Solaxy:
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🔥 Solaxy: A revolutionary second layer project for Solana
Great success in the fundraising: The project raised over $47 million with only 5 days left before the end of the presale period and the listing of the token on centralized exchanges (CEX).
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🚀 What is Solaxy?
The first second layer solution for the Solana network, designed to enhance speed and reduce costs, while boosting scalability.
It focuses on applications that require high performance such as:
Meme coins
Blockchain games
Decentralized finance (DeFi) applications
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💡 Notable technical features:
Aggregation technology to process thousands of off-chain transactions and then record them later on the Solana blockchain.
An active test network that allows users to experience functionalities via the Backpack wallet:
Linking SOL coins
Executing smart contracts
Transferring assets
Tracking activity via Solaxy Explorer
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📈 Perfect timing amidst institutional momentum on Solana
Major investors like SOL Strategies and DeFi Development Corp have started making significant investments in Solana.
Requests have been submitted to create exchange-traded funds (ETFs) specifically for Solana.
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🔮 Promising growth potential
The project is compared to Arbitrum (a second layer for Ethereum) which reached a market cap of $1.5 billion.
With Solaxy being the only solution for expanding Solana currently, some expect the possibility of achieving multiple returns (10-50x) for early investors.#solana
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