Solaxy (SOLX), the very first Layer 2 solution built on Solana, has just crossed the $35.9 million presale funding mark, attracting nearly $500,000 in fresh capital in the past 24 hours. This explosive momentum coincides with Solana (SOL) pushing past $175 and getting closer to the psychological $200 level.
As the broader crypto landscape bounces back into its latest bull phase, Bitcoin (BTC) has been soaring above $102,000 following softer US inflation reports. Meanwhile, BTC’s decreasing supply on exchanges suggests that sell-side liquidity is drying up, which is generally a classic bullish signal.
Many analysts have pointed to Solana’s long-term outlook as a critical piece of the present alt season narrative. However, the biggest stumbling block for SOL’s mass adoption has long been its scalability, as the network’s performance repeatedly suffers under peak demand.
That’s precisely where Solaxy comes in, offering an even higher-throughput Layer 2 (L2) network designed to offload Solana transactions and supercharge its user experience.
SOLX is currently available at $0.001724 for a limited time, with just 24 hours left before the presale’s next price increase. With over $35 million raised in its presale, Solaxy could have the potential to replicate Solana’s gains of 35000% from its lowest price to its current price of $177.
Why Institutions Are Betting Big on Solana
Solana’s price has surged by over 85% since early April, recently breaking past $180 while bulls stay focused on their $200 target. Part of that rally is being driven by bullish macro conditions, but there’s also been a noteworthy surge in DeFi activity on the Solana network.
Solana’s Total Value Locked (TVL) has now grown to over $9.5 billion—a huge improvement from its $6 billion valuation in April, and a clear indication that investors are returning to the chain during this bull run.
Institutional players are also showing more interest in Solana’s ecosystem. DeFi Development Corp recently snapped up 172,670 SOL (worth around $23.6 million), bringing its total holdings to just over 595,000 SOL.
Adding to Solana’s bullish sentiment, asset manager VanEck partnered with Securitize to launch VBILL, a tokenized US Treasury fund that’s also operational on Ethereum, Avalanche, and BNB Chain.
Meanwhile, the SEC has postponed decisions on several Solana exchange-traded fund (ETF) proposals, including those by Grayscale and Franklin Templeton. However, sentiment remains positive—the crypto prediction market Polymarket shows an 82% probability of an SOL ETF approval in 2025.
If these tailwinds persist, many analysts believe Solana could eventually retest its all-time high of $295.83, which it reached back in January. That scenario looks increasingly plausible with a larger share of DeFi liquidity and rising institutional interest.
Savvy investors know that projects building around Solana’s base layer, such as Solaxy, stand to benefit the most from this recovery. For example, a recent whale purchase of nearly $400,000 in SOLX shows massive investor confidence in the project.
Solaxy’s Latest Upgrade Positions SOLX as Top Layer 2 Project on Solana
Ethereum L2s like Arbitrum and Optimism have previously shown how these supportive networks can elevate a blockchain’s performance, and Solaxy looks ready to do the same for Solana. The difference is that Solana has a good reputation when it comes to high speeds and low fees—so instead of patching more basic weaknesses, Solaxy aims to amplify Solana’s existing strengths.
Solana’s mainnet can process thousands of transactions per second (TPS), but it has faced periodic slowdowns and occasional downtime when usage spikes. Solaxy’s role is to act as a parallel engine that can offload transactions before congestion occurs, keeping fees minimal and speeds ultra-fast.
This approach will boost Solana’s network efficiency, and provide a more reliable experience for developers and end users.
The Solaxy team revealed a few key improvements in a recent dev update, ranging from faster node synchronization to improved testing frameworks and refined rollup mechanics. They also fixed UI bugs that caused flickering in block time displays.
Most notably, the next phase of the Solaxy testnet will introduce a cross-chain bridge—an essential feature for transferring assets between Solaxy, the Solana mainnet, and other blockchains like Ethereum and Base.
How to Buy SOLX Tokens During the Presale
The prominent crypto analyst Jacob Bury recently referred to Solaxy as a 10x contender for the 2025 bull run in a YouTube video, pointing out that regular development milestone achievements and a hyper-engaged community often precede major price breakouts for Web3 projects.
Solaxy’s presale numbers appear to back that up, as SOLX sales approach a total of nearly $36 million after just a few months.
To participate, visit the official Solaxy presale website and connect a compatible crypto wallet (like Best Wallet).
Once your wallet is connected, you can purchase SOLX using supported cryptos or even a traditional bank card. After buying your tokens, you can stake them right away to earn a passive income of up to 113% APY.
