Solaxy is gaining traction with a $4.5 million pre-sale, targeting Solana's scalability issues with its intelligent Layer 2 solution and massive staking rewards.

Solaxy (SOLX) is developing a layer 2 solution to improve the user experience on Solana, and investors have taken notice. It's been less than two weeks since the preview went live, and the project's funds are just $419,000 away from the $5 million mark.

Since the project is still in its early stages, investors have an opportunity to secure their stake in SOLX at a low price and benefit from the huge APY to maximize their investment. Let's take a closer look at this project and what it's about.

Solaxy presale outperforms similar projects as it gains momentum

Solaxy officially opened its doors to early investors on December 12, and has already raised more than $4.5 million. While the scope of the project plays its part in attracting investors, Solaxy appears in the upcoming tokens section of the best wallet, making it available to the app's 100,000+ monthly users and boosting its visibility even further.

This makes it very similar to Pepe Unchained (PEPU), an Ethereum-based layer 2 Blockchain project that successfully completed a pre-sale for over $73 million. Once the presale ended, PEPU was launched on Uniswap and rose over 600% in the first 48 hours, securing its listing on LBank, BingX, MEXC and other exchanges as its price soared.

Comparing the early success of these two prequels puts Solaxy ahead of the pack, as Pepe Unchained took more than a month to raise $4.5 million.

To enter the pre-sale, investors can purchase SOLX using BNB, ETH, USDT, or bank card. There is no minimum investment required. Currently, SOLX costs $0.001576 per token, but the price of each token will rise in just one day or if the pre-sale raises another $273,000 by tomorrow.

If Solaxy maintains its momentum, it could surpass the success of PEPU and potentially deliver better returns at launch.

Solaxy aims to solve the problems faced by Solana users

Solana is among the top three blockchains in terms of transaction volume, and its number of daily transactions has only increased with the launch of Pump.fun. As such, its ecosystem is vulnerable to network overload and congestion that can lead to transaction failures or slow transaction speeds.

Solaxy Solana intends to solve these problems with a layer 2 blockchain, which will reduce the burden on the Solana layer 1 chain by aggregating and processing transactions instead. This will not only make Solana more scalable, but will also make it more cost effective for its users. Additionally, bulk transactions will be completed on the Solana network, benefiting from its robust security.

Development of the Solaxy Layer 2 blockchain technology is well under way, supported by 30% of the project's total supply of 138 billion tokens.

Cryptocurrency analyst ClayBro reminded his 134,000-person YouTube audience of the congestion issues Solana users faced in March, April, and June of 2024 during the meme booms.

While anticipating a meme coin supercycle, ClayBro is impressed with Solaxy's goal to improve Solana's performance and is advising his followers to enter the presale while it is in its early stages.

Backed by strong investor security, the Solaxy community is growing rapidly

Despite Solaxy's ambitious goals and the utility of an upcoming layer 2 blockchain, it is a meme-first coin, and as such, its success depends largely on the strength and trust of its community.

The project's four-phase roadmap reveals that it has a strong focus on community building. Its first phase prioritizes marketing, with the project allocating 15% of the total token supply, which has already attracted more than 22,000 followers across Solaxy's X (Twitter) and Telegram channels.

Pre-sale also adopts a dynamic reward distribution model to encourage early adoption. As more SOLX is added to the staking pool, staking returns decrease, rewarding early participants with the best returns.

Currently, the project offers 859% APY, allowing investors to multiply their token holdings by approximately 9x over the long term.

Solaxy developers also emphasize investor security, with 10% of the total token supply allocated to liquidity to ensure a safe trading environment. plus, Coinbasea security company, reviewed the project's smart contract and found no problems with its code.

Although volatility is as high as ever in the meme space, Solaxy has a strong opportunity to expand following the launch of the DEX and the subsequent release of the Layer 2 blockchain.

To learn more about Solaxy, Visit the Solaxy pre-store.