Solaxy’s $33M Haul Fuels Layer-2 Hype—Is This Solana’s Next Big Thing?

Solaxy just pocketed $33 million in fresh funding as its presale gears up for a Solana Layer-2 launch. The project’s timing couldn’t be sharper—or more suspiciously convenient—amid the latest memecoin mania.

Why it matters: Layer-2 solutions are crypto’s current golden goose, promising to fix blockchain’s infamous speed and cost issues. Solaxy’s claiming it’ll do for Solana what Arbitrum did for Ethereum. Bold words for a team that hasn’t shipped yet.

The cynical take: Another nine-figure raise, another ’revolutionary’ scaling solution. Wall Street would call this a liquidity event—crypto calls it ’building.’ Either way, the hype train’s leaving the station.

New Solana ecosystem project Solaxy (SOLX) is dominating the crypto presale space and has now raised over $33 million in total.

As it prepares for the launch of its Solana Layer-2 solution, could Solaxy be one of 2025’s biggest new coin launches?

Solaxy’s Upcoming Layer 2 Solution for Solana Might Release at a Perfect Time

Solaxy aims to enter the market as more than just another meme token, as its developers work on its ecosystem that boasts a Layer 2 blockchain for Solana, among other components.

Once released, the Layer 2 will leverage rollups to bundle and process transactions off-chain, reducing the burden on Solana’s mainnet. 

Besides potentially speeding up transactions and lowering gas fees, its introduction could help address slow and failed transactions that have plagued Solana’s network in the past.

In January, when Solana (SOL) reached its all-time high (ATH) by climbing to $294.33, its network suffered from congestion issues amid the launch of Official Trump (TRUMP), with transactions taking days to finalize.

The scalability issues saw Solana’s on-chain activity numbers dwindle from 5.4 million in late January to 2.8 million in March, which also saw its token dip to the $118 level.

Solana’s performance over the past 30 days has been impressive, as it soared to $150, a level that now acts as resistance as SOL hovers below it. 

However, boasting over 4 million active daily users this April, for the first time since February, Solana might experience performance issues during high-traffic hours again, which Solaxy’s launch could significantly reduce.

Experts Anticipate 10x Growth

As Solaxy’s developers strive to increase Solana’s throughput and achieve 10,000 transactions per second via rollups, which could improve investor experience, they’re also aiming to roll out several features that will benefit token developers.

The revealed components of Solaxy’s ecosystem include a bridge, a block explorer, an integrated developer environment, and a knowledge base site. Currently, the testnet version of the block explorer is live, with the other components to follow, according to the presale website.

Plus, Solaxy’s developers are working on adding a token launchpad, with more “game-changing announcements” yet to come.

Once all of its features are released, token developers will be able to deploy tokens with ease, with Solaxy’s cross-chain swaps allowing its users to combine Ethereum’s massive liquidity pools with Solana’s speed.

Experts from 99Bitcoins encourage their 724,000-strong audience to enter the presale while the per-token price is low.

They believe Solaxy will have a successful launch thanks to a combination of factors, including its ambitious goals and the increasingly bullish market sentiment that’s currently surrounding tokens in Solana’s ecosystem.

Expecting it to maintain its presale momentum, the experts anticipate a 10x post-launch surge for SOLX.

Here’s How to Enter the Presale

Solaxy’s dynamic pricing and staking rewards models encourage early adoption and allow investors to benefit from early exposure. 

Currently, purchasing and staking SOLX offers 121% annual returns, which is more than most presales. However, as investors add their tokens to the staking pool, the yield decreases, ensuring early backers secure the best returns.

Similarly, SOLX’s current per-token price of $0.001714 will only rise as time passes, making this the best time to enter the presale. According to the project’s whitepaper, the price will keep rising until it reaches $0.00179, which will coincide with the launch price and mark the final stage of the presale.

Investors can purchase SOLX during the presale by swapping their ETH, SOL, USDT, or fiat for the token via the presale website, with no minimum investment required.

Alternatively, Best Wallet’s users will find SOLX within the wallet app, which also accepts BNB as a payment method. Purchasing SOLX via Best Wallet allows investors to monitor their SOLX holdings by size and value throughout the presale, a feature that most competitors lack.

With its central position in Solaxy’s ecosystem, SOLX could see immediate success once it secures its first DEX listings, making its current price an attractive entry point.