Layer-2 Scaling Solution Solaxy Raises Over $29.2M in Presale of Its $SOLX Token

Crypto Freedom, with over 69K YouTube followers, reviewed the Solaxy presale and its $SOLX token, which has raised over $29.2 million.

Crypto Freedom, a popular YouTube channel with over 69K followers, recently reviewed the Solaxy presale and its $SOLX token, which has raised over $29.2 million.

The presale offers early investors the chance to benefit from lower entry prices, as the token’s cost increases periodically. At present, $SOLX is available at a rate of $0.001686 per token.

To participate in the presale, investors need to link a supported crypto wallet. Best Wallet is a recommended option, offering support for more than 60 blockchains and featuring a built-in fiat-to-crypto onramp. The app can be downloaded from both Google Play and the Apple App Store.

To join the Solaxy presale, you’ll need $ETH or $USDT, which can be conveniently purchased within Best Wallet using a credit card, debit card, or Google/Apple Pay.

Solana’s Missing Link in the Road to Mass Adoption?

The blockchain and cryptocurrency space has seen remarkable expansion in recent years, with Solana emerging as a key contender within this evolving ecosystem.

Launched in 2020, Solana set out to deliver a fast and scalable infrastructure designed to support decentralized applications (dApps) and other crypto-based innovations.

Capable of handling more than 65,000 transactions per second (TPS), Solana aimed to provide a technologically superior alternative to Ethereum. However, 2022 saw several setbacks for Solana, shaking investor confidence.

While its focus on scalability has drawn praise, concerns remain regarding decentralization. The concentration of validator nodes and the influence of the core development team have led some to question the network’s long-term security and resilience.

Moreover, multiple network outages highlighted vulnerabilities in Solana’s infrastructure, raising concerns about its reliability and the potential disruption of ecosystem growth.

As the blockchain sector continues to evolve, with new Layer 1 and Layer 2 solutions entering the market, competition remains fierce. Ethereum’s ongoing upgrades and the rise of alternative networks pose ongoing challenges to Solana’s position within key market niches.

Solaxy emerges as a game-changing project within the Solana ecosystem, addressing one of its most pressing issues—network congestion and scalability. Unlike Ethereum, which already benefits from a range of successful Layer 2 solutions, Solana has yet to see such developments.

Solaxy positions itself as the first true Layer 2 solution for Solana, bringing with it the potential to transform the chain’s scalability, reduce transaction fees, and enhance the overall user experience.

Solaxy Tackles Solana’s Network Limitations

Solaxy’s rapid fundraising success, combined with its unique Layer 2 architecture, signals strong investor confidence and market demand. What sets Solaxy apart is its focus on solving the limitations that have plagued the Solana network—namely failed transactions, slow performance under pressure, and restricted scalability.

By reducing the computational load on the main Solana chain, Solaxy introduces virtually infinite scalability and lower fees. The project is also multi-chain compatible, integrating with Ethereum and allowing seamless bridging between the two major networks.

This opens the door to a wider user base and increased utility across ecosystems. On March 25th, the team at Solaxy put out a technical update highlighting major strides in improving transaction throughput and overall TPS.

A key enhancement was the integration of a new sequencer from the Sovereign SDK to support soft confirmations, allowing users to receive faster preliminary validation of transactions before full rollup processing. This update also introduced a flexible switch between basic and soft confirmation kernels.

In terms of rollup performance, additional optimizations were implemented to speed up transaction handling, including a new caching mechanism developed in collaboration with Sovereign. Refinements to serialization and deserialization steps were made to reduce processing overhead.

Meanwhile, the team worked with Hyperlane to fine-tune validator configurations, enhancing bridge security even in testnet conditions and creating a more stable, production-ready experience for users.

The Most Talked-About Presale of 2025?

In addition to its technical innovations, Solaxy offers an impressive staking reward of 139% annual percentage yield (APY), giving early adopters a compelling incentive to participate. The staking system is already operational and has seen over 8.2 billion $SOLX tokens staked.

However, this reward is expected to decrease as more people join in, making early participation even more advantageous. The tokenomics of Solaxy are strategically structured for long-term growth.

With 25% allocated to staking rewards, 20% held in treasury for future needs, and 30% designated for development, the project demonstrates a balanced approach to sustainability and expansion.

Other allocations include 15% for marketing and 10% for exchange listings, further emphasizing the team’s commitment to gaining visibility and ensuring liquidity. Solaxy’