What is Solaxy?
Solaxy is a Solana-based Layer 2 scaling solution focused on enhancing transaction speed, reducing costs, and improving scalability for dApps. Its native token, SOLX, is utilized for transaction fees, staking, and governance. The project raised over $1 million in its December 2024 presale and plans to integrate multi-chain capabilities to support DeFi and dApp growth.