costs across Solana.
This means Solaxy can help unlock Solana’s full potential, potentially creating billions in new economic value across the ecosystem.
Market Position And Investment Opportunity
With Solana currently valued around $65 billion, and Solaxy in its pre-launch phase, astute investors may recognize the potential value disconnect. Early participants can secure tokens at $0.001666, though this entry price increases in the next 24 hours as the offering advances.
Beyond potential price appreciation, the project offers a staking program currently yielding 152% annually, providing immediate benefits to participants. This rate will naturally decrease as more tokens enter the staking pool.
Cryptocurrency platform 99Bitcoins, with its 700,000+ YouTube subscriber base, recently featured Solaxy in its coverage. Analyst Umar Khan expressed particularly bullish sentiment, describing it as a “Solana gem” with the potential to multiply investment 100 times following its market debut.
This coverage from a respected industry voice provides the project with credibility and visibility, demonstrating its ability to resonate with serious cryptocurrency analysts.
Solaxy Arrives as Excitement Grows Around Solana
After months of turbulent price action, cryptocurrency markets appear to be stabilizing. Solana specifically has posted a modest 1.4% gain over the past week, holding firmly at the psychologically important $125 level.
This price zone carries special significance as it marked the exact support level before Solana’s previous surge to its all-time high of $294.33 in January. Technical analyst Crypto Patel has identified this as “strong support” that could potentially launch Solana toward $500 as market conditions improve.
This stabilization is already benefiting Solana ecosystem projects, with Render and Bonk up 8% this week while Helium has grown 22%.
Given Solaxy’s targeted approach addressing a core infrastructure need and its relatively smaller market capitalization, the project appears uniquely positioned to outperform even these impressive gains during the next market cycle.
For those interested in the token offering, Solaxy provides multiple ways to get involved. Participants can use Solana-compatible wallets, Ethereum-compatible wallets, or direct credit card purchases.
The process begins at the official Solaxy website, where you select your investment amount and preferred payment method. After the presale concludes, tokens are available for claiming.
Regarding security concerns, the project has completed a comprehensive audit through Coinsult, which found no vulnerabilities or issues in the codebase, providing additional confidence for potential participants.
As Solana’s ecosystem continues expanding, Solaxy represents an infrastructure improvement that could dramatically enhance the network’s capabilities.
