The L2 moves transactions off the Solana mainnet for processing, therefore avoiding any network downtime, lowering the fees, and solving the issues of congestion, speed, and transaction failures. Furthermore, all transaction fees will be paid in $SOLX, benefiting the holders, while Solaxy could contribute to $SOL’s growth as well – investors are increasingly bullish on Solana itself with US president Trump launching a meme coin on the chain (Official Trump token).
$SOLX is still very cheap to get, available for only $0.001618, with 25% of all coins reserved for early supporters and rewards. What’s more, $SOLX stakers can earn 254% APY in staking rewards. The design behind purchases and staking is simple: the earlier a new holder gets there, the more they’re set to earn.
