{"id":619340,"date":"2025-01-18T10:14:47","date_gmt":"2025-01-18T10:14:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619340"},"modified":"2025-01-20T11:24:35","modified_gmt":"2025-01-20T11:24:35","slug":"solana-closes-on-all-time-high-as-first-layer-2-sol-project-smashes-11m-in-presale-funds","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-closes-on-all-time-high-as-first-layer-2-sol-project-smashes-11m-in-presale-funds","title":{"rendered":"Solana Closes On All-Time High As First Layer-2 SOL Project Smashes $11M In Presale Funds"},"content":{"rendered":"
Solaxy ($SOLX)<\/a>, the first Layer-2 built on Solana ($SOL), has raced past $11 million in presale funding after adding another $1 million in the past few days. <\/p>\r\n\r\n\r\n\r\n With an average daily run rate of approximately $343,750, the project is clearly attracting increasing attention from investors and gaining momentum as it approaches the second month of its fundraising campaign.<\/p>\r\n\r\n\r\n\r\n Solaxy is looking to hop on the $SOL bull run, which just hit weekly highs, and cruise its way to $12 million within the next week. And early investors realizing the opportunity of holding the next Solana can get $SOLX at $0.001604<\/a> at the current stage of its presale, but that price is set to increase soon with the next funding stage starting in under two days.<\/p>\r\n\r\n\r\n\r\n Solana’s $SOL used to trade 39,909.61% below its current value, but with high throughput, low latency, and low fees, it became a building ground for new dApps that sparked the demand for $SOL. Now, Solaxy is building on that success, taking Solana to the next level with even more scalability and innovation.<\/p>\r\n\r\n\r\n\r\n If you’re looking to get in early, now is the time. Don’t miss the chance to grab $SOLX before the price goes up and the presale window closes.<\/p>\r\n\r\n\r\n\r\n Like most altcoins, Solana’s price action in recent weeks has mirrored that of Bitcoin ($BTC). When Bitcoin spiked to $100,000 on January 6, only to quickly dip below that level and then trade lower for the next nine days, Solana’s movement was nearly identical. $SOL dropped from over $212 and traded below $200 until Thursday.<\/p>\r\n\r\n\r\n\r\n As $BTC is back above $100,000, $SOL has also regained ground to trade at $253.53 at the time of writing, just 5.5% short of its all-time high after surging 36% in the past 24 hours.<\/p>\r\n\r\n\r\n\r\n Source: TradingView<\/em><\/p>\r\n\r\n\r\n\r\n Solana has earned the nickname “Ethereum killer” thanks to its superior scalability, faster transaction speeds, and significantly lower fees compared to Ethereum. While the idea of Solana fully replacing Ethereum is still up for debate, Ethereum’s massive developer ecosystem, more decentralized structure, and ongoing upgrades make it difficult for any competitor to overtake it in the near future.<\/p>\r\n\r\n\r\n\r\n That said, Solana is outpacing Ethereum in at least one area: DEX volume. According to data from DefiLlama, Solana leads all chains with $113 billion in DEX volume, compared to Ethereum’s $73 billion.<\/p>\r\n\r\n\r\n\r\n Dexs – DefiLlama<\/a><\/p>\r\n\r\n\r\n\r\n Yet, for Solana maximalists, there are still areas for improvement. One of the key challenges is the way its network verifies and tracks user accounts. To address this, the Solana community has proposed a “lattice-based homomorphic hashing function” to enhance network efficiency and speed.<\/p>\r\n\r\n\r\n\r\nSolaxy Aims To Bring Greater Scalability And Network Efficiency To Solana<\/h2>\r\n\r\n\r\n\r\n
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