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Solaxy ($SOLX), Solana’s newest and most faithful project yet, has come out with its latest update that could change the way Web3 apps and tokens interact across blockchains.
Keep reading to learn more about Solaxy’s Hyperlane announcement, what it means for Solana and altcoin enthusiasts, and why it could benefit the Solaxy presale and help it achieve the magical $50M mark.
Solaxy Revolutionizes Cross-Chain Support with New Hyperlane Integration
It’s worth noting that traditional bridging, which means transferring tokens from one blockchain to another, is a slow and complex process.
That’s where Solaxy begs to differ, though.
With Hyperlane’s cutting-edge modular and permissionless architecture, Solaxy will build an entirely new type of bridge that connects Solana, Solaxy, and Ethereum flawlessly.
This will be a first-of-its-kind Layer 2 bridge experience for Solana users, providing low latency (better speeds), improved affordability, and enhanced user experience.
For developers and users on Solana, transferring tokens between the two blockchains would be as easy as using a regular app.
Solaxy Aims to Help Solana Grow Bigger and Better
Solana’s development is Solaxy’s core mission. That’s what this new crypto with an Einstein-ified Pepe the Frog as its face card is all about, in fact.
$SOLX’s Hyperlane integration will help Solana plug directly into Ethereum, a blockchain with deep liquidity and a vast dApp ecosystem, helping it grow beyond its limitations (solving issues like limited scalability and network congestion).
The launch of the $TRUMP and $MELANIA tokens earlier this year brought in a flurry of new investors to Solana.
But, despite being a meme coin-friendly blockchain, it wasn’t prepared for the sudden spike in transaction requests. Which led to numerous failed transactions and massive congestion.
Solaxy plans to remedy that, however, by building the first-ever Layer 2 scaling protocol on Solana. It will bring back the network’s glory days by increasing its efficiency and scaling it to higher levels.
The project will offload a significant number of transactions onto a sidechain (L2) through its roll-up technology, easing the pressure off Solana’s L1.
The L2 will also implement batch processing, executing transactions in bulk, instead of one by one.
This will reduce the cost per transaction, making Solana an ever more affordable blockchain for crypto and meme coin degens.
By bridging to Ethereum and Solana using Hyperlane, Solaxy becomes more than just a scaling tool.
It’s a full-blown interoperable hub, allowing seamless crypto transfers between the most popular blockchains in the world.
One Multi-Chain Token, Several Use Cases
Thanks to its compatibility with multiple chains (Solana and Ethereum), Solaxy’s scalability and speed can be used to power high-frequency dApps, too. These include:
- Gaming ecosystems looking for real-time interactions
- Meme coin and microtransaction platforms
- Custom-built financial applications that need low latency and improved affordability
And consider the fact that Ethereum is the second-most popular blockchain for dApps after BNB, with over 5K dApps live right now (10x more than Solana).
Which brings us to the kicker: Solaxy’s Hyperlane bridging between its blockchain, Solana, and Ethereum, could be much more impactful than at first glance.
$SOLX, as Solaxy’s token, should receive much much of this boost and keep growing at an accelerated rate as a result.
Solaxy’s Record-Breaking Presale Performance
As Solaxy’s real-world application keeps growing, $SOLX investors should receive the lion’s share of the benefits.
$SOLX is currently in presale, having already raised an eye-watering $47.1M in early investor funding.
Each token is currently priced at just $0.001752, and given Solaxy’s wild future potential – it could explode 11,300% and reach $0.20 by 2026 – this is an almost unbelievably good deal you’re getting on Solaxy right now.
For further help, check out our full explainer on how to buy Solaxy.
Disclaimer: A crypto token’s potential notwithstanding, kindly bear in mind that the market doesn’t guarantee any returns. This article isn’t financial advice, and we urge you to do your own research before investing.
