New Solana Layer-2 Scaling Solution Solaxy Raises $8.9M in Pre-Sale Funding – Blockchain News, Opinions, TV and Jobs

Jakarta, Indonesia, January 7, 2025, Chainwire

Sollax (Solex)a new Layer 2 metering solution designed to address Solana network congestion, has secured $8.9 million in pre-sale funding.

This milestone comes at a time when Solana is experiencing transaction failures – data shows that on some days, more than a third of non-voting transactions fail to complete.

Solaxy aims to address scaling issues faced by Solana amid increasing pressure on the network

Solana’s increasing adoption has presented notable challenges.

As activity on the network increased, users experienced delays and transaction failures, especially during periods of high demand. The surge in coin trading and automated bot traffic has pushed the network to near breaking point – with failure rates skyrocketing up to 50% During peak periods.

Solaxy aims to address these issues.

This new layer 2 solution addresses Solana’s scaling issues by processing off-chain transactions, aggregating them, and settling them back on the Solana mainnet. This approach mitigates congestion while maintaining basic network security, inspired by other successful Layer 2 solutions, such as Base and Arbitrum.

The main advantage of Solaxy is its ability to keep your network running smoothly, even during heavy traffic. According to the project white paperits transaction aggregation mechanism is designed to handle large volumes generated by cryptocurrency trading and DeFi activity.

These are two of the biggest sources of pressure on Solana. Ultimately, it’s about ensuring Solana can handle whatever the market throws at it.

The SOLX token strengthens the Solaxy ecosystem through governance and ownership rewards

employment Solaxy The ecosystem is SOLX, the project’s native utility token. Beyond its role in facilitating network functions, SOLX is an integral part of governance and ownership within the ecosystem.

Currently available exclusively during the pre-sale phase of the project, SOLX codes It has raised more than $8.9 million to date. Priced at $0.001592 during the pre-sale, tokens can be purchased using different cryptocurrencies or through card payment by linking a cryptocurrency wallet.

While pre-sale remains unlimited, the team has outlined a transparent structure for token allocation.

10% of the total supply will be allocated to exchange listings after the pre-sale, while 30% will be allocated to the ongoing development of the network.

Pre-sale participants have the opportunity to interact with the ecosystem instantly through rewards offered during the pre-sale. To date, more than 2.9 billion SOLX tokens have been locked for storage. The Solaxy team has been introduced Betting bonuses During the pre-sale period, more than 2.9 billion SOLX tokens were already locked.

These rewards will be distributed over three years and will be claimable once SOLX is officially launched on the open market.

Tier 2 Market Trends and Solaxy Location in 2025

Layer 2 solutions continued to gain momentum in early 2025, with data from Filo Indicating Consistent value growth across the sector. This trend highlights the favorable market environment for projects like Solaxy. Solaxy is strategically positioned to benefit from two key developments: the continued expansion of the Solana ecosystem and the growing demand for scalable blockchain solutions.

Unsurprisingly, the project received a lot of attention on social media.

The project has already fostered active communities on platforms such as twitter and cableThis reflects its commitment to engaging with users and building a collaborative ecosystem.

https://youtu.be/KKes-oruIno?si=VjeyWgHYWOm04zc0

Coverage from platforms such as 99 Bitcoin – And up-to-date list on CoinSniper – Contributed to the emergence of the project.

In addition, the SOLX token has been audited before Quinsultwhich did not identify any tokenization issues or honeypot risks. This reinforces Solaxy’s dedication to maintaining transparency and trust within the community.

With its strong technical foundation and Solana performance enhancement strategy, Solaxy is positioned to address critical challenges in the blockchain space.

About Solaxy (SOLX)

Solaxy It is developing a Layer 2 scaling protocol for Solana Blockchain to reduce congestion and prevent failed transactions. Its native token, SOLX, will power transactions on the network.

Users can visit Solaxy here.

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Solaxy
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