Solana layer 2 blockchain Solaxy (SOLX) raises a staggering $38M at presale

It has made Solana history books its largest presale ever, creating an immensely exciting outlook for once $SOLX launches on exchanges.

Solana layer 2 blockchain Solaxy ($SOLX) is set to close its fundraising efforts after an impressive sum of $38 million was raised at presale.

It has now made Solana history as it appears that the presale will come to an early close after investors quickly absorbed most of the $SOLX supply.

The project is aiming to solve Solana’s congestion issue, which leads to longer wait times and increased rates of transaction failures during periods of peak network activity.

Crypto prices have been showing immense strength this month as the bull market continues. This has brought the issue of Solana’s congestion back into the spotlight.

But Solaxy is offering a helping hand here, and investors have been keen to contribute funds to the presale. It’ll equip the Solana ecosystem with an additional 10,000 transactions per second (TPS), which could help it function flawlessly even amidst peak bull market excitement.

The good news is that there’s still a chance for investors to buy $SOLX at the presale price. It’s available at a fixed price of $0.00173.

However, those who miss the presale could end up paying a much higher price once $SOLX lists on exchanges.

Solaxy raises $1 million in one day

Just one day ago, the Solaxy community was celebrating the presale raising $37 million. But after the team announced that the presale would soon end, investors were exposed to a new sense of urgency.

This has seen the presale raise a huge sum of $1 in 24 hours, which signals that the presale is about to start skyrocketing.

We’re going interstellar! 🛸

38M Raised! 🔥pic.twitter.com/udfUBJ0GBC

— SOLAXY (@SOLAXYTOKEN) May 20, 2025

And if history is anything to go by, it also means $SOLX could see huge gains once it lists on exchanges. Look back to Q4 of 2024 and you’ll see a near-identical story on Ethereum.

Ethereum layer 2 blockchain Pepe Unchained announced the closure of its presale after raising $30 million. 28 days later, the presale had closed after raising a staggering sum of $72 million.

While it took four months for Pepe Unchained to raise its first $30 million, it appears that just a couple of weeks was all it took to raise its second $30 million. Now, it seems the same is happening for $SOLX.

And what happened once Pepe Unchained was listed on exchanges? Well, its price skyrocketed and some presale investors went on to generate 10x gains in a few days.

Yet, it did all this when there were already dozens of Ethereum layer 2 blockchains on the market. In contrast, there will only be one Solana layer 2, which experts think could lead to even bigger gains for $SOLX.

For instance, Alessandro de Crypto says it could give 100x gains after listing on exchanges.

In the last month, we’ve seen Solana meme coin Moo Deng experience a 10x rally, and Launch Coin on Believe do a 70x.

However, both of these projects offer arbitrary value to Solana in comparrison to what Solaxy offers. This signifies that Alessandro de Crypto’s 100x target should not be ruled out.

Solaxy launches test network, unveils token launchpad

One of the most exciting things about Solaxy is that its team is building in public.

They’re publishing bi-weekly developer updates for technologically curious community members, and they’re also launching features in real-time.

Last month, the project successfully implemented its test network which completed over 1 million transactions.

This week, the project broke new ground yet again. It unveiled ‘Igniter Protocol,’ a token launchpad that’ll allow $SOLX holders to create their own tokens.

As mentioned, Launch Coin on Believe did over 70x this month. That project enables people to make their own tokens.

Radium has also seen a massive demand surge due to its LaunchLab feature, which allows users to do the same.

But the current king of the token launchpad space is Pump.fun, a two-click meme coin generator that has earned over $700 million in revenue since 2024.

However, with Solaxy, the Igniter Protocol comes built into the blockchain’s in-house toolkit, helping foster a more integrated and accessible user experience. It could democratize token creation in a way we’ve never seen before, expediting the growth of the Solaxy ecosystem.

That’s not to mention the potential revenue that could be generated – just look at Pump.fun for reference. This revenue could