Solaxy (SOLX), a new layer-2 scaling solution built to address Solana’s network congestion, has secured $8.9 million in presale funding.
, a new layer-2 scaling solution built to address Solana’s network congestion, has secured $8.9 million in presale funding.
As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point – with failure rates climbing toThis new layer-2 solution tackles Solana’s scaling issues by processing transactions off-chain, bundling them, and settling them back on Solana’s mainnet.
These are two of the biggest sources of strain on Solana. Ultimately, it’s about ensuring Solana can handle whatever the market throws at it.ecosystem is SOLX, the project’s native utility token. Beyond its role in facilitating network functions, SOLX is integral to governance and staking within the ecosystem.have raised over $8.9 million to date. Priced at $0.001592 during the presale, tokens can be purchased using various cryptocurrencies or through card payments by connecting a crypto wallet.
10% of the total supply is set aside for exchange listings after the presale, while 30% will go toward ongoing network development.
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