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Solana-based meme ICOs are back to the game, traditionally launching explosive projects ahead of the big rally – and the upcoming one won’t be any exception.
Dogwifhat, Book of Meme, Slerf, and Bonk are just some of the Solana meme coin projects we’ve seen explode in 2024.
Now, there’s a new contender for 100x gains this cycle — Solaxy ($SOLX).
Solaxy launched its presale only two days ago and has already neared the $3 million milestone – everybody is excited that SOL is finally about to get its first layer 2 project!
Let’s check out the details and see what causes the hype!
Solaxy ($SOLX) is the first ever Layer 2 protocol on Solana, designed to fix all major network issues like congestion, failed transactions, and scalability.
Right now, $SOLX is in the sixth phase of its presale, priced at $0.00157 - the ICO kicked off at $0.001, with the next price increase just a day away.
But Solaxy doesn’t just solve Solana’s problems - it also bridges the gap between Ethereum and Solana, two of the biggest names in blockchain technology.
As the first Layer 2 on Solana, it sets a new standard. It chose Solana for its powerful features and looks to unlock even more of its potential.
It brings a fresh application layer to the Solana platform - boosts speed, cuts costs, and makes use of Ethereum’s DeFi liquidity and security.
By upgrading Solana’s capabilities in practical ways, Solaxy has taken attention from famous crypto figures such as Jacob “Crypto” Bury.
The $SOLX token’s multi-chain abilities seem to work out for users from Ethereum as much as Solana, offering a perfect entry point into both fields. With no other token like that one on the market, it seems to be in an ideal first-mover position.
And there’s even more - Solaxy rewards its holders through staking. Nearly 900 million $SOLX tokens are already staked, with early stakers earning dynamic yields as high as 1300%.
As more people join, the yield will drop, so getting in early pays off.
The Solaxy presale is already breaking records. You can buy your $SOLX with ETH, BNB, or SOL, making it accessible to users on all three major blockchains.
You can also buy the token using a card or through Best Wallet’s Upcoming Tokens feature. While this tool gives you early access to presales, it lets you see your tokens in the wallet before the official claim date.
Some of the recent success stories such as Pepe Unchained - a Layer 2 solution for Ethereum, prove there’s high demand for scaling solutions. Pepe Unchained raised over $73 million during its presale and saw a 600% price surge when it hit exchanges earlier this month.
By bringing Layer 2 technology to the Solana sphere, Solaxy is following two of the biggest trends in the altcoin bull market.
In just the first two days, it has raised nearly $3 million, with so much excitement for its potential to solve all real issues in the Solana field.
Solaxy makes it easier to build, launch, and use decentralized applications without sacrificing any of your performance – a new approach that could make it one of the most promising projects in crypto today.
Developers and users get the best of both worlds - a platform that strengthens Solana while addressing its challenges and offering opportunities to earn even more.
Since Ethereum has already tested the L2 technology, it is now Solana’s turn to get into it, and that’s when Solaxy ($SOLX) comes onto the scene.
With nearly $3 million already in the bag, it has become the best performing contender in its category in just 48 hours after the ICO launch.
With a hot new presale, an innovative layer 2 blockchain, and a growing community, it has all the necessary ingredients for success.
Want in on the profits? Now is the perfect time to join before the price jumps further!
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
