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Layer 2 newcomer Solaxy raises $7 million in presale as Solana scaling race heats up
Solaxy, a promising Layer 2 solution for the Solana blockchain, has raised a whopping $7 million in its presale, marking another significant milestone for the project. This early success is a testament to Solaxy’s innovative approach and timing in the midst of Solana’s rapid growth.
This impressive fundraising effort was bolstered by security firm Coinsult, which audited the SOLX token and found no issues with its code. This emphasis on transparency demonstrates Solaxy’s commitment to accountability and trustworthiness.
Furthermore, the project has garnered significant attention from its community, with hundreds of new members joining its Twitter and Telegram channels daily. Notably, crypto influencers like Jacob “Crypto” Bury and YouTuber ClayBro have taken notice, fueling the hype around Solaxy. The presale’s rapid progress may be due in part to these endorsements.
Solaxy’s recent achievements are reflected in its ratings on platforms like CoinSniper and ICOBench, which further bolster its credibility. While this surge of interest can be attributed to various factors, it ultimately highlights the project’s potential as a key player in Solana’s growing ecosystem.
What could be driving Solaxy’s rapid ascent is its strategic focus on providing an indispensable Layer 2 solution for Solana, which is witnessing incredible growth and adoption. With its scalability issues well-documented, the Solana community may see Solaxy as an essential component for future development.
Despite the excitement surrounding Solaxy, investors should still exercise caution when considering this project. It’s crucial to conduct thorough research and consult with a professional before making any investment decisions.
Given Solaxy’s extraordinary presale performance, it wouldn’t be surprising if the project remains a hot topic throughout early 2025.
Source: cryptopotato.com
