Solana is on a roll, with the network’s native token’s price hovering around $180 and edging closer to the $200 mark. Multiple factors contribute to this renewed interest: The upcoming release of the Solana Seeker phone and Dogecoin bridging to Solana via Wormhole are seen as highly positive events for the blockchain.
Riding this wave is Solaxy (SOLX), a project built to extend Solana’s capabilities by launching its very first Layer-2 blockchain. As Solana continues to grow in adoption and infrastructure, Solaxy is becoming a strong contender for investors who want to increase their exposure to the Solana network.
With an incredible $42 million raised so far and just 17 days remaining in the presale, Solaxy is shaping up to be one of 2025’s biggest crypto launches.
Solana Layer 2 Solution Generates Over $42 Million Raised
Solaxy is designed to solve Solana’s scalability and reliability issues by enhancing performance. Until now, Solana has excelled in speed and affordability, but users and developers have faced network congestion on multiple occasions. This is a common issue during high-profile meme coin launches, such as OFFICIAL TRUMP, or NFT mints from popular projects.
Stalled or failed transactions have been a recurring issue during high-traffic periods, resulting in financial losses for users. Solaxy aims to fix this using rollups and transaction batching to process transactions off-chain before batching them to Solana’s mainnet for settlement. This system will reduce congestion and enable higher throughput, providing users with a smoother and faster experience, especially during periods of peak demand.
SOLX token functions as the native token of the platform but also as a bridging currency between Ethereum and Solana. This opens Solana to the vast liquidity on Ethereum.
The project has been building hard during the presale – the bridge and block explorer are both live on the testnet. The recent dev update shared several milestones, including performance updates like updated dependencies for faster node syncing, enhancements to the test suite, and the removal of inconsistencies, as well as an announcement for Solaxy’s Igniter Protocol, where SOLX holders will be able to create and launch their own tokens.
Borch Crypto, a popular crypto YouTuber, recently shared with his subscribers that Solaxy is the best crypto presale to buy now. However, he is not the only one with a positive outlook on Solaxy – retail investors have shown massive support to the project, helping it raise over $42 million in its ongoing presale.
Why Solaxy Could Explode After Presale
Solana has proven itself as one of the strongest Layer-1 blockchains on the market, but it still has its limits. Just as with Ethereum, Layer-2 blockchains have helped scale the ecosystem dramatically. As the first Layer-2 blockchain on Solana, Solaxy has the potential to take the first mover advantage, which could reflect on the token price.
Moreover, Solana is a top-10 cryptocurrency with a market capitalization of over $92 billion. For Solana to reach Ethereum’s market cap during this cycle, it will need to increase in price by 3.5 times. With a significantly smaller market cap, Solaxy has a higher chance of a 50x return than Solana.
For those looking to invest before momentum kicks into full gear, the presale offers a discounted entry point with staking rewards, providing a dynamic yield of 98%. The presale has already raised over $42 million, showing massive investor support.
The SOLX token is available for purchase for a little over 19 days, and interested investors can participate in the presale using ETH, BNB, SOL, USDT, or a bank card, either on the official Solaxy website or via the Best Wallet app’s Upcoming Tokens.
