Solana (SOL) Layer-2 Scaling Solution Solaxy (SOLX) Raises Nearly $40M in Presale

The cryptocurrency market's current bull run has investors scrambling to identify the next big opportunity, and one project appears to be capturing serious attention

The cryptocurrency market's current bull run has investors scrambling to identify the next big opportunity, and one project appears to be capturing serious attention from both retail and institutional players.

Solaxy (SOLX) is a Layer-2 scaling solution designed specifically for Solana, aiming to mitigate the network's persistent congestion issues while preserving its signature speed and low-cost advantages.

Major Whale Activity Signals Strong Institutional Confidence

Recent activity on the SOLX presale suggests that major investors are making substantial commitments to the project.

One single investor just put up $400,000 in SOLX tokens over the past nine days, and there was another large purchase of 230.8 million SOLX tokens for $200,000 about a month ago.

Another seven-figure transaction was spotted in early March, with an investor committing $242,000 in SOLX.

These substantial commitments from wealthy participants suggest expectations of significant returns once the token reaches public exchanges.

The presale has accumulated an impressive $39.7 million to date, with millions flowing in during recent days alone. Time pressure adds urgency to the investment opportunity, as fewer than 24 days remain before the presale window closes.

Currently priced at $0.001734 per token, SOLX can be purchased using either cryptocurrency or traditional payment methods through compatible wallets like Best Wallet.

Solaxy’s Scaling Solution Addresses Solana’s Biggest Challenge

Solana has gained fame for its speed and efficiency, boasting low gas fees and rapid transaction processing compared to Ethereum. However, Solana’s network can become congested during periods of high activity, leading to increased latency and decreased throughput.

Solaxy positions itself as Solana’s first dedicated Layer-2 scaling solution, targeting the network’s persistent congestion issues while preserving its signature speed and low-cost advantages.

The platform operates by processing high volumes of transactions away from Solana’s main network, then bundling and settling them efficiently on the primary chain.

This architectural approach should dramatically reduce network strain while maintaining the fast transaction speeds and minimal fees that made Solana popular among developers and users.

The SOLX token serves multiple functions within this ecosystem, including covering network fees for transactions processed on the Solaxy infrastructure.

Token holders also gain access to remarkable staking opportunities, with annual yields projected at 101%. Beyond financial returns, SOLX aims to incentivize developer participation in building applications on the platform while potentially granting governance voting rights to holders.

The project’s strategic approach involves launching initially as an ERC-20 token on Ethereum, then bridging to Solana once the mainnet becomes operational. This dual-chain strategy allows Solaxy to leverage the strengths of both blockchain ecosystems.

Analyst Recognition Validates SOLX’s Promising Outlook

Professional validation has come from multiple sources within the cryptocurrency industry. Prominent crypto analyst Borch Crypto has publicly described Solaxy as the “best crypto presale” currently available for investment, lending credible third-party endorsement to the project’s potential.

The token has also secured listings on CoinSniper and ICOBench, both respected platforms that evaluate and rank upcoming cryptocurrency projects. This recognition represents a meaningful vote of confidence from industry gatekeepers.

Traditional crypto media has taken notice as well, with major publications like Cointelegraph featuring detailed coverage of Solaxy’s development and market positioning.

The project’s tokenomics include a dedicated 10% allocation for liquidity provision, suggesting careful planning for smooth trading once public listings commence. While no official exchange listing date has been announced, active Telegram community members anticipate launches shortly after presale completion.

The convergence of several factors makes Solaxy’s emergence particularly timely.

The ongoing crypto bull market has created favorable conditions for new projects to gain attention, while Solana’s growing ecosystem continues to generate demand for scaling solutions.

Solaxy’s position as the first Layer-2 specifically designed for Solana provides a significant competitive advantage in an increasingly crowded blockchain landscape.

The project addresses real technical challenges while offering investors exposure to what could become essential infrastructure for Solana’s future growth.

For investors seeking exposure to cutting-edge blockchain technology during this market cycle, Solaxy presents a unique combination of technical innovation, strong fundraising performance, and positive industry recognition.