Solaxy ($SOLX) has just broken new ground by launching the first-ever Solana layer 2 blockchain in its test network phase.
It has successfully executed 1 million transactions, marking a major leap toward scaling the Solana ecosystem.
This comes as the $SOLX presale raise crosses the $30 million mark, with over $200K coming in the past day. It appears that investors are becoming even more bullish after the test net launch.
Leading industry analysts have also started paying close attention, and chatter of 100x gains is becoming louder.
But there’s still time for investors who have yet to buy. The $SOLX presale is ongoing and currently priced at $0.001702, but this will rise throughout the campaign, with the next increase in under two days.
Solaxy layer 2 test net goes live with 1 million transactions
Solaxy successfully deployed its test network on 19 April with 1 million transactions. It launched at a speed of 16 transactions per second (TPS), but the latest developer update reveals that the team is targeting 10,000 TPS. For reference, Solana is capable of 6,500 TPS.
While Solaxy uses the same virtual machine framework as Solana, it integrates roll-up technology to operate at a higher bandwidth.
The test network announcement proved a hit with community members, with over 300 likes and 100 retweets on the X post.
The launch is crucial for the Solaxy community, confirming that the team is dead serious in its pursuit of scaling Solana and elevating the ecosystem to new heights.
While Solana is already scalable, the incredible levels of user activity it faces can result in congestion issues, especially when there’s a sudden surge in demand. This leads to longer wait times and even transaction failures.
Solaxy is solving this problem so that Solana can continue operating flawlessly, even during peak network activity periods.
Next up: Solaxy team eyes bridge, IDE launch
Solaxy devs aren’t putting their feet up – they’re working on the next product launch: a native bridge. This will allow users to seamlessly transfer tokens between Solana and Solaxy from the same wallet.
Solana is the most active blockchain this month, with over 80 million users. The Solaxy bridge will allow these people to make cheaper, faster, and more reliable transactions, which could well attract a large portion of Solana’s user base.
The team also plans to launch its integrated developer environment (IDE) soon, allowing blockchain builders to create apps within the Solaxy ecosystem. Due to its heightened transactional capabilities, developers could even build products that aren’t possible on Solana, such as high-frequency AI bots or applications connected to the real world like micropayment rails.
Solaxy’s possibilities are endless, and experts are awakening to its potential. In a recent YouTube video, RJ from the Cryptonews YouTube channel said the project could give 100x gains.
Meanwhile, Alessandro de Crypto went even further and said it could yield 1,000x returns.
Indeed, it’s rare for a project to give gains of this magnitude, but Solana did a 250x last cycle. So considering Solaxy’s improvements for the ecosystem, it’s unsurprising that analysts are bracing for extraordinary growth.
Under 2 days to buy $SOLX at $0.001702 before price increase
There are under two days for investors to secure the current presale price of $0.001702.
For those who want to buy, simply visit the Solaxy website, connect your wallet, choose the crypto you want to pay with, and the amount you want to buy. It’s also worth noting that investors can buy $SOLX using both the Solana and Ethereum blockchains.
Prospective investors can also rest assured that the project is safe and secure. Not only has it publicly launched its test network and received positive coverage from well-known analysts, but it has also received a smart contract audit from Coinsult, which found no issues with its code.
Solaxy is in an exciting spot right now. Its fundamental developments all point to substantial growth once it lists on exchanges – but investors still have an opportunity to buy at a ground floor price.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.
