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Solaxy ($SOLX), the first-ever Layer-2 solution built on Solana, has reached a major milestone by raising over $17.5 million in its presale.
Interest continues to surge as Solana’s meme coin ecosystem, especially Pump.fun, experiences explosive growth. Notably, tokens from Pump.fun hit an all-time high with a weekly trading volume of $3.3 billion last week, driven by a flood of President Donald Trump-themed memecoins.
Consequently, the dynamic momentum within Solana’s ecosystem further underscores Solaxy’s potential to transform the market, making it an attractive opportunity.
The excitement began around Jan. 18 when Trump launched the $TRUMP meme coin, a move that intensified with the introduction of the MELANIA token just before his Jan. 20 inauguration. This development sparked a frenzy, fueling the explosive growth of meme coins on Pump.fun and causing significant network congestion on Solana.
As a result, this congestion has spurred increased interest in Solaxy as traders seek a more efficient transaction solution and a strategic asset to harness Solana’s booming activity.
Currently, the $SOLX token is available at $0.001622, presenting an attractive opportunity for early holders before the next anticipated price increase on Feb. 3.
Trading Spikes and Scams Burden Solana, Opening Doors for Solaxy
Pump.fun recorded record-breaking trading volumes after launching $TRUMP and $MELANIA, igniting a frenzy that flooded the market with over 6,800 Trump-inspired meme tokens. This surge in enthusiasm drove weekly trading figures to unprecedented levels, underscoring the explosive potential of Solana’s meme coin ecosystem.
Yet, the rapid proliferation of tokens attracted malicious actors, with scammers exploiting the hype by launching counterfeit tokens that mimicked authentic Trump-related assets.
Meanwhile, as trading activity spiked, many users found themselves paying premium fees to expedite transactions, a clear sign that the network was straining under sudden demand. This congestion revealed a critical flaw in Solana’s infrastructure, which struggled to handle the massive influx of transactions during peak events.
In response, Solaxy has stepped in with its innovative Layer-2 framework. By processing transactions off the main chain, Solaxy significantly reduces network congestion, ensuring faster and more cost-effective transactions even during periods of high demand.
These high-profile events have exposed the limitations of the current network, resulting in frequent transaction delays and elevated fees. Consequently, many developers and projects have shifted towards Ethereum’s more stable, albeit costlier, infrastructure. However, experts now predict that Solaxy’s Layer-2 solution will reverse this trend by decreasing both congestion and fees, thereby attracting a broader range of DeFi projects and users back to Solana.
$SOLX Emerges As a Prime Asset In An Evolving Crypto Market
Adding further excitement, 99Bitcoins forecasts that $SOLX could reach $0.025 by year’s end, reflecting a roughly 50% increase during the remaining presale period and an eightfold surge upon listing on exchanges. This projection highlights Solace’s promising future and positions it as a compelling opportunity in the evolving crypto landscape.
Solaxy offers an exceptionally attractive staking program with an approximately 200% APY, presenting a golden opportunity to generate passive income.
To participate, traders simply select the “Buy and Stake” option, locking their $SOLX tokens into the staking pool. As the staking period progresses, rewards steadily accumulate and become available for withdrawal once the claim function is activated.
Seasoned traders are drawing parallels between the potential of $SOLX and the early days of Solana. For instance, five years ago, Solana’s $SOL traded at a modest $0.50, only to soar to $228—a 45,500% increase.
This impressive historical growth underscores the possibility of explosive returns from early-stage projects, fueling the excitement around $SOLX as a prime opportunity.
As the network continues to evolve and scale, those who infuse in Solaxy today stand to benefit from substantial rewards in the future, capitalizing on a transformative moment in the crypto landscape.
Dive Into Solaxy Presale and Secure Your Future
Ready to join the next big wave in crypto? Dive into Solaxy’s presale to grab your $SOLX tokens by visiting their official website and linking up your go-to crypto wallet—Best Wallet is a fan favorite.
If you’re using Best Wallet, you’re in luck: you can effortlessly snag $SOLX right inside the app. Its multichain compatibility makes it the perfect choice for managing $SOLX, as you’ll be able to use the token across both the Solana and Ethereum networks.
Keep your finger on the pulse—follow the Solaxy community on X (formerly Twitter) and Telegram for all the latest buzz, and swing by the Solaxy website for every update.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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