Solaxy Presale Hits $22 Million, Aims to Enhance Solana's Scalability with Layer-2 Solution

Solaxy (SOLX), a layer-2 scaling solution for the Solana blockchain, has garnered significant attention, raising $22.7 million in its presale since launching on December 12th. This project aims to address Solana's network congestion issues by processing transactions off-chain, potentially boosting transaction speeds and reducing costs. Currently priced at $0.001642 per token, SOLX plans to list on a DEX after the presale, allocating 10% of its supply for liquidity. A recent audit by SolidProof found no vulnerabilities in Solaxy's smart contracts. VanEck forecasts Solana's market share to grow to 22% by the end of 2025, and Solaxy aims to contribute to this growth by improving Solana's scalability.