{"id":4311,"date":"2024-12-17T21:22:48","date_gmt":"2024-12-17T21:22:48","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/12\/17\/new-solana-layer-2-ico-solaxy-raises-750k-in-first-72-hours\/"},"modified":"2024-12-17T21:22:48","modified_gmt":"2024-12-17T21:22:48","slug":"new-solana-layer-2-ico-solaxy-raises-750k-in-first-72-hours","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/12\/17\/new-solana-layer-2-ico-solaxy-raises-750k-in-first-72-hours\/","title":{"rendered":"New Solana Layer 2 ICO Solaxy Raises $750K In First 72 Hours"},"content":{"rendered":"<div wp_automatic_readability=\"188.11020351654\">\n\n\t\t<div class=\"telegrame_cta_content\"><div class=\"wrap\" wp_automatic_readability=\"5.3142857142857\"><div class=\"telegrame_cta_content_inr\" wp_automatic_readability=\"28.342857142857\"><p>Join Our <u><a target=\"_blank\" href=\"https:\/\/t.me\/insidebitcoins\" rel=\"noopener\">Telegram <\/a><\/u>channel to stay up to date on breaking news coverage<\/p>\n<\/div><\/div><\/div><p>New Solana Layer 2 ICO <a target=\"_blank\" href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow noopener\">Solaxy ($SOLX)<\/a> exploded on launch, surging past $750K in funds raised in just its first 72 hours.<\/p>\n<p>Solaxy is the first-ever Solana Layer 2 protocol, and investors are heavily backing the idea of a Solana token that removes the pain points of congestion, failed transactions, and scalability limitations.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>$SOLX is in the fifth stage of its presale, priced at $0.00156. The presale initial offer price was $0.001. The next price stage kicks in when the fundraising total hits $860,311, at which point the price rises to $0.001562.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Presale buyers need to move fast to get the lowest prices. They can also take advantage of token staking to earn 2,778% per annum rewards. The return is calculated dynamically so reduces as more $SOLX is deposited into the staking contract. At press time, 414,097 $SOLX had already been staked.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" data-lazy-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdhKs3fao0gdjV6X6TW1-mx_dJNvX1LtYKsMwenaFTZGIUFF9Ub09PZtoLfOek6_UEs76hFd4zQ3kKdWO3-z1g4Ele7S0ttPc5FbKy1MYHYqLGYfjCdABqqXPcSI8tutVGVctapDA?key=qISuqUdJbIF6P8m-bkz5sHCD\"\/><noscript><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdhKs3fao0gdjV6X6TW1-mx_dJNvX1LtYKsMwenaFTZGIUFF9Ub09PZtoLfOek6_UEs76hFd4zQ3kKdWO3-z1g4Ele7S0ttPc5FbKy1MYHYqLGYfjCdABqqXPcSI8tutVGVctapDA?key=qISuqUdJbIF6P8m-bkz5sHCD\" alt=\"\"\/><\/noscript><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:embed {\"url\":\"https:\/\/twitter.com\/SOLAXYTOKEN\/status\/1868449327607427515\"} -->\n<h2 class=\"wp-block-embed\">Solaxy Token Presale Offers A Fix For Solana, A Victim Of Its Own Success<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In many ways, Solana has become a victim of its own success. In 2024, Solana became the platform of choice for the launch of meme coins because of its superior architecture to Ethereum in terms of transaction throughput and lower costs \u2013 Solana is faster and cheaper than Ethereum.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Still, Solana has run into problems because literally thousands of meme coins are being launched on the chain every day, thanks to the success of no-code launchers like Pump.fun.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Solaxy doesn\u2019t just solve Solana\u2019s problems; it is a multi-chain beast that bridges Ethereum and Solana, the two most powerful and popular blockchains in the crypto industry.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As the first Solana Layer 2 in existence, <a target=\"_blank\" href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow noopener\">Solaxy token<\/a> is way ahead of the curve. Solaxy chose Solana because it recognizes its robust power and seeks to unlock its full potential.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" data-lazy-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcvqOBiybIPcx8ente7e9E-lIClH9sHGOQdErDEBJI6C7ow6xS9ue9aQ_cmhcRbaKv1KatytdJSCOP4weOk8ZcmQBi95eY-3LydihCqX_TC0RMCzZSVe320zCdGymeDOfo-R04S6Q?key=qISuqUdJbIF6P8m-bkz5sHCD\"\/><noscript><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcvqOBiybIPcx8ente7e9E-lIClH9sHGOQdErDEBJI6C7ow6xS9ue9aQ_cmhcRbaKv1KatytdJSCOP4weOk8ZcmQBi95eY-3LydihCqX_TC0RMCzZSVe320zCdGymeDOfo-R04S6Q?key=qISuqUdJbIF6P8m-bkz5sHCD\" alt=\"\"\/><\/noscript><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2 id=\"h-solx-token-is-multi-chain-to-capture-the-best-of-solana-and-ethereum-nbsp\" class=\"wp-block-heading\">Multi-Chain SOLX Brings The Best Of Solana And Ethereum\u00a0<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Solaxy isn\u2019t simply building yet another application on top of Solana; Solaxy token is a brand new application layer for Solana, with the added benefit of not just faster speeds and lower fees but the ability to leverage the liquidity and security of the Ethereum DeFi ecosystem.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In a nutshell, then, Solaxy takes what\u2019s best about Solana and enhances it in ways not previously seen. Ethereum is the undisputed main commercial rail of the crypto world, commanding by far the most DeFi and other commercial activity.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The native token of the Solaxy network \u2013 <a target=\"_blank\" href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow noopener\">$SOLX<\/a> \u2013 is multi-chain so it pulls activity and buyers from both the Ethereum and Solana chains and a path of entry into both blockchain ecosystems. There is nothing else like $SOLX in the market today.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Layer 2s have grown in importance on Ethereum despite the upgrades that developers have been implementing since the move from proof of work to proof of take.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, the changes have yet to substantively impact scaling. Still, successive improvements have now made it easier to build Layer 2s on Ethereum, which has had a negative effect on Layer 1 by reducing its fee revenue.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Although far from being the \u2018Ethereum killer\u2019 some may have hoped, Solana has nevertheless made impressive headway against the backdrop of Ethereum\u2019s scaling and cost issues. Yet, as mentioned, Solana has its own issues too.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 id=\"h-spam-transactions-are-a-plague-for-solana-but-solaxy-fixes-that\" class=\"wp-block-heading\">Spam Transactions Plague Solana And Solaxy Offers A Fix<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Congestion is the main performance issue Solana contends with, and it takes many forms. Meme coin issuance is the major culprit, leading to a surge in so-called spam transactions.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Spam transactions are often sent by bots as they attempt to get into blocks via the shortest queues, with the majority of the transactions ending up unexecuted.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Meme coins are responsible for most of this spam but there has also been spamming associated with applications like ORE \u2013 a game that mimics proof-of-work mining to send out airdrops. At one point this year <a target=\"_blank\" href=\"https:\/\/dune.com\/queries\/3967334\/6676141\" rel=\"noopener\">16% of the Solana network<\/a> was being used by ORE players.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Failed transactions are also a huge problem. Up to 25% of transactions fail on the Solana network. At one stage as many as 70% of non-vote <a target=\"_blank\" href=\"https:\/\/dune.com\/scarn_eth\/solana-tx-fail-rate\" rel=\"noopener\">transactions were failing<\/a>.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Solana developers are working on fixes. QUIC protocol, for instance, has improved reliability and the forthcoming Firedancer upgrade from Jump Crypto promises to considerably improve real-world transactions per second.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, as with Ethereum, these changes will not negate the need for Layer 2s. On the contrary, they draw attention to Layer 2s as a more immediate and reliable way to implement scaling solutions \u2013 all roads lead to <a target=\"_blank\" href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow noopener\">Solaxy<\/a>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" data-lazy-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf3Qwpf3gwxZg8JYKltC-QRj6l7gvBc4HyGztFzsY2RWtzcC9G9MPBmSK0us9U9YW49wl2rd-q9KM5Ue-rw-iIFlPNIPp1uTAUublZAEViRE9o2aZWmRjUtAsB1cYLpQd122Q1vgQ?key=qISuqUdJbIF6P8m-bkz5sHCD\"\/><noscript><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf3Qwpf3gwxZg8JYKltC-QRj6l7gvBc4HyGztFzsY2RWtzcC9G9MPBmSK0us9U9YW49wl2rd-q9KM5Ue-rw-iIFlPNIPp1uTAUublZAEViRE9o2aZWmRjUtAsB1cYLpQd122Q1vgQ?key=qISuqUdJbIF6P8m-bkz5sHCD\" alt=\"\"\/><\/noscript><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2 id=\"h-solaxy-token-could-be-the-next-1-billion-layer-2-as-a-bridge-to-the-future-of-defi\" class=\"wp-block-heading\">Solaxy Token: Potentially The Next $1 Billion Layer 2, And A Bridge To DeFi\u2019s Future<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Ethereum Layer 2s are big business. The top Ethereum Layer 2s all have market capitalizations in excess of $1 billion, such as Mantle ($4.1 billion), Arbiturm ($4 billion), Optimism ($3.3 billion), and Polygon ($1.1 billion).<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Solaxy\u2019s market-leading position as the only Solana Layer 2 makes it well-placed to be the next $1 billion market cap Layer 2, but with multi-chain compatibility across Solana and Ethereum, thereby extending and amplifying its use case proposition.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In this sense, Solaxy is not just a bridge between the two most valuable Layer 1 blockchains \u2013 it is a bridge to the future of DeFi, where Etherum\u2019s deep liquidity meets the speed and cost-efficiency of Solaxy\u2019s Solana Layer 2.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The $SOLX token presale allows interested parties to purchase today before the asset starts trading on the open market.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The latest YouTube video from the crypto expert at highly regarded crypto news and education site 99bitcoins is bullish on Solaxy. You can find the Solaxy coverage at 5:29 in the video below:<\/p>\n<noscript><iframe title=\"BEST 3 Meme Coins to Buy Now Before 2025?! (New 100X Potential Crypto!?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7usUlycZEUs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/noscript>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Here\u2019s How To Buy $SOLX Token In The Solaxy Crypto Presale<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To buy <a target=\"_blank\" href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow noopener\">$SOLX token<\/a>, connect your crypto wallet and make sure it is funded with either BNB, ETH or SOL. Those three tokens are the native assets of the three most active chains in the crypto world.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Presale contributors can also buy $SOLX token with a card or in the \u2018Upcoming Tokens\u2019 section of the innovative and easy-to-use Web3 crypto wallet <a target=\"_blank\" href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow noopener\">Best Wallet<\/a>. If you buy using Best Wallet your tokens will appear in the wallet ahead of the official claim date\/time.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As the altcoin season approaches, savvy investors are looking for coins that offer differential value by improving on existing products and aiming for mass adoption.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Solaxy fits the bill perfectly by providing developers and users with a platform to harness Solana\u2019s strengths while overcoming its limitations.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Thanks to Solaxy, the holy grail of solving the crypto trilemma by simultaneously achieving blockchain security, scalability, and decentralization is arguably now upon us.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Solaxy makes it easier to build, deploy, and interact with decentralized applications without compromising performance \u2013 that could make it one of the best value propositions in crypto right now.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep up to date with Solaxy by joining its community on <a target=\"_blank\" href=\"https:\/\/t.me\/solaxytoken\">Telegram<\/a> or <a target=\"_blank\" href=\"https:\/\/x.com\/SOLAXYTOKEN\">X<\/a>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><a target=\"_blank\" href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow noopener\">Visit the Solaxy crypto presale website<\/a><\/p>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\" wp_automatic_readability=\"6\">\n                                    <div class=\"col-12 col-md-8\" wp_automatic_readability=\"7\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO &#8211; Wall Street Pepe<\/p>\n                                    <\/div>\n                                    <!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <picture decoding=\"async\" class=\"inContentProviderSingle--img mb-3\">\n<source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png.webp\"\/>\n<img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\" data-lazy-src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\"\/><\/noscript>\n<\/picture>\n\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Audited By Coinsult<\/li>\n                                                                                                    <li>Early Access Presale Round<\/li>\n                                                                                                    <li>Private Trading Alpha For $WEPE Army<\/li>\n                                                                                                    <li>Staking Pool &#8211; High Dynamic APY<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <picture decoding=\"async\" class=\"inContentProviderSingle--img float-right\">\n<source type=\"image\/webp\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png.webp\"\/>\n<img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\" data-lazy-src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\"\/><\/noscript>\n<\/picture>\n\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n<!-- \/wp:paragraph --><div class=\"telegrame_cta_content\"><div class=\"wrap\" wp_automatic_readability=\"5.3142857142857\"><div class=\"telegrame_cta_content_inr\" wp_automatic_readability=\"28.342857142857\"><p>Join Our <u><a target=\"_blank\" href=\"https:\/\/t.me\/insidebitcoins\" rel=\"noopener\">Telegram <\/a><\/u>channel to stay up to date on breaking news coverage<\/p>\n<\/div><\/div><\/div>\n\t\t\n\t<\/div><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram channel to stay up to date on breaking news coverage New Solana Layer 2 ICO Solaxy ($SOLX) exploded on launch, surging past $750K in funds raised in just its first 72 hours. Solaxy is the first-ever Solana Layer 2 protocol, and investors are heavily backing the idea of a Solana token that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/4311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=4311"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/4311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/4313"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=4311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=4311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=4311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}