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Solaxy ($SOLX) has barreled past $20 million in funds raised just two months after its presale launch. The first Layer-2 solution on Solana has surpassed this funding milestone, following a series of announcements on X detailing the developer upgrades that demonstrate how Solaxy is building a more scalable and interconnected blockchain ecosystem, enhancing speed, security, and seamless interaction across various blockchains. These developments, even before the official launch, strongly indicate the project’s serious approach to addressing the persistent challenges faced by its Layer-1 chain. This is why the project has raised over $2.4 million in just the last week, putting its daily run rate at $350,000. Investors can still participate in the current presale stage, which offers $SOLX tokens at $0.0011632, with approximately 15 hours left. A Solana ETF And More Trump Meme Coins Might Boost The SOL Price Solana’s price has been roc...

The Solana ecosystem faces turbulence as the market drops another 1% today. Trading volume has increased, but fear remains high in the Fear and Greed Index. February has been a tough month for crypto, starting with the trade war situation and leading to a steady decline across the industry. Solana (SOL) has taken a massive hit, plunging nearly 177% and falling below $200 after previously aiming for $300. This sharp decline has sparked questions—Is Solana finished? Are Solana meme coins done? Over the past week, Solana has lost 16%, but on a monthly scale, it shows signs of recovery, being only 3% down in the last 30 days. After recently approaching $300, Solana continues to prove its strength, creating a potential buying opportunity for those looking to enter at lower prices. As a major player in crypto, it remains one of the most traded assets. The meme coin sector on Solana has also struggled, with top projects facing heavy losses. TRUMP has dropped 30%, BONK has fallen 23%,...

With Solaxy (SOLX) token nearing the $10 million mark, its daily presale activity has reached an impressive $250,000 to $300,000 over the past 24 hours. This performance is remarkable given the slow activity across other projects, partly due to a national holiday in the United States honoring the life of Jimmy Carter. Bitcoin prices and trading volumes are down for the day, yet Solaxy has managed to soar in demand. Solaxy raises $9.5 million in ICO Solaxy (SOLX) is making waves as a new Layer-2 project on Solana, raising $9.5 million in its ICO so far. Early investors are rushing to grab $SOLX tokens at $0.001596 before the price rises in the next phase. Buying $SOLX is simple and can be done with ETH, USDT, BNB, or even bank cards. It’s also available through the ‘Upcoming Tokens’ section on Best Wallet, a popular non-custodial crypto wallet. For more information, investors can check out our guide on purchasing Solaxy tokens here. On the technical sid...

What is Layer 3 Scaling Solutions? With the growing adoption of blockchain technology and the rise of decentralized applications (dApps), scalability has become a critical focus. While Layer 2 scaling solutions have already provided a range of answers to the limitations of Layer 1, a new concept has emerged: Layer 3 scaling solutions. Layer 3 is designed to further enhance the efficiency, security, and functionality of existing blockchain ecosystems by building on top of Layer 2 solutions. But what exactly is Layer 3, and how does it work to improve blockchain scalability? Let’s dive in. The Basics: Layer 1, Layer 2, and Layer 3 To fully understand Layer 3, it’s essential to know the basics of the previous two layers. Layer 1 This is the foundational layer of a blockchain, which includes the main protocols like Bitcoin, Ethereum, and Solana. Layer 1 handles the core functionality of the blockchain, including consensus mechanisms, security, and transaction validation. However, Layer 1...

Building a decentralized exchange on Bitcoin would be a “step backward,” for example, said Bitcoin developer Super Testnet. One of the developers working on “BitVM” — a Bitcoin-based virtual machine — reiterates the tech is intended to scale Bitcoin rather than launching Ethereum-like decentralized finance applications on the network. BitVM’s whitepaper was released by ZeroSync’s project lead Robin Linus on Oct. 10 with technical support provided by pseudonymous developer “Super Testnet” — implementing BitVM’s first proof-of-concept and working on expanding BitVM’s capabilities. Upon its release, some industry pundits formed the impression that BitVM would bring DeFi to Bitcoin like what the Ethereum Virtual Machine (EVM) did for Ethereum. Lightning also fall short in the scaling department. It's nowhere near solving scalability. We need more complementary things. > this is just another defi on bitcoin attempt. Again, the motivation behind BitVM by the author was not DeFi. It ...

1inch Network is the latest decentralized Finance protocol to deploy on Ethereum layer-2 scaling platform zkSync Era. Decentralized finance (DeFi) protocol 1inch has deployed its aggregation and limit order protocols on Ethereum layer-2 scaling solution zkSync Era to tap into faster and cheaper transactions. 1inch Network is the latest of a host of Ethereum-based platform s and services to deploy on the zero-knowledge proof (zk-proof) based scaling platform . Uniswap, SushiSwap, Maker and Curve Finance have also launched on the zk-proof roll-up zkSync Era. 1inch Network co-founder Sergej Kunz highlighted the promise of the layer-2 solution as his platform joins a handful of first-movers to integrate with the zk-proof powered protocol: “As zkSync Era gains steam, 1inch users will benefit from faster and cheaper transactions.” A statement from Matter Labs CEO Alex Gluchowski, who heads up the zkSync development firm, notes that DeFi protocols have been a major factor in the uptake o...