Solana’s recent all-time high of $263.83 on November 23 highlights its dominance, but persistent network congestion and high fees have spurred demand for scaling solutions. Enter Solaxy (SOLX), a Layer2 network built for Solana that just launched its presale and has already raised over $662,000 in less than a week. The presale price stands at $0.00156 per token, with a staggering 2778% annualized staking yield luring both whales and retail investors.
Solaxy: Solana’s Layer2 Answer to Congestion
Solana processes the most daily active users among all blockchains, but its L1 architecture struggles during peak hours, causing failed transactions and unpredictable fees. Solaxy addresses this by using Rollup technology — batching multiple transactions off-chain before settling them on Solana’s mainnet. This reduces the main chain’s data load while preserving its security and decentralization.
The project draws inspiration from Pepe Unchained (PEPU), an Ethereum Layer2 meme coin that surged over 600% within 48 hours of listing. Solaxy tailors a similar approach for the Solana ecosystem, aiming to provide meme coin traders and developers with a faster, more reliable environment without leaving Solana’s liquidity.
Presale Momentum and Tokenomics
With a total supply of 138 billion SOLX, the token allocation reserves 15% for marketing, 25% for early supporter rewards, and the remainder for development and ecosystem growth. The current presale price of $0.00156 will increase as funding milestones are met — a strategy that encourages early participation. Over 414 million SOLX have already been staked in the protocol’s pool, driven by the extraordinary 2778% APY designed to bootstrap long-term holders.
The project roadmap spans four phases: fundraising, token listing, Layer2 mainnet deployment, and ecosystem expansion. Solaxy accepts ETH, BNB, USDT, and credit/debit cards with no minimum investment, making it accessible to all.
Security and Community Growth
Solaxy’s smart contracts have been audited by Coinsult, with no centralization risks or critical vulnerabilities found. The project’s X (Twitter) and Telegram channels gained over 10,000 followers within five days of the presale launch. Crypto YouTuber Stock Investor (50K+ subscribers) publicly recommended the project after reviewing its audit, praising its “scale and commitment to investor safety.” As the presale gains momentum, analysts suggest the low-entry window may soon close.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are highly speculative. Always do your own research before participating in any presale.