Solaxy ICO Passes $28M as Industry Expert Thinks It Might Explode

Solana might be about to get even faster.

A new Layer-2 project called Solaxy (SOLX) is going viral – and with over $28 million raised in ICO, there’s real substance behind it.

One industry expert even thinks the SOLX token could explode after it lists on exchanges in the coming weeks.

Solaxy ICO Continues Growing as Expert Thinks a Post-Listing Rally Might Be Coming

Solaxy’s ICO momentum isn’t slowing down.

With hundreds of thousands of dollars being raised daily and the current stage about to end, early backers are scrambling to secure SOLX while the token is still priced at just $0.001676.

That price will rise in the next stage, and once the ICO ends, SOLX will be listed on a DEX – likely at a higher price point.

Investors can grab SOLX using ETH, USDT, BNB, or even through the Best Wallet app using a card or crypto.

Jacob Bury, one of the crypto market’s well-known experts, is bullish.

In a recent video for 99Bitcoins, he called Solaxy “very serious” and even predicted SOLX could explode after listing.

He highlights how Solaxy tackles Solana’s biggest pain points: congestion, failed transactions, and scalability.

With a Layer-2 solution that handles transactions off-chain with rollups, Bury sees serious upside for Solaxy.

And he’s clearly not the only one.

Can Solaxy Fix Solana’s Congestion Problems?

Solana might be built for speed, but in practice, it can sometimes struggle.

While the network can theoretically handle 65,000 transactions per second (TPS), real-world performance tells a different story – with some reports showing an average closer to 2,900 TPS.

During high-traffic periods, things often get messy.

This month, between 40% and 48% of non-vote transactions failed due to congestion.

This congestion, along with occasional outages and architecture bottlenecks, makes it clear that Solana could use some help scaling up.

And that’s exactly where Solaxy comes in.

Solaxy could smooth out many of these issues by bundling transactions into rollups before settling them.

It’s a clever workaround that keeps fees low and throughput high – without sacrificing security.

Plus, Solaxy is offering some solid staking incentives – 145% APY – and has already passed a full audit by Coinsult.

Layer-2 Track Record Suggests Huge Potential for Solaxy After Launch

Looking at how other Layer-2 networks have performed, there’s plenty of reason to believe Solaxy could follow a similar trajectory – especially given its early momentum.

Take Arbitrum, for example.

Since launching in 2021, it’s grown into the dominant Ethereum Layer-2, boasting over half of the sector’s total value locked.

Optimism had a massive run too, with its OP token kickstarting a colossal growth trend.

And networks like Polygon, Starknet, and zkSync have created their own spots in the market, from gaming to NFTs.

They’ve all shown that tackling real issues with Layer-2 tech can force adoption.

Solaxy’s team is aiming to do the same thing.

They’ve already built a strong community on X (Twitter) and Telegram, which is crucial for a new crypto project.

Plus, the SOLX token has received attention from crypto ratings sites like CoinSniper.

These factors, combined with the Layer-2 track record from other chains, make a strong case for Solaxy.

If the hype keeps rolling, SOLX might be in for an exciting year.

Visit Solaxy ICO

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