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Solaxy Combines Ethereum’s Strength with Solana’s Speed for DeFi Domination

December 19, 2024
in Crypto Updates
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It’s been beneath per week for the reason that launch of the $SOLX presale, however Solaxy’s native token is taking no prisoners. After elevating $350K in its first 24 hours, simply 5 days later, that tally has skyrocketed to $2.85M.

Crypto traders are clearly excited by Solaxy’s plan to construct a Layer 2 protocol that may construct on Solana, incorporating all its good bits and massively bettering on the place it’s been falling quick. 

Solana’s super-high transaction volumes (178.75M over the previous seven days, in accordance with DappRadar) are pushed largely by meme cash, and have resulted in some congestion points and failed transactions. 

That’s why that is nice information for crypto traders – notably these buying and selling meme cash. Solana is, in spite of everything, the platform the place the vast majority of meme cash are launched and traded. But it surely’s not simply Solana that’s set to attain.

Powered by $SOLX, Solaxy’s Layer 2 protocol is drawing a lot consideration from traders

As a multi-chain resolution, Solaxy will bridge that vital divide between the large boys of blockchain – Ethereum and Solana. And which means taking advantage of the excessive liquidity and safety that Ethereum’s DeFi ecosystem brings to the desk.

Ethereum and DeFi go hand-in-hand, with a complete worth locked of $131.42B. That stated, Solana can also be a key participant within the DeFi area – second to Ethereum, with $14.33B in whole locked worth. And that’s one of many main causes behind traders clambering to purchase $SOLX – DeFi domination is imminent. 

Solana’s DeFi TVL. Source: DappRadar
Solana’s DeFi TVL. Supply: DappRadar

Solaxy’s Meteoric Presale Is On Hearth

The $SOLX presale launched at a cool $0.001. However that was per week in the past, and the value has now risen to $0.00157. And, with a complete token provide of 138,046B, staking rewards are at present estimated at a powerful 1,239% every year.

The subsequent value stage begins tomorrow in lower than 10 hours, when the $SOLX kitty is predicted to hit the $3.132M mark. 

As for the $SOLX tokenomics, 30% has been allotted to the event of that all-important Layer 2 ecosystem, and 25% for early chook rewards. The remaining quantity is break up between the venture’s treasury (20%), advertising (15%), and itemizing the $SOLX on DEXs and CEXs (10%).

Tips on how to Purchase $SOLX

$SOLX could be purchased with $ETH, $USDT, and by credit score or debit card. $BNB is one other cost choice. However be warned, you’ll lose out on the annual staking rewards should you select to buy presale $SOLX with $BNB.

As for the cardboard cost choice, you’ll need to hyperlink your bank card to a crypto pockets earlier than making a transaction. The Solaxy web site recommends that potential traders who don’t but have a crypto pockets obtain the Greatest Pockets app . 

Greatest Pockets is an efficient selection – it’s free, safe, and affords decrease transaction charges. And, importantly, it’s a non-custodial pockets within the type of a mobile-only app. Not like many different crypto wallets that belong to centralized exchanges or corporations, Greatest Pockets provides customers full and sole management over their pockets. 



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Tags: CombinesDeFiDominationEthereumsSolanasSolaxySpeedstrength
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