Popular crypto YouTuber Casperer shared a review of Solaxy, the first Layer 2 solution built on Solana, highlighting its ongoing presale and native token, $SOLX. In a short time, Solana has become a standout project known for its innovation and rapid growth in the blockchain space.
Unlike Bitcoin, which is often seen as digital gold, or Ethereum, known for its programmable smart contracts, Solana distinguishes itself through exceptional speed and low costs. Capable of handling over 65,000 transactions per second—significantly surpassing the capabilities of Bitcoin and Ethereum.
What makes it even more appealing is its ultra-low transaction fees, often costing just a fraction of a cent. This efficiency makes the network particularly suitable for high-volume use cases like gaming, payments, and NFTs.
At its core, Solana is a layer 1 blockchain built to support scalable applications without the delays or high gas fees commonly seen on other chains.
It uses a novel consensus mechanism known as Proof of History, which allows transactions to be processed in parallel rather than sequentially—one of the key reasons behind its remarkable performance.
Although Solana stands out for its impressive speed and minimal transaction costs, it faces a few notable challenges. A major concern lies in its relatively centralized structure, driven by high validator requirements that can restrict broader decentralization.
Additionally, the network has experienced multiple outages and periods of instability, raising questions about its long-term reliability. Its developer ecosystem is still growing, which can limit access to development tools and community resources.
That’s why Solaxy—a new crypto currently in presale—aims to tackle some of these bottlenecks within the Solana ecosystem. Built as a Solana Layer 2 solution, Solaxy is designed to leverage the network’s speed and scalability while enhancing trading efficiency and supporting high-volume meme coin activity.
Below is a detailed breakdown of what Solaxy has to offer and why it’s being recognized by crypto experts as one of the best meme coins to buy now.
Source – Casperer on YouTube
Solaxy’s Strategic Updates and Progress Towards Unlocking Solana’s Full Potential
Solaxy itself is described as the next evolution of blockchain technology within the Solana ecosystem, aiming to resolve long-standing issues such as network congestion and failed transactions while maintaining high efficiency, security, and scalability.
Solaxy introduces a next-generation framework aimed at fully harnessing the power of the Solana network. Solaxy’s recent updates showcase significant progress in improving both performance and user experience.
On March 25th, the team integrated a new sequencer from the Sovereign SDK, enabling soft confirmations that provide faster validation before rollup processing. This update also facilitates a smoother transition between basic and soft confirmation kernels.
The team continues to optimize rollup performance, collaborating with Sovereign on a new caching mechanism to boost transaction speed and increase overall transactions per second (TPS), while reducing overhead through refined serialization and deserialization.
Additionally, Solaxy is enhancing security in testnet conditions by fine-tuning its validator setup in collaboration with Hyperlane. The April 15th update announced the upcoming release of the Solaxy Block Explorer on April 19th.
Further analysis showed that Solaxy can sustain 140KB/s on Solana’s mainnet, enabling faster data storage and improved user experience. The team is also targeting 10,000 TPS for rollup performance and resolving bugs related to the rollup’s alignment with native Solana L1 behavior in UIs.
Solaxy’s $SOLX Token Presale: Early Investors Get the Best Deal Before Market Launch
The native token of Solaxy, $SOLX, is currently available in presale, offering early investors the opportunity to buy at its lowest price before it hits the market. So far, the presale has raised an impressive $30.6 million, with each token priced at $0.001698.
Purchasing $SOLX is simple and flexible—investors can buy using a credit card or through various cryptocurrencies, with support for popular wallets. We recommend Best Wallet, which allows users to buy, sell, send, and receive crypto across more than 60 blockchains.
This early access is being promoted as a chance to generate significant returns, especially with the option to stake $SOLX for passive income yields exceeding 132% annually—though it’s noted that returns decrease over time.
Tokenomics for $SOLX includes a total supply of 138 billion tokens, with allocations as follows: 20% for the treasury, 15% for marketing, 25% for community rewards, 10% for exchange listings, and 30% for project and ecosystem development.
The project emphasizes transparency, having passed a smart contract audit by Coinsult. After the presale, the token will be launched on several networks and listed on both centralized and decentralized exchanges.
Interested investors are urged to act swiftly, as Solaxy is set to establish itself as a key player within the Solana ecosystem. To take part in the $SOLX token presale, visit solaxy.io.