The post Solaxy ICO Passes $28M as Industry Expert Thinks It Might Explode appeared on BitcoinEthereumNews.com.

Solana might be about to get even faster. A new Layer-2 project called Solaxy (SOLX) is going viral – and with over $28 million raised in ICO, there’s real substance behind it. One industry expert even thinks the SOLX token could explode after it lists on exchanges in the coming weeks. Solaxy ICO Continues Growing as Expert Thinks a Post-Listing Rally Might Be Coming Solaxy’s ICO momentum isn’t slowing down. With hundreds of thousands of dollars being raised daily and the current stage about to end, early backers are scrambling to secure SOLX while the token is still priced at just $0.001676. That price will rise in the next stage, and once the ICO ends, SOLX will be listed on a DEX – likely at a higher price point. Investors can grab SOLX using ETH, USDT, BNB, or even through the Best Wallet app using a card or crypto. Jacob Bury, one of the crypto market’s well-known experts, is bullish. In a recent video for 99Bitcoins, he called Solaxy “very serious” and even predicted SOLX could explode after listing. He highlights how Solaxy tackles Solana’s biggest pain points: congestion, failed transactions, and scalability. With a Layer-2 solution that handles transactions off-chain with rollups, Bury sees serious upside for Solaxy. And he’s clearly not the only one. Can Solaxy Fix Solana’s Congestion Problems? Solana might be built for speed, but in practice, it can sometimes struggle. While the network can theoretically handle 65,000 transactions per second (TPS), real-world performance tells a different story – with some reports showing an average closer to 2,900 TPS. During high-traffic periods, things often get messy. This month, between 40% and 48% of non-vote transactions failed due to congestion. This congestion, along with occasional outages and architecture bottlenecks, makes it clear that Solana could use some…

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Filed under: News - @ March 28, 2025 6:19 am