A growing sense of fear of missing out (FOMO) is striking investors as one of 2025’s hottest presale tokens prepares to list on exchanges.
Solaxy ($SOLX) is building the first-ever Solana layer 2 blockchain, and it’s raising funds via a public presale. The presale has raised a whopping $54.6 million so far, making it one of the biggest launches of this year.
The project is designed to address Solana’s congestion issue, which results in longer wait times and higher rates of transaction failures during periods of peak network activity.
Currently, investors can buy $SOLX at a presale price of $0.001766, but this fixed price will end with the closure of the presale. Once $SOLX lists on exchanges, its price will shift to a product of supply and demand, and that’s when it could boom.
Why Solana needs a layer 2 blockchain like Solaxy
Solana is the most active blockchain by users, with over 100 million people interacting with the network this month. It’s also a dominant chain by decentralized exchange (DEX) volume, alongside total value locked (TVL). By most metrics, Solana is a massive success. But it’s not perfect.
In fact, most veteran Solana users are well aware of its Achilles heel: congestion. Solana is unable to process all transactions during periods of peak network activity, resulting in a buildup of pending transactions.
This can be a major inconvenience. It can cause traders to miss opportunities. Or it can even block them from closing trades at the right time, resulting in financial losses.
Solana has been steadily gaining adoption from a diverse range of users, ranging from meme coin enthusiasts to the world’s largest asset managers, such as BlackRock and Franklin Templeton. But for the chain to continue growing long-term, a scalability solution is crucial. That’s why Solaxy is being developed.
Solaxy’s layer 2 blockchain uses off-chain computation and transaction bundling technology to increase scalability. It aims to achieve 10,000 transactions per second (TPS), making it cheaper, faster, and more reliable than the Solana layer 1 chain.
This won’t just make transacting more frictionless; it’ll unlock use cases previously unavailable on the network.
And when it does, it’ll send Solana to new heights and create billions of dollars in value. Indeed, that’d cause the Solaxy price to soar.
Analysts are optimistic that this will be the case, with Cryptonews backing $SOLX for 100x gains.
One of the reasons that Solaxy is generating such a buzz is that it has already begun shipping its products. Its test network is live, allowing developers to bridge tokens, track on-chain activity, and even deploy smart contracts. Moreover, the Solaxy main network is set to go live on 7 July, so that could prove a huge boon for the $SOLX price.
Solaxy stands out as the record-setting Solana presale
With over $54 million raised, Solaxy is the biggest presale to ever take place on Solana. This signals that $SOLX will continue to see massive demand once it hits exchanges.
Its technical innovations certainly contribute to its early success, as does analyst support and the fact that Solana ETFs are anticipated to launch soon. When they do, it’ll create a new liquidity surge for $SOL, and the knock-on effect is anticipated to skyrocket the price of ecosystem tokens.
And since the current fixed $SOLX price will end with the presale, there is a deep sense of urgency among investors to act now or risk paying a significantly higher price once $SOLX lists on exchanges.
Will Solaxy explode after listing on exchanges?
With rapid presale success and a strong use case to back it up, everything is falling into place for Solaxy to surge once it hits exchanges.
Whether it achieves the 100x target set by Cryptonews remains to be seen, but one thing is for certain: the coming weeks will be big.
Investors considering whether to buy Solaxy can also rest assured that the project is safe and secure.
Its smart contract has been audited by Coinsult, who found no issues with its code.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.
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.