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**New Solana Layer-2 Scaling Solution Solaxy Raises $8.9m in Presale Funding**
In a significant milestone for the cryptocurrency space, Solaxy (SOLX), a cutting-edge layer-2 scaling protocol for the Solana blockchain, has successfully secured $8.9 million in its presale funding round. This substantial injection of capital underscores the immense potential and urgency for scalable blockchain solutions like Solaxy.
As highlighted by recent data from Velo, the layer-2 market has been experiencing remarkable growth, with trends suggesting a favorable environment for projects such as Solaxy to thrive. With this significant investment, Solaxy is poised to address critical congestion issues on the Solana blockchain, thus reducing failed transactions and enhancing overall user experience.
Solaxy’s innovative approach focuses on developing an optimized layer-2 scaling protocol that not only tackles existing problems but also prepares the ecosystem for future growth and adoption. This robust technical foundation enables Solaxy to navigate challenges in the blockchain space, effectively addressing issues related to congestion and transaction failure.
As part of its commitment to transparency and community engagement, Solaxy has undergone a comprehensive audit by Coinsult, which revealed no issues with the token’s code or honeypot risks. This independent verification further solidifies trust within the community and underscores the project’s dedication to maintaining open communication and fostering a collaborative ecosystem.
With its strategic positioning in the rapidly evolving blockchain landscape, Solaxy is well-positioned to become an essential component of the Solana ecosystem, working hand-in-hand with users to optimize their experience.
Source: http://www.crypto-news-flash.com
