New Solana Layer-2 scaling solution Solaxy ($SOLX) has raised more than $8.5 million in its ongoing token presale, making this one of the most successful Solana launches of this cycle.
The project has gained attention for bringing the Layer-2 technology that has transformed Ethereum to the second-largest smart contract blockchain. Layer-2s on Ethereum have $50 billion in total value locked, so the market opportunity for a scaling solution on Solana is massive.
Solaxy is continuing its presale and investors today can buy tokens at a discounted price of $0.001592, plus stake their $SOLX coins to earn up to 411% APY.
Solaxy Layer-2 Aims to End Solana Congestion, Boost Meme Coin Trading
The Solaxy Layer-2 could hardly come at a better time. Solana has continued to suffer from network congestion and even outages, raising questions about whether the blockchain can keep up with demand during the upcoming crypto bull cycle.
While Solana has made upgrades to its mainnet, they have so far failed to end the congestion issues.
Solaxy promises to not just eliminate slow traffic on Solana, but also reduce prices for users in the process. The new Layer-2 will offer faster finality and lower fees, making it an extremely attractive alternative to Solana.
Solaxy’s network looks set to become the new hub for Solana meme coin trading, which could see massive volume increases thanks to the long-anticipated meme coin supercycle. Already, trading volume in $BONK and $WIF, the two leading Solana meme coins, is up to a combined $480 million in the past 24 hours.
Any shift in meme coin trading onto Solaxy is likely to send demand for the network’s $SOLX token soaring. $SOLX will be required to pay for transactions on Solaxy similar to how $SOL is required for transactions on Solana.
That could translate to a massive pump in $SOLX once the crypto bull market gets fully underway and the limitations on Solana traders are finally eliminated.
First-mover Advantage Offers Moat for Long-term Growth
While Solaxy is far from the first Layer-2 network, it is expected to be the only Layer-2 on Solana when it launches. That gives Solaxy a major first-mover advantage that can buttress the token against challenges from future sidechains.
This contrasts with the situation on Ethereum, where the $50 billion in total value locked is divided up among dozens of networks. The largest Layer-2, Arbitrum, has less than $20 billion locked, or only a 40% market share.
Even if Solaxy’s potential market is smaller—at least initially—the network stands to capture 100% market share. Moreover, Solaxy could defend its position against new Solana Layer-2s by continuing to develop and offer lower fees. The project has put aside 25% of its $SOLX token supply as a treasury, offering a significant war chest to keep Solaxy ahead.
Over the long-term, the impact on the $SOLX token’s value could be huge. Analysts expect that Layer-2 networks will become more valuable than the Ethereum mainnet by the end of this decade, and the same could be true for Layer-2s on Solana.
This growth is directly tied to demand for $SOLX, resulting in an unlimited runway for the token’s future price.
How High Can $SOLX Go? Analysts Bullish on Project
Crypto analysts have been closely following the Solaxy presale and the project’s early development, and the reviews are overwhelmingly positive.
YouTuber ClayBro called Solaxy one of the biggest presales in history and predicted the $SOLX token could rocket higher after launch.
His prediction was followed up by similar praise from Crypto Boy, who told his followers that the $SOLX token is primed for 10x gains after launch.
While price predictions vary, they all agree on one thing: Solaxy could be one of the most explosive tokens of 2025. There are even rumors that $SOLX could list directly on Tier-1 exchanges like Binance or Coinbase at the end of its presale, which would really make a splash.
For now, investors can lock in $SOLX tokens at a discounted price of $0.001592 and earn 411% APY on their purchased coins. The presale is moving fast and the next price increase is in less than 2 days, so there’s no time to hesitate.
Investors can buy $SOLX today with ETH, BNB, USDT, or a credit or debit card.
