Solaxy ($SOLX) and Bitcoin Hyper ($HYPER) are making waves in the cryptocurrency market with their advanced Layer-2 technology. Solaxy raised a total of $49 million in funding. Bitcoin Hyper provides incredibly fast transactions with very high staking rewards. Both projects have primarily focused on solving scalability and efficiency challenges in their respective blockchain ecosystems.
These shifts underscore the growing appetite for Layer-2 solutions that make existing cryptocurrencies faster, cheaper and easier to use. Investors are actively seeking out projects that increase the speed of transactions and reduce overall costs. Beyond that, they look for additional utility, such as staking and other features.
Solaxy Achieves $49 Million in Funding
After weeks of successful funding, Solaxy ($SOLX), Solana’s first Layer-2 solution, has raised a tremendous $49 Million. This financial support is a testament to the tremendous market confidence in Solaxy’s ability to improve the Solana network. Today’s announcement indicates the project is planning to use Solana’s Virtual Machine to ensure a quicker, less costly transaction every time.
With just 69 hours left in its presale, Solaxy is turning heads and making big waves among presale investors. Funding is already piling up quickly as anticipation mounts for the program’s launch. People are expecting it to bring huge benefits to the Solana ecosystem.
Retaining all mashups and interactions on Solaxy’s Layer-2 architecture solves the scalability challenges associated with the base-level Solana blockchain. It allows users to enjoy a convenient and inexpensive experience. The project’s emphasis on utilizing Solana’s Virtual Machine makes for straightforward compatibility and adoption by current Solana-based applications.
Bitcoin Hyper Introduces Fast Transactions and Staking Rewards
Bitcoin Hyper is quickly becoming one of the most advanced Layer-2 solutions for Bitcoin, providing ultra-fast transactions and up to 100% staking rewards. The initiative will help address the current transaction speed constraints on Bitcoin, giving users a more efficient means to make transactions. Bitcoin Hyper is able to process 3500 times more transactions per second than Bitcoin.
"It's a match made in heaven ⚡️⚡️$HYPER is about to change EVERYTHING 🔥https://t.co/yzXqAckjDw pic.twitter.com/7kyNLYBeLD" - Bitcoin Hyper (@BTC_Hyper2)
The platform does get you a whopping 646% staking reward! This amazing incentive is what brings the users of a network to contribute to its security and stability. This initially high staking reward is meant to incentivize early adopters. In addition, it entrenches a committed and ever-expanding community around the Bitcoin Hyper ecosystem.
Bitcoin Hyper's Layer-2 Utility and Token Allocation
Bitcoin Hyper ($HYPER) is putting a spotlight on its heavy Layer-2 utility with the Canonical Bridge. This groundbreaking feature allows for the frictionless transfer of assets between Bitcoin and its Layer-2 ecosystem. This bridge is immensely important for expanding interoperability and providing seamless movement of assets.
The project’s smart token allocation strategy is a testament to its desire for long-term growth and sustainability. 30% of the tokens are set aside for developing and enhancing the platform. 20% go to marketing, 15% to staking rewards and 10% to exchange listings.
This thoughtful token distribution strategy is designed to fuel long term development, raise market awareness, attract user participation and liquidity. Innovation, development, utility, and accessibility are the four pillars that Bitcoin Hyper aims to promote through their investments—strengthening the ecosystem, the network, and the currency itself.
