Solaxy ($SOLX), the first Layer-2 scaling solution for the Solana ecosystem, plans to close its presale tomorrow after raising nearly $50 million in one of the biggest ICOs of the year.
Investors now have under two days left to buy the network’s native $SOLX token before it hits exchanges and the Solaxy Layer-2 goes live, forever transforming Solana. The presale closes for good at 2pm UTC on Monday, June 16.
The new Layer-2 promises faster transaction processing and lower gas fees compared to the Solana mainnet, while also providing a solution to the network congestion that has created headaches for Solana traders and developers for years. Solaxy stands to become the new hub for meme coin trading and dApp development within the Solana universe, making it one of the most important projects of the next crypto bull run.
The team behind Solaxy has announced $SOLX will list on major centralized exchanges next week, in what is one of 2025’s most anticipated crypto launches.
Solaxy Poised to Dominate Solana Meme Coin Trading
Solaxy has foundational importance for the future of the Solana ecosystem. By alleviating network congestion, it makes Solana more scalable—and thus better able to compete with Ethereum and emerging ultra-fast blockchains.
Just as important, Solaxy could take over many of the transactions that happen on the Solana mainnet today. Solaxy is expected to be faster and cheaper than the mainnet, so traders and developers have a lot of incentive to migrate onto the Layer-2.
Solaxy has made this easy with a new bridge that allows seamless transfer of funds from both Solana and Ethereum onto Solaxy. This opens the floodgates for a variety of high-value applications, including trading Solana meme coins on Solaxy’s Layer-2.
In fact, Solaxy could quickly take over the lion’s share of meme coin trading volume, generating enormous revenue for the new project and boosting the value of its $SOLX token—which is required to pay for gas fees.
It’s a win-win for Solaxy and Solana: Solaxy gets a massive surge in network activity, while Solana still earns revenue from the Layer-2 and can focus on making its Layer-1 network more resilient.
Notably, Solaxy is also in the process of building its own token generation tool, Igniter. This will serve as a Layer-2-native version of Pump.fun, enabling developers to quickly launch meme coins and keep the excitement around meme coin trading in the Solana ecosystem going strong.
Ethereum Layer-2s Point to Massive Opportunity for $SOLX
Just how big is the opportunity for Solaxy? Ethereum Layer-2s offer a hint.
Collectively, Ethereum Layer-2 networks now have more than $37 billion in total value secured, with Arbitrum and Base combining for $28 billion of that. While Base doesn’t have its own token, Arbitrum’s $ARB has a market cap of $1.85 billion—roughly 37x higher than $SOLX’s market cap at launch.
In addition, analysts estimate that Ethereum Layer-2s could be more valuable than the Ethereum mainnet as soon as 2030. This is a market that’s getting bigger—much bigger—at a rapid pace.
Solaxy and its $SOLX token could become even more valuable. The Solana ecosystem has been growing at a much faster rate than the Ethereum ecosystem, and Solana’s speed advantage will be more pronounced now that it has a Layer-2 to enable scalability.
In addition, $SOLX is required to pay for gas fees, whereas $ARB is a governance token only. That means demand for $SOLX is expected to be much higher than demand for $ARB.
The final advantage for Solaxy is that it’s currently the only Layer-2 network available for Solana. Even if other sidechains follow in its path, Solaxy is likely to have such a large moat that no competitor can come close to dethroning it.
All of this points to potentially enormous long-term value accumulating in the $SOLX token.
Analysts Back $SOLX for 10x Pump After Launch
Crypto analysts have been studying this opportunity closely for weeks, and many have come to the same conclusion: $SOLX is primed for an explosive pump after it hits exchanges.
Jacob Bury, for example, predicted that $SOLX could jump 10x or more in the days after the token begins trading.
Crypto Millie called it a ‘Layer-2 gem set to explode’ and Borch Crypto ranked it the best crypto presale to buy now.
Such consensus around a presale token is incredibly rare, and shows just how much enthusiasm there is around Solaxy’s launch. This is a coin that short-term traders and long-term investors can all get behind.
That sentiment has only grown thanks to a massive, unexpected token burn by the Solaxy team. The project burned more than $35 billion tokens—worth more than $62 million—in a move designed to give even more power to early investors.
While the presale remains open, anyone can buy $SOLX using $SOL, $ETH, $USDT, or a credit or debit card. The project’s smart contract has been audited by Coinsult to ensure security and Solaxy’s testnet is already live with its own block explorer.
This could be a historic launch and the beginning of a revolution in the Solana ecosystem—don’t miss this final chance to be a part of it.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.