On January 2, 2025, Solaxy, the first Solana scaling solution with its own coin, successfully raised over $7.6 million in its presale, indicating strong investor interest. The current price of $SOLX is set at $0.001588, with an impending price increase expected in less than 46 hours if the next funding goal of $8,174,045 is not met, requiring an additional $650,000.
More than 2 billion of the total 138 billion $SOLX coins have been staked, yielding an impressive annual staking return of 48%. Rewards are issued at a rate of 4,377.4 $SOLX coins per completed Ethereum block, with tokens reserved for the next three years.
Solaxy aims to enhance the performance of the Solana blockchain while integrating with Ethereum to provide higher liquidity and security. This dual-chain approach is designed to solve Solana's scalability issues, which have led to transaction failures exceeding 70% during peak times. By optimizing transaction flow through a sidechain, Solaxy promises faster and cheaper transactions, thereby attracting significant interest from the crypto community.