Solaxy ($ SOLX ) Is Predicted to 100x by Top Analyst After Reaching $10M Presale Milestone
Solaxy (SOLX), Solana's first layer-2 blockchain, is going viral after spending $10 million in a presale.
With one analyst predicting 100x potential, this size solution could be the key to solving Solana's congestion issues.
As a result, investors are racing to get in early before the price of SOLX goes higher.
How Solacy brings Ethereum-style layer-2 scaling to Solana
Layer-2 networks have completely changed blockchain scalability – especially on Ethereum.
These networks operate at the base layer (or layer-1) to handle off-chain transactions before they are fixed on the main network.
This approach reduces congestion, reduces costs and still benefits from the underlying blockchain security.
Ethereum's layer-2 ecosystem – along with networks like Optimism and Arbitrum – has attracted billions in Total Value Locked (TVL).
It also appears to be widely accepted by developers and traders.
https://twitter.com/SOLAXYTOKEN/status/1879583651979042872
Solaxy aims to replicate this success with Solana, introducing the chain's first Layer-2 solution.
Using rollup technology, SolAxi processes transactions off-chain and “groups” them for settlement on the Solana mainnet.
The goal is to solve network congestion and high failure during busy times.
SolaXy can transform Solana's ecosystem from AI to MIM Coins by acting as a bridge to new DApps.
Traders and developers are excited by the prospect.
The Solaxis Telegram community has grown to over 3,300 people, many of whom are eagerly awaiting the launch.
SOLX Token – Enhancing the SOLX ecosystem with great value potential
The SOLX token powers the SOLX ecosystem.
It plays a role in enabling faster and cheaper transactions by covering payments on the Solacy network.
Additionally, SOLX holders can redeem their tokens to earn passive income, with APY rates currently estimated at 330%.
Outside of utility, SOLX will be a key component of the development team's upcoming bridge between Solana and Ethereum.
It is also expected to provide administrative rights for future protocol decisions.
The ongoing pre-sale for SOLX has been a huge success.
Having crossed the $10 million mark earlier this week, SOLX tokens are currently available for $0.001602.
Analysts have noted the explosive speed of SOLX, with YouTuber ClayBro predicting that once SOLX is listed on exchanges, it could generate a 100x return.
While that prediction may seem outlandish, such a price increase would not be unheard of in crypto, especially given Solacy's potential.
And based on SOLX's current price and total supply, the token will have a fully diluted market value of over $22 billion.
That's more than the likes of TRON and Avalanche.
Solaxis Security, Tokenomics and the Perfect Time for a Crypto Bull Run
The Solacy team prioritizes security and transparency.
Coinsult audited the project's smart contracts, finding no problems, giving confidence to previous investors.
Solacy has a clear Toconomics structure designed to balance growth and sustainability.
30 percent of the offering is earmarked for development and 25 percent is earmarked to reward early investors.
Marketing efforts receive 15%, and 10% is reserved for liquidity – the remaining 20% is held in the treasury of the project.
Also, the most interesting thing about Solaxin is the timing.
Just as many analysts expect this year, the project could benefit from the interest of all investors.
Additionally, as Solana's growth is expected to continue, the need for faster (and cheaper) trade becomes even more apparent.
Solaxy can help with this.
Everything seems to be falling into place for this Solana scaling solution.
And if ClayBro's 100x price prediction is correct, SOLX could be one of the biggest winners in the next bull run.
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