TechFlow news, May 5 — According to 99Bitcoins, Solaxy, the first Layer-2 scaling solution for the Solana ecosystem, has raised over $33.1 million in its presale, with more than $1 million in new funding added weekly.
Solaxy aims to address congestion issues on the Solana mainnet, targeting a throughput of 10,000 transactions per second (TPS). The project launched its block explorer last month and is continuously optimizing its SDK development tools. The current presale price for $SOLX tokens is $0.001714, and investors can participate via the official website to earn up to 121% annualized yield through staking. Meanwhile, Bloomberg Intelligence predicts a 90% chance that a Solana ETF will be approved this year.
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