Solaxy ($SOLX) Explodes 70% Post-Launch: Is This Solana’s Layer-2 Breakout Moment?
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Solaxy ($SOLX) has rocketed 70% in the past 24 hours, trading at $0.001176 with a staggering $6.45 million in daily volume, CoinMarketCap data shows.
The token briefly touched a high of $0.001839, outpacing even Bitcoin’s 4% rally and Ethereum’s and XRP’s respective 8% and 10% gains. With a market cap now sitting at $120.98 million, Solaxy has outperformed the majority of cryptocurrencies.
This massive surge follows the conclusion of Solaxy’s presale on June 23, where it raised a hefty $58.58 million at a price of $0.001766 per token.
The immediate listing appears to have triggered a volatile mix of FOMO-driven buying and speculative trading, with investors scrambling to catch what many are calling the first real Layer-2 on Solana.
Why the Hype?
Solaxy isn’t just another altcoin; it positions itself as a technological answer to Solana’s well-known limitations. While Solana is praised for its high throughput, it still suffers from network congestion and failed transactions during periods of heavy traffic.
Solaxy aims to fix this by serving as a dedicated Layer-2 blockchain built specifically to supercharge Solana’s capabilities.
Source: Solaxy
At the core of its tech stack lies a rollup architecture combined with off-chain processing. Transactions are batched and optimized before being validated on Solana’s Layer-1 mainnet.
Such architecture improves both transaction speed and scalability without sacrificing security – a critical balance that few blockchains manage to achieve.
Solaxy also boasts a modular infrastructure, giving developers plug-and-play options tailored for diverse applications, whether they’re launching meme coins or complex decentralized finance (DeFi) platforms.
The Tokenomics and Speculative Buzz
As the native token powering the Solaxy network, a part of SOLX’s price surge can be attributed to its marketing promises, particularly the eye-popping claim of up to 68% APY in staking rewards.
Source: Uniswap
The post-presale listing created a classic supply-demand imbalance. As fresh capital chased limited liquidity, the price was pushed sharply upward.
A New Layer-2 Giant?
As the first Layer-2 built specifically for Solana, Solaxy enters a relatively untapped niche. Ethereum Layer-2s like Arbitrum and Optimism have already proven the value of rollups, but Solana has yet to fully explore this frontier.
Solaxy’s off-chain bundling, modular infrastructure, and focus on scalability give it a legitimate shot at redefining how developers build high-throughput dApps on Solana.
$SOLX is available for purchase on Uniswap and claims for presale participants are now also live. Simply visit the official Solaxy website for further details and connect a supported wallet like Best Wallet to dive deeper.
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