Solaxy Presale Passes $18M for New Solana Layer-2 Could SOLX Explode?
The crypto market might be down this week, but one new project is doing its own thing.
Solaxy (SOLX) just hit the $18 million milestone in its ongoing presale phase.
Early investors are buzzing wondering if SOLX could be the next crypto to explode.
Solaxys New Layer-2 Aims to Fix Solanas Congestion Issues
Solaxys presale success boils down to a simple idea: making Solana run smoother.
As the first Layer-2 on Solana, Solaxy moves transactions off the primary network, bundles them together, and settles them back on Solanas blockchain.
Its like having a system of express lanes on a busy highway.
Instead of every car (or transaction) clogging up the main road, Solaxy creates shortcuts to ease the load before merging back in.
This strategy has worked well on Ethereum with projects like Arbitrum and Optimism.
But Solaxy isnt just copying these projects.
The team is also building a bridge between Solana and Ethereum, allowing users to enjoy the perks of both platforms.
Plus, with 30% of SOLX tokens set aside for development, the team has the resources to stick to their roadmap.
And if that wasnt enough, early backers can stake their SOLX to earn an impressive 221% APY.
Over 5 billion SOLX tokens are already locked up.
Solaxys $18M+ Presale Shows Clear Vote of Confidence From Investors
The numbers behind Solaxys presale tell an exciting story.
Investors have committed over $18 million to this new Layer-2 project in just two months.
Its a clear vote of confidence in Solaxys plan to tackle Solanas scaling issues.
Right now, SOLX tokens are on offer for $0.001626, but thats just the start.
The team has mapped out planned price hikes at each funding milestone, meaning those who get in early will receive the lowest price.
And this could pay off if Solaxy explodes after launch.
Major crypto influencers like ClayBro are now discussing the projects potential.
ClayBro even suggested SOLX could be the biggest Solana token yet.
Given that tokens like BONK have market caps of over $1 billion, this claim might sound bold but theres some reasoning behind it.
One key factor is that Coinsult has already audited Solaxy.
Coinsults audit found no issues with the projects smart contracts and confirmed it isnt a honeypot scheme.
Solanas Momentum Meets Solaxy The Future of Scalable Blockchain Growth?
Solana has had a mixed start to 2025.
But with SOLs price hovering around $200 and some analysts predicting it could double by the end of the year theres growing optimism around Solanas ecosystem.
Throw in the talk around possible spot SOL ETF approvals, and the excitement only grows.
Solana already handles nearly half of all DEX volume, which is no easy feat.
Even with the upcoming Firedancer upgrade set to push speeds to 10,000 transactions per second (TPS), the network might still struggle during peak times.
Thats where Solaxy comes in.
By easing the load on Solanas mainnet, Solaxy isnt just offering a temporary fix its building for the future.
Early investors understand the potential here, which is why the SOLX presale has been such a hit.
SOLX has even made it onto CoinSniper.net one of the internets top crypto rating sites.
So, can Solaxy live up to the hype?
Only time will tell, but with over $18 million already raised, the signs look promising.
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