Solaxy Launches Solana’s First Layer-2 Public Testnet
Solaxy ($SOLX) has raised nearly $44 million in its presale and launched the first Solana Layer-2 public testnet.
Key points:
- Token listing on major exchanges is expected within 12 days.
- Solaxy aims to enhance Solana's capabilities, addressing technical bottlenecks.
- $SOL has underperformed despite bullish market conditions; current trading around $150.
- Recent volatility attributed to a $1 billion token sale announcement by Pump.fun.
- Testnet allows users to bridge SOL, transfer assets, and deploy smart contracts.
Market influences include easing monetary policies and trade tensions affecting global risk sentiment. The launch of Solaxy may signal a significant shift for Solana's value and investor confidence.