Solaxy (SOLX), Solana’s first layer 2 blockchain, just announced that it has raised $500k in less than 48 hours of its presale.

Solaxy is a layer 2 solution built on Solana, designed to enhance the Solana network by increasing scalability, reducing congestion, and ensuring smooth, low-cost transactions even during high traffic, as is the major challenge Solana faces.

Combining the strength of Solana with Solaxy’s innovative technology, Solana aims to redefine its blockchain performance.

What Solaxy Offers

As at today, Solana is capable of handling 6,500 transactions per second ( TSP) but with the introduction of Solaxy it aims to get even faster. Solaxy with its layer 2 blockchain network helps to minimize congestion. It also provides developers with modular toolkits to create innovative applications.

With these improvements, like faster speeds, increased reliability and friendly environment for developers, Solaxy aims to be a prominent use case for Solana’s meme coins.

The Solana’s Memecoin Ecosystem is currently worth $18.8 B with possiblity for growth with the introduction of memecoin launchpads like Pump.fun and Moonshot. By solving the issue of network congestion, failed transactions and scalability, Solaxy offers investors an opportunity to be part of the next generation of Solana’s efficiency.

Its presale success is proof that Investors understand this and fully back their efforts.

Solaxy’s Presale Information

The ongoing presale process allows investors to purchase SOLX tokens at a fixed price before it launches on exchanges. The presale is priced at $0.001556 but will increase throughout the campaign.

Currently, SOLX has a total supply of over $138k, with 25% allocated to community rewards, 10% to exchange listings, 30% to ecosystem development and 35% to marketing.

Visit the presale website for more information.