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With the recent drawdowns on the crypto markets, one project is holding up pretty well. This is the answer to the future L1, polymerization between Cosmos-Ether ecosystems.
On the other hand, is another prominent actor who is very strong in this bull run. At any chance that the crypto market sees an opportunity to pump, those players don’t hesitate to benefit from it.
The Battle Between KAVA and Solana Crypto
With a market capitalization of over ~$460 million, KAVA is one of the biggest players in the crypto market. It has had more than $20 million volume in the last 24 hours. Combining the best from both worlds is what makes KAVA unique. Layer 1 blockchain based on Cosmos and Ethereum.
Kava crypto is using the system development kit (SDK), which gives KAVA scalability and security. It also allows it to communicate with ease with other crypto projects in the Cosmost ecosystem through their Inter-Blockchain Communication (IBC) protocol.
In addition, KAVA is benefitting from with its Ethereum Virtual Machine (EVM). This gives the proper environment in which developers can build Ethereum-based decentralized applications (dApps).
"Gaze through @Ethereum & see the whole @cosmos."
– #KAVA pic.twitter.com/Mj3VwPUTn5
— Kava (@KAVA_CHAIN) February 6, 2024
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Not only does this give KAVA crypto the best of both worlds in terms of technicality, but it also gives double the exposure in terms of users and money that pour into it. However, Solana is doing its best to try to keep up with everything in the crypto world. Currently, as the 7th biggest cryptocurrency with a market capitalization shy of $60 billion, it is a tough competitor to beat.
Solana has been the best hub for crypto enthusiasts in this bull market, with endless opportunities to make a fortune. Offering lightning-fast transactions and almost no fees makes it the preferable place for degens. Also, not compromising security and scalability makes it hard for KAVA crypto on Cosmos and Ethereum to be beaten.
Recently, Solana celebrated 1 year without going down, which is another milestone for them.
GM ☀️
Solana just went a full year without a block production outage! 100% Uptime 🙌 pic.twitter.com/1EWRSwyKjK
— Solflare – The Solana Wallet (@solflare_wallet) February 6, 2025
That being said, this makes Solana the perfect crypto project. Does it? Not quietly. There are thousands of projects created daily on the Solana blockchain.
New Meta Incoming
Despite that, this is not exactly what degens want. Short-lived projects that changed the meta of crypto investments. People try to rotate from one project to another, sometimes more than once a day. This induces a lot of stress both on the person doing it and the crypto community.
Representing it to the outside world as something unreliable and useless. This is not the message we wanted to send; that is why a team created something unique. SOLAXY.
It is a Layer 2 crypto project built on Solana. With little more than 1 day left on their presale, they have raised ~$30 million, undoubtedly making it a no-brainer. The team set the price of SOLX to 0.00169, making it a steal.
Solaxy is designed to unlock the full potential of the Solana ecosystem, improving its scalability and future-proof network build. It is super easy to buy it with crypto or cash. You can directly buy it with your card or connect your crypto wallet, and that’s it.
It fixes Solana congestion, failed transactions, and scalability limitations, further improving its strength. Also, you can stake your tokens during presale, which gives additional rewards. The current APY is 137%, making it one of the best return rates that you can find on the market.
Not only that, but Solaxy is tapping its foot into the meme world also, which is something people have been looking for the last couple of years. Memes represent the retail participatory will to beat institutional players and be one big and supportive community that WAGMI.
For the latest updates on the project, connect with the SOLX community on X and Telegram
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