๐ช๐ตat it is:
A Layer-2 built on Solana to make transactions faster, cheaper, and smoother. It uses roll-ups and supports cross-chain bridging (Solana โ Ethereum).
What SOLX token does:
โข Pay fees on Solaxy
โข Staking rewards
โข Governance votes
โข Used in cross-chain transfers
Token info:
โข Total supply: ~138B
โข Raised $15Mโ$19M in presale
โข Audited by Coinsult
Tech features:
โข L2 mainnet launched July 7, 2025
โข Has its own bridge + block explorer
โข Designed for high-speed dApps & meme launches
Risks / Issues:
โข Price dropped ~23% after launch
โข Users report wallet/claiming problems
โข Claims of scam/rug concerns on Reddit
โข Token supply concentrated in few wallets
Solaxy has strong tech ideas, but high risk due to user complaints, token concerns, and price volatility.
Good for high-risk traders, not beginners.
#market #Crypto #Solaxy #SolaxyLayer2Launch $SOL
