Solana Layer-2 Solaxy Hits $28M Presale Landmark, Unveils Newest Dev Progress

Solaxy ($SOLX) has smashed previous the $28 million mark in its presale, unveiling recent developer upgrades to mark the milestone.

The newest enhancements embody improved transactions per second (tps), enhanced knowledge throughput, and optimized rollup efficiency – all key steps as Solaxy gears as much as elevate Solana’s effectivity as its first Layer-2 chain.

For these trying to seize $SOLX earlier than the present presale stage closes in lower than 29 hours, tokens can be found for $0.001676 every.

Newly bought $SOLX tokens generally is a passive revenue generator by Solaxy’s staking protocol, which at the moment presents a 145% annual proportion yield (APY).

Keep in mind that the yield is ready dynamically in response to the extent of deposits into the staking good contract.

Solaxy shares two large dev updates in March

Upon reaching its newest presale milestone, Solaxy introduced a collection of upgrades to arrange for the launch of Solana’s first Layer-2 chain.

In a current X thread, Solaxy revealed the combination of a brand new sequencer implementation from the Sovereign SDK.

This enhancement allows sooner transaction confirmations, offering customers with faster suggestions on their trades and transfers.

Whereas Solana is already identified for its velocity, this improve permits Solaxy to validate transactions even sooner earlier than they’re finalized on Solana’s major community, thereby enhancing person expertise, decreasing wait instances, and boosting scalability for Solana-based purposes.

Solaxy additionally rolled out key enhancements to its rollup efficiency and bridge UI. The rollup improve optimizes caching and reduces knowledge overhead, therebyenhancing transaction processing speeds.

In the meantime, Solaxy’s partnership with Hyperlane reinforces its bridge setup with improved safety that ensures safer and extra secure cross-chain transfers, even throughout testnet phases.

This newest dev replace is Solaxy’s second in March, highlighting the staff’s ongoing efforts to refine its expertise.

Earlier this month, they introduced progress on pockets assist, token launchpad integration, and the bridge UI improvement in collaboration with Hyperlane.

Does Solana really want a Layer-2 like Solaxy?

Solana co-founder Anatoly Yakovenko has just lately been vocal about his stance {that a} highly effective Layer-1 shouldn’t want a Layer-2 to scale.

In his view, chains like Solana – with its quick, low-cost transactions – are higher off specializing in enhancing their core design relatively than counting on additional layers.

Whereas Solana’s monolithic structure is constructed for velocity by combining execution, consensus, and knowledge availability all on-chain, this design has proven cracks in periods of heavy demand.

With out an L2 to dump a few of the strain, Solana turns into weak to congestion when transaction quantity spikes.

That is the place Solaxy steps in with its use case. As Solana’s first Layer-2, Solaxy presents a scalable resolution that processes transactions off-chain earlier than finalizing them on Solana’s mainnet.

This added buffer will cut back congestion, enhance stability, and assist Solana ship a smoother expertise with out compromising its quick speeds and low charges.

So, whereas Solana’s congestion points aren’t immediately tied to the absence of L2s, options like Solaxy could possibly be what Solana wants to enhance its long-term reliability.

Solaxy can push Solana to the highest in gaming, and DeFi – $SOLX is primed for takeoff

Other than it being essential for Solana to turn into a extra reliable blockchain, Solaxy might assist Solana broaden its presence in gaming and decentralized finance (DeFi).

Since Solaxy processes transactions off-chain at a t sooner price, it might turn into a main testing floor for Web3 gaming, the place quick in-game crypto transactions are important.

Solana has already made notable progress in gaming, however with Solaxy’s added capabilities, it might seize much more market share.

In DeFi, the place Solana is steadily rising, Solaxy’s Layer-2 performance might additional speed up adoption.

Buyers proceed to hunt a series that may deal with monetary transactions sooner, and Solaxy’s scalability might make {that a} actuality.

Furthermore, Solaxy might bridge the DeFi ecosystems of Ethereum and Solana.

Whereas Solaxy’s native token, $SOLX, is at the moment an ERC-20 token, it is going to quickly be accessible on the Solana blockchain as effectively, therefore why its UI bridge is at the moment present process lively improvement.

By connecting these two main ecosystems, Solaxy’s potential is big.

This is the reason influencers and media shops carefully observe the challenge, with trusted crypto schooling platform 99Bitcoins even suggesting that $SOLX might obtain a 10x surge.

Such development isn’t far-fetched given how $SOL itself climbed 27,470.5% from its backside to its present worth – a 275x acquire.

Since $SOLX is carefully tied to Solana’s ecosystem as its first Layer-2 resolution, $SOLX might see related development potential if Solana continues to broaden and Solaxy efficiently enhances the community’s scalability and efficiency.

The way to declare the $SOLX token earlier than Solaxy launches

The progress Solaxy has made in refining its expertise, coupled with its robust funding, brings it nearer to launch.

Whereas the official timeline stays undisclosed, traders trying to safe $SOLX in the course of the presale can go to the Solaxy web site the place they’ll join their pockets.

Main noncustodial pockets Greatest Pockets could be a sensible choice for contributors to this presale as a result of it allows individuals to say their tokens early.

Greatest Pockets’s multichain assist makes it a perfect platform for $SOLX, accessible on each Ethereum and Solana. For Greatest Pockets customers, shopping for $SOLX is seamless and could be executed immediately throughout the app.

Keep related with the Solaxy neighborhood on X and Telegram for updates.

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