Solaxy (SOLX), the first layer-2 solution for meme coins on the Solana blockchain, has achieved a remarkable milestone by raising over $5.9 million in just 13 days after its launch on December 14, 2024. The speed of the fundraising reflects the project’s popularity, as well as the growing enthusiasm around innovative blockchain solutions that address real-world problems.
The importance of moving quickly before the end of the subscription in early 2025:
The IPO successfully raised $1 million within 3 days of its launch; 4 days later it crossed the $4 million mark, and is now approaching the $6 million mark. These rapid successes reflect the community’s confidence in the project’s ability to change the landscape of blockchain technology. You can now buy SOLX tokens at the current IPO price of $0.00158, but the price will gradually increase every few days until the IPO closes in early 2025.
An attractive feature for early investors is the opportunity to earn a huge annual staking return of 708% by staking SOLX tokens, with over 1.6 billion tokens already staked by IPO investors, reflecting their strong confidence in the project.
Solving the network congestion problem is the most important feature of the Solaxy project:
Solaxy is not your average cryptocurrency project, it takes a revolutionary approach to Solana’s congestion problem—one of the network’s most pressing problems—by directly addressing congestion issues with its own layer-2 solution. Unlike traditional layer-2 solutions that may pull resources from the main network, Solaxy improves Solana’s capabilities without harming it. By shifting transaction processing to its own technical architecture—while remaining compatible with Solana’s technical ecosystem—it allows operations to run smoothly even during peak network activity times.
Although Solana continues to attract users with its lightning-fast speed, low fees, and diverse developer tools, the network struggles to handle large amounts of data, especially meme coin transactions.
Connecting two large blockchains:
Solaxy also bridges Solana and Ethereum, bringing together the attractive features of both networks, combining the high liquidity and security of Ethereum with the speed and scalability of Solana. The project provides a robust technical ecosystem that meets the growing needs of DeFi and meme trading; this solution allows users to benefit from the high liquidity and advanced developer tools of Ethereum, while enjoying the blazing speeds and low fees of Solana.
Given these powerful features, the project offers a platform with diverse capabilities that can cater to the needs of both small investors and institutional players.
Strong community support for the project:
The success of the SOLX token offering indicates that the project has strong community support, and prominent YouTuber StockInvestor, with over 50,000 followers, has posted a video explaining how to buy SOLX tokens.
With around 20,000 followers on social media and the support of influencers like ClayBro, Solaxy has already caught the attention of cryptocurrency enthusiasts around the world; the funds raised in its IPO will be used to develop the project and support its marketing efforts to achieve greater exposure.
While it’s not clear whether SOLX will be able to replicate the success of leading meme coins like Bonk (BONK) and Pudgy Penguins (PENGU), early indications suggest it has significant growth potential. Solaxy stands out from many other projects in the crypto space by combining innovations focused on functional uses and community engagement.
What are the advantages of investing in SOLX now?
The current offering phase provides investors with a unique opportunity to purchase SOLX at the lowest possible price before the price increases in the subsequent offering phases. Given that the project provides an innovative layer 2 solution that addresses important issues facing one of the fastest growing blockchain networks, Solaxy has significant long-term growth potential.
You can keep up with the project by joining its community on X and Telegram.
