Solaxy is developing a Layer-2 scaling protocol for the Solana blockchain, aiming to reduce network congestion and enhance transaction efficiency. The protocol will utilize its native token, SOLX, to power transactions on the network.
Solaxy is developing a Layer-2 scaling protocol for the Solana blockchain to reduce congestion and prevent failed transactions. Its native token, SOLX, will power transactions on the network. Solaxy tokens have passed through multiple price stages. SOLX tokens are currently priced at $0.00157 each, although each new funding milestone triggers a slight price increase.
For those looking to participate, the presale accepts ETH and USDT payments, with credit/debit card options for those new to crypto. Additionally, presale buyers can take advantage of a bonus based on their investment amount. Though Solaxy has yet to announce the final presale price and launch date, interested investors can follow its development through its website and social media channels. Solaxy aims to tackle one of Solana’s biggest pain points: network congestion. The protocol works by moving transactions off the main Solana chain and processing them on a dedicated Layer-2 network – reducing the load on Solana’s infrastructure. This approach employs a rollup architecture that bundles multiple transactions together before settling them back on Solana’s mainnet. The aim is to allow for higher transaction throughput. Solaxy also emphasizes interoperability. It’s designed to bridge the gap between Solana and Ethereum, allowing users to move assets between the two blockchains. Solaxy’s team hopes this will open up possibilities for cross-chain applications and DeFi integrations
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