Since the rise of the crypto industry, Bitcoin ($BTC) and Ethereum ($ETH) have been the dominant names in the market. However, in 2022, Solana ($SOL) emerged as a strong competitor, surpassing both in various aspects. Following a significant increase in value after the collapse of FTX, $SOL outperformed $BTC and $ETH on numerous days, attracting more capital inflow. The surge in meme coin activity on the Solana blockchain contributed to this growth, driving $SOL to an all-time high. Despite its success, $SOL has faced price declines due to network limitations. To address these issues, Solaxy, a layer-2 scaling solution for Solana, aims to reduce congestion and offer lower trading fees. The introduction of the $SOLX token through a presale has garnered significant interest, with expectations of substantial growth. Interested investors can participate in the presale on the Solaxy website using various payment methods, but caution and research are advised before investing. Read more AI-generated news on: https://app.chaingpt.org/news