Solana-Based Tokens Surge Triggers Congestion Issues, Driving Solaxy Layer 2 ICO to $13 Million

The Solaxy (SOLX) token continues to gain momentum, with its presale raising over $13 million—a sharp rise from $12.9 million the previous day.

The project attracted nearly half a million dollars in just 24 hours, drawing the attention of crypto enthusiasts.

Many recognize the opportunity: as Solana’s network faces congestion, Solaxy’s Layer 2 blockchain solution offers a much-needed breakthrough.

Solaxy: A solution for Solana’s congestion issues

The Solana network faced challenges over the weekend as trading for TRUMP and MELANIA tokens surged. The massive trading volume pushed the blockchain to its limits, causing delayed transactions and system timeouts that left users frustrated.

Some traders waited up to 30 minutes for their transactions to process, while Phantom Wallet struggled to handle 8 million requests per minute. Although Solana has dealt with congestion issues before, this weekend’s intense activity highlighted the need for better solutions.

Despite the chaos, Solana’s SOL token surged, reaching $295 on Sunday. However, the situation sparked conversations about the need for improved scalability to handle future trading spikes.

This is where Solaxy steps in. As Solana’s first Layer-2 scaling solution, Solaxy handles transactions off-chain before bundling them back to the main network. This method reduces congestion and keeps fees low, offering exactly what traders needed during the meme coin trading frenzy.

Solaxy’s popularity is also growing quickly. The project now has nearly 65,000 followers on Twitter and Telegram, where the community discusses updates and the potential of the $SOLX token. The timing couldn’t be better, as the recent congestion showcased why Solana needs a Layer-2 solution. Solaxy is ready to fill that gap.

With its meme-themed branding, Solaxy appeals to the same audience that fueled the weekend’s trading surge, giving it additional momentum ahead of its official launch. If the development team delivers on its promises and community excitement remains high, Solaxy could transform the Solana blockchain.

Solaxy presale hits $13 million – Next Layer 2 meme coin to explode?

Solaxy is gaining strong support from the crypto community. The project’s presale, which started in December, continues to break milestones, raising over $13 million so far.

Initially launched on Ethereum, Solaxy is now accessible to Solana users, connecting two of the largest DeFi ecosystems. Both Ethereum and Solana users can buy $SOLX tokens at $0.00161 each for the next 29 hours before the price increases as the presale moves to its next phase.

To join the presale, users can visit the Solaxy website and connect their wallets, such as Best Wallet. Best Wallet, a leading next-gen crypto wallet, features Solaxy in its “Upcoming Tokens” list.

It also allows users to purchase $SOLX directly through its app, which is available on Google Play and the Apple App Store. For more information, investors can check out our guide on purchasing Solaxy tokens here.

Source – Solaxy Twitter

While reducing congestion remains Solaxy’s top priority, its ecosystem offers more than just scaling. The platform includes a bridge to the Ethereum blockchain, a staking app, and balanced tokenomics designed to create a sustainable Layer-2 network.

The Ethereum bridge is a standout feature, letting users access Ethereum’s liquidity pools while benefiting from Solana’s speed. This bridge enables seamless asset transfers between the two blockchains, opening opportunities for arbitrage and yield farming.

Solaxy also includes a built-in staking app. $SOLX holders can stake their tokens to earn rewards, with annual rates currently estimated at 287%. Although the rate will decrease as more tokens are staked, it provides early supporters with a strong incentive to secure their positions.

Many experts believe Solaxy has huge potential, with some predicting that the $SOLX token could see significant growth once it reaches exchanges. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.

To take part in the $SOLX token presale visit solaxy.io.

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