Solana (SOL) May Be Surging with Corporate Investment, But It's Solaxy's Upcoming DEX Launch That Could Unlock the Biggest Upside

As $SOLX nears its presale close, momentum is building fast.

Solana has quietly returned to the minds of institutional investors, especially as the price of the cryptocurrency continues to hover around the $40s. After a period of silence from major U.S. and Canadian firms, there has been a sudden influx of activity in recent days.

Fintech platform Janover, which is publicly traded and focused on providing financial technology solutions to businesses, has added a whopping $11.5 million worth of SOL to its balance sheet. This follows a recent leadership change at the company, with former Kraken executives joining Janover’s management team to spearhead its foray into cryptocurrency.

Over in Canada, SOL Strategies Inc., a company that specializes in cryptocurrency investments and management, went even further by issuing $500 million in stock-convertible bonds. The proceeds from the bond issuance will be used to accumulate SOL and operate validator nodes on the Solana blockchain.

The third heavyweight to join the party is Upexi, a company listed on the Nasdaq exchange. Upexi announced that it is raising $100 million to invest in cryptocurrency, with 90% of the funds earmarked for SOL. The move is being supported by Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX.

This triple threat signals a return of institutional confidence in Solana, an institutionally preferred blockchain despite its high throughput and gas fee issues.

Solana Network Fundamentals Strengthen

On the network side, there have been promising developments as well. The Solana-powered Helium network, which provides wireless coverage using a decentralized blockchain, has reached record highs in validator onboarding and DAO voting activity.

Helium’s $20/month mobile plan, which offers cellular service at a low price, is now stocked in over 3,000 Walmart stores. This marks a significant step towards mainstream adoption for Solana, which is typically known for decentralized exchanges and yield aggregators.

At a network level, the Solana Foundation has quietly made one of the most important governance upgrades to date. Changes to validator onboarding and offloading processes are designed to spread stake more evenly across the network.

This long-term positioning bodes well not just for SOL, but for the new generation of infrastructure projects building atop it.

Solaxy Presale Surges Past $33M As New Exchange Listing Approaches

Enter Solaxy, the first-ever Layer-2 scaling solution for Solana, which is already launching its token on major decentralized exchanges (DEXs). Having raised over $32.5 million from presale investors, Solaxy is aiming to provide faster transactions and lower gas fees for dApps operating on the Solana blockchain.

The project’s presale has seen strong demand, especially in the later stages. With the token generation event fast approaching, it seems like the hype is building rapidly.

At the same time, the project has been integrating key features ahead of launch. Solaxy has already secured Hyperlane integration, enabling cross-chain compatibility with Ethereum and Base. This allows users and developers to easily transfer assets between different blockchain ecosystems without the need for manual bridging.

Moreover, Solaxy’s infrastructure is built with developers in mind. dApps launched on Solaxy’s Layer-2 will benefit from faster speeds and more efficient execution than those relying solely on Solana’s base layer.

This not only improves the user experience but also fosters a new wave of projects built natively on Solaxy – each increasing demand for $SOLX in the process.

According to the Solaxy roadmap, a token claim dashboard will go live after the presale ends, where investors can claim their $SOLX tokens. From there, the token will launch on decentralised exchanges, likely beginning with Ethereum’s Uniswap due to the ERC-20 presale framework.

While built for Solana, $SOLX is currently issued on Ethereum to maximise presale reach. This strategy mirrors that of major players like BNB and Polygon, who began on Ethereum before migrating. Once trading commences, Solaxy will bridge its liquidity to Solana-native DEXs such as Raydium and Jupiter.

LISTEN TO THE MARKET – JOIN THE $SOLX PRESALE BEFORE DEX LAUNCH

Furthermore, Solaxy plans to list on centralised exchanges after its DEX debut. While the names of the exchanges have not been disclosed, listings on large exchanges could rapidly expand exposure for $SOLX, giving it room to explode as liquidity deepens.

As part of this next stage, Solaxy has allocated 13.8 billion tokens – or 10% of its total supply – for exchange liquidity. This ensures smooth trading and substantial order book support as market interest intensifies.

At launch, the Solaxy network is expected to feature the $SOLX token claim function, Layer-2 blockchain operations and the Solaxy Bridge for cross-chain transfers. Users will be able to follow transactions via the blockchain explorer deployed by the team.

All fees on the Solaxty network are paid in $SOLX and adoption will directly impact demand for the token. That means as