Solana is a game-changer in the blockchain network, offering low-cost transactions with high speed. It is a go-to platform for meme coin trading, its meme coin platform Pump.fun has recently crossed $3.3 billion weekly trading volume, indicating increased investor traction towards meme coins. The launch of the $TRUMP meme coin by the President of America, Donald Trump contributes highly to the recent surge. However, the massive trading activity has exposed Solana’s congestion issues, resulting in low-speed transactions and high fees. This turned users’ attention to Solaxy ($SOLX), a layer 2 blockchain solution that processes transactions off-chain to reduce the congestion rate in the Solana network. Solaxy ($SOLX) is in its presale and has crossed over $17.3 billion in less than a month. In this article, we’ll discuss in detail about Solaxy, and how it becomes a game-changer for Solana.
Solaxy ($SOLX): The First Ever Solana Layer 2 Upgrade
Solaxy is a layer 2 blockchain solution that offloads transactions from Solan’s layer 1 chain, eliminating network congestion and providing low-cost and high-speed transactions. Though the meme coin hype was a boon for validators, it was not the same for users, with the increase in the number of traders purchasing meme coins network congestion increased, creating slowdowns and high transaction fees. This grabbed the attention of investors towards Solaxy. By enabling off-chain transactions, Solaxy eliminates the pressure on Solana’s main chain and facilitates transactions with greater speed even during high-traffic events like meme coin launches. Many believe Solaxy’s solution is a great advantage for Solana and helps it compete with Blockchain giants like Ethereum.
Solaxy ($SOLX): Presale
Solaxy is creating another revolution in blockchain technology, by enabling Solana to unlock its true potential, Solaxy is gaining significant attraction. $SOLX, the native token of Solaxy is undergoing its presale and currently trading at $0.000327. The project gained strong confidence from investors, crossing over $15 million within a few weeks after the presale started. The presale offers early investors a greater advantage, they can buy the token at a moderate price and sell them at a high price in the future.
To be a part of the presale, investors can visit the official Solaxy website, where they can link their wallets and purchase $SOLX tokens using $SOL. Investors can also use Best Wallet, a wallet that supports both Ethereum and Solana, to buy $SOLX tokens. You can use different payment methods to buy $SOLX tokens, including debit/credit cards. The $SOLX presale is live and go grab your tokens before the presale ends to get high returns.
Why Solaxy ($SOLX) Could Be a Game Changer for Solana?
Solan has gained huge popularity among investors and developers alike and has been known as the best platform for trading meme coins. However, during heavy transaction activities, the network creates traffic, resulting in reduced speed and increased transaction costs. This congestion issue has prevented the platform from gaining a similar adoption as other leading platforms like Ethereum in the DeFi space, as investors get affected by the long waits due to congestion. Ethereum is far higher than Solana in DeFi, and without overcoming the congestion problem it is difficult to compete with Solana. There rise in the importance of Solaxy, it transfers the main chain transactions to off-chain, eliminating heavy loads from the Solana main chain, and facilitating smooth and viable transactions. Solaxy and its ability to streamline transactions can bring huge changes in the Solana ecosystem, increasing the platform’s adoption rate and popularity, creating new opportunities in the entire blockchain ecosystem.
Final Thoughts
Meme coins are highly in demand, and Solana is one of the best platforms for buying meme coins. Known for its high transaction speed, and competitive fee structure the platform has attracted by large number of investors. However, during heavy trading, the platform faces congestion issues, creating a major headache for investors. With Solaxy, the Solana network aims to overcome the congestion issue and enable smooth trading even during high transaction activities.
The presale of the $SOLX, hitting $17.6 million, shows investors confidence in Solaxy, and with Solaxy Solana can reach new heights in the DeFi space as well as the entire blockchain system. If the adoption continues, the $SOLX can be the next $SOL, participate in the presale, and avail your tokens before the price surges. Remember to do proper research on the token and its utility before investing.