Solana’s Next Challenger? Layer 2 Upstart Banks $37M in Funding Frenzy
Move over, Solana—there’s a new Layer 2 player in town, and it just pocketed $37 million from investors betting on the next big blockchain disruptor. While VCs throw cash at anything with ’scalability’ in its pitch deck, this platform’s tech might actually justify the hype.
Here’s why it matters: Transaction speeds that leave Ethereum in the dust, fees lower than a crypto trader’s morale during a bear market, and a developer toolkit that could finally onboard the next wave of dApps. But let’s see if they deliver before the funding gets ’reallocated’ to executive yachts.
The bottom line? In a world where ’Ethereum killer’ claims are a dime a dozen, this one’s got the war chest to put up a fight—just don’t ask about the tokenomics yet.
Solana Forecast to Hit $520 by 2025 as Institutional Interest Surges
One reason Solaxy has gained so much attention is the bullish outlook for Solana itself. The investment management firm VanEck has even predicted that SOL will reach $520 by the end of 2025.
This ambitious price target is based on several factors. VanEck’s modeling suggests that Solana’s slice of the smart contract platform (SCP) market could jump from roughly 15% to 22% in the next six or seven months. With the total SCP market cap possibly hitting $1.1 trillion (up 43% from current levels) by the end of December, Solana WOULD represent a bigger chunk of an even bigger pie.
Moreover, Solana has seen a jump in new decentralized applications (dApps), plus rising user adoption for its DeFi and NFT ecosystems.
Our Solana price Target by the End of 2025 is $520
We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation…
— VanEck (@vaneck_us) February 6, 2025
Meanwhile, multiple firms like Bitwise and Canary Capital have filed for Solana-focused ETFs. If approved, these funds would give major investors a convenient onramp, potentially boosting demand for SOL.
Also, DeFi Development Corp (DFDV), a NASDAQ-listed company, has even tied executive compensation to “SOL Per Share (SPS)” performance rather than traditional metrics. Pairing that MOVE with the rumored Solana ETFs in the pipeline, it’s becoming obvious that big players are betting on SOL to challenge Ethereum’s dominance in the coming years.
However, skeptics argue that Solana’s history of network slowdowns could undermine that growth narrative. That’s why smart investors are backing Solaxy, which will be a game-changer if it can keep Solana’s network stable under heavy usage—and ensure it can truly scale to meet demand.
Why Solaxy Could Power Solana’s Next Growth Phase
For Solana to reach fresh all-time highs and maintain its impressive throughput, it needs a way to avoid the traffic congestion that’s almost paralyzed the chain’s operations on multiple occasions. Solaxy introduces a rollup-based Layer 2 solution that processes transactions in parallel to Solana’s mainnet, then organizes them into bundles before sending the final data back to the L1.
This setup means that Solana can still deliver transactions at a fraction of a cent, even if usage spikes during the next bull run or a major NFT mint. By keeping fees low and speeds high, Solaxy positions Solana to attract more DeFi, gaming, and NFT projects—which will each drive additional transaction volume.
Developers have already begun testing Solaxy’s bridging functionality on test networks. The official “Solaxy Bridge” release will let users move tokens between Solana and Solaxy easily—a key milestone that the team highlighted on X:
🛸 Solaxy Testnet Bridge is LIVE! 🛸
You can now bridge native SOL between Solana Devnet and Solaxy Testnet at https://t.co/BFMV1G9v4c 🔥🚀
Built with Hyperlane, this is the first step toward full cross-chain interoperability.
Ethereum bridging is coming for mainnet — stay… pic.twitter.com/8NVoPaqaoV
— SOLAXY (@SOLAXYTOKEN) May 15, 2025
Crucially, Solaxy’s success is directly tied to Solana’s growth. Every new dApp and user that arrives on Solana’s blockchain could also generate more activity on Solaxy, pushing up the utility (and potentially the value) of SOLX.
How to Buy Solaxy Tokens Before the Presale Sells Out?
Solaxy’s presale has been gaining momentum, and large investors are making big moves. One wallet recently spent 150 ETH (about $400,000) on SOLX, betting on the growth potential of a Solana L2 solution.
To secure tokens before the presale ends, you can visit Solaxy’s presale portal. You can use popular wallets like Best Wallet and buy SOLX using cryptos like ETH or USDT.
Follow the on-screen instructions to buy SOLX at the current presale price of $0.001726. Right after purchasing, you can stake your SOLX tokens for up to a dynamic 111% APY.
