Solaxy ($SOLX) has reached uncharted territory by becoming the largest Solana ICO to ever take place, having raised $32 million.
It’s raising money to build the world’s first Solana layer 2 blockchain, but it’s not the only horse in the Solana scalability race. While Solaxy follows the playbook of Ethereum layer 2s like Base, Arbitrum, and Optimism, another project called Solayer is building a Solana side chain, similar to Ethereum’s Polygon.
Like Solaxy, Solayer is on fire right now, having gained 120% in the past month. But looking ahead, experts are predicting that Solaxy will come out on top.
The project’s early stage, robust technical implementations, and unrivalled launch momentum are generating a serious buzz among analysts.
Investors still have an opportunity to buy in early with the Solaxy presale ongoing. It’s currently priced at $0.00171, but this will rise throughout the campaign, with the next increase in under two days.
Delivering 10,000 TPS to Solana with Rollup Technology
Solaxy aims to unlock “infinite” scalability through rollup technology, providing faster, cheaper, and more reliable transactional throughput within the Solana ecosystem.
Despite the presale ongoing, the Solaxy team has already made a real impact with its developments. Most recently, they launched the Solaxy test network and successfully completed 1 million transactions. They occurred at a rate of 16 transactions per second (TPS), but the team aims for 10,000 TPS once the main network goes live.
This will be substantially faster than Solana, which is capable of up to 6,500 TPS. It’s also faster than all Ethereum layer 2 blockchains. Base is considered the fastest with a record of 400 TPS.
Yet, following the Ethereum layer 2 playbook, Solaxy will report transactions back to the Solana layer 1 network for finality. This means users will retain Solana’s security and permanence while benefiting from this heightened scalability – it’s the best of both worlds.
In contrast, Solayer operates similarly to Polygon in that settlement occurs on the side chain. While both Solayer and Polygon offer heightened scalability compared to their layer 1 counterparts, the major drawback is that they’re not guaranteed the same grade of security and permanency as Solana or Ethereum.
Another benefit Solaxy poses over Solayer is that the $SOLX token is available on both the Ethereum and Solana networks. This means that it has exposure to a much deeper liquidity pool, which could draw more investment and enable its price to rise faster.
Lastly, while Solayer is worth $650 million and has been trading on exchanges for two months, Solaxy has yet to launch on exchanges and has raised $32 million so far. Put differently, Solaxy is earlier in its life cycle, so it could have more room for growth.
Expert Tips $SOLX to Surge 50x
If Danjo Capital Master’s analysis is any indication, Solaxy is one of the most promising cryptocurrencies on the market.
The analyst went viral for a recent deep-dive video in which he predicted that $SOLX could see a whopping 50x gain after listing on exchanges. So far, the video has amassed 47K views.
Countless other prominent analysts and media outlets have also picked up on the project. Cointelegraph, CryptoPotato, and Crypto Daily are among those to feature it recently.
With a strong use case and increasing media coverage, this current $SOLX presale rate could well be the lowest price investors can ever buy it for again.
Final Chance to Buy $SOLX at $0.00171
With the Solaxy price increasing in under two days, prospective investors should not wait around to get involved.
The team’s active efforts to develop the Solaxy test network have only increased investor confidence, and that’s driving more capital into the presale. Adding to this, the project has been audited by Coinsult, who found no issues with its code.
Trust is scarce in crypto, especially among newer projects. However, Solaxy has done everything right so far, which is massively benefiting its credibility.
Everything is in place for its success to continue in the months ahead, potentially leading to strong gains for $SOLX presale investors. But with a rising presale price and favorable market conditions, time is running out to secure an early seat at the table.
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