Solaxy, the first-ever Layer 2 blockchain for Solana, is making huge waves in the crypto market.
With its presale now raising a remarkable $9.5 million, Solaxy ($SOLX) is poised to end up being an essential gamer in resolving a few of Solana's most significant difficulties. By using ingenious options on Solana to boost scalability, blockage, and deal effectiveness, Solaxy is redefining what's possible in blockchain innovation.
Presently priced at $0.001596 per token, $SOLX provides an interesting chance for early financiers to sign up with the task at its most affordable presale cost. As need continues to grow, the rate will increase incrementally, making this a limited-time deal for those wanting to profit from its capacity.
Why Solaxy Stands Out in the Blockchain Space
Solana is a high-performance blockchain renowned for its lightning-fast deal speeds and low expenses. According to Chainspect, Solana likewise holds the record for processing the greatest TPS (Transactions per Second)– taping 7,229 TPS back in 2020.
The Solana network has actually just used a little portion of its theoretical optimum capability of 65,000 TPS. Solana's efficiency is restricted due to scalability constraints, and the efficiency is constrained throughout durations of high traffic– causing network traffic jams and downtime.
Solaxy was created to deal with these restrictions. Solaxy engages in off-chain processing by unloading deals to the L2 network. This minimizes the information problem on Solana's L1 network– resulting in lightning-fast and smooth deals. By dealing with deals off-chain, Solaxy likewise gets rid of downtime, ensuring continuous service throughout network rises.
It even more enhances scalability through deal bundling, which groups deals together for more effective processing. With its modular facilities, Solaxy permits designers to develop tailored dApps and enhance their efficiency. Its boosted scalability is especially matched to deal with the high deal volumes produced by meme coins and comparable usage cases.
These developments will make Solana much better geared up to manage growing need throughout DeFi, video gaming, and NFTs.
A Bridge Between Solana and Ethereum
Another essential function of Solaxy is that it uses multi-chain interoperability– integrating the advantages of both Solana and Ethereum under one roofing system.
While Solana provides unrivaled speed and expense performance, Ethereum provides unrivaled flexibility and security. It powers a huge community, consisting of DeFi, NFTs, and Web3 platforms, making it the foundation of the decentralized web.
Therefore, Solaxy's vision extends beyond enhancing Solana– as it intends to link blockchain environments. Solaxy leverages Ethereum's liquidity and security while preserving Solana's efficiency benefits. This dual-chain method broadens Solaxy's reach, permitting designers and financiers to gain from the very best of both environments.
Produce Up to 367% Annual Yield
Among the standout functions of Solaxy is its staking system, which permits financiers to make a rewarding yearly portion yield (APY) of approximately 367%. Currently, more than 3.1 billion $SOLX tokens have actually been staked, highlighting the strong self-confidence the neighborhood has in the job.
