Solaxy Presale Nears Completion with Over $25.7 Million Raised Amid Solana Upgrade Proposals

The Solaxy presale, a Solana scaling solution, has garnered significant interest, raising over $25.7 million. The next presale round, which includes a price increase, is set to conclude soon. Currently, $SOLX coins are priced at $0.001658, but this opportunity will end within six hours or when the next funding goal is reached, which is less than $500,000 away. This interest coincides with Solana validators voting on two key upgrades, SIMD 0123 and SIMD 0228, aimed at enhancing the network. SIMD 0123 proposes redirecting priority fees to stakers, while SIMD 0228 aims to reduce inflation by adjusting staking rewards. Solaxy aims to improve Solana's reliability during high demand by processing transactions off-chain. Solaxy is developing a rollup infrastructure to ensure faster transactions, lower fees, and better on-chain data storage. Multi-chain wallets are now supported, and plans for a token launchpad are underway. Solana is currently trading at $127, facing recent corrections after initial gains from the announcement of a crypto reserve. Despite this, the long-term outlook remains positive, with the U.S. potentially becoming a leading crypto hub.