Solana launches first Layer-2, Solaxy presale secures $1M in a single day

Solaxy (SOLX) aims to alleviate congestion issues on the Solana network. The project has already raised nearly $10 million in its presale. The Layer-2 solution uses a roll-up system to improve transaction speeds. The community-centric initiative has a playful meme coin mascot, combining Pepe and Einstein. Investors can buy $SOLX using various cryptocurrencies or traditional bank cards.