Solaxy ($SOLX) Raises Another $1 Million, Bringing Its Total Presale Funding to Over $33M

As the first Layer-2 solution being developed for Solana, Solaxy continues its push to address the network congestion that has long limited the chain's performance

Solaxy, the first Layer-2 solution being developed for Solana, has raised another $1 million, bringing its total presale funding to over $33.1 million.

The project is aiming to provide a scalable and efficient solution for Solana, which has been struggling with network congestion during periods of high demand. This issue becomes especially critical as Solana attracts more institutional interest and faces the potential approval of U.S. leveraged ETFs.

With a 90% chance of approval for a Solana ETF in 2025, the network could see a significant surge in activity, putting pressure on its infrastructure to handle the increased volume.

Solaxy is designed to take the load off the main chain, enabling Solana to maintain fast, low-cost performance even when faced with a large influx of users and transactions.

If Solana is to reach the $520 price target projected by VanEck, it must hold up when demand surges. That’s exactly what Solaxy is built to enable Solana to do.

At the current round, $SOLX is priced at $0.001714. With funding accelerating rapidly, this may be one of the last chances to secure tokens before the presale sells out and closes automatically.

There’s a 90% chance that U.S. regulators will approve a Solana ETF in 2025

After the approval of Bitcoin and Ethereum ETFs brought a wave of altcoins lined up for potential ETF listings, multiple spot Solana ETF applications from VanEck, 21Shares, Bitwise, and Canary Capital were officially entered into the Federal Register.

The SEC now has 154 days from that filing date until the October 16 deadline.

According to Bloomberg Intelligence, Solana has a 90% chance (along with LTC) of ETF approval this year, a development that could trigger a surge in network activity and help drive $SOL to new highs.

However, ETFs aren’t the only factor driving Solana’s growth. The chain’s stablecoin market cap has now crossed $13 billion in total value locked (TVL), showcasing the trust and adoption being built in the ecosystem.

At the same time, companies such as Sol Strategies (HODL) and Janover (JNVR) continued to acquire SOL tokens directly in late April, giving their investors early exposure to Solana while traditional ETF structures remain pending. This influx of institutional positioning further highlights how Solana is attracting serious attention from beyond just crypto-native players.

Moreover, Solaxy isn't just about congestion-proofing; it's about expanding Solana's processing power without sacrificing speed or cost-efficiency. By executing high-volume transactions off-chain and settling them back seamlessly, it transforms Solana into a network ready to handle the next billion users.

How does Solaxy benefit from higher network transactions on Solana?

As Solana enters a new phase of growth fueled by ETF momentum and a rapidly expanding DeFi ecosystem, the pressure on its infrastructure is only going to increase.

That’s where Solaxy steps in. By offloading excess transaction volume from the mainnet, Solaxy keeps Solana fast, cheap, and scalable even during peak demand.

The busier Solana gets, the more essential Solaxy becomes. Every spike in network activity drives more throughput, more protocol fees, and more utility into the $SOLX economy. This isn’t just backend support; it’s a leveraged bet on the future of Solana itself.

As developers and token creators turn to Solaxy for smoother launches – from DeFi protocols to potential follow-ups in the Trump family meme coin ecosystem – the role of $SOLX grows in step with usage.

And unlike hype-driven assets, Solaxy’s value is rooted in real demand. That demand is coming from a mainnet primed to challenge Ethereum’s dominance in smart contracts. For investors, it’s one of the few plays positioned to scale with the chain it supports and thrive as adoption accelerates.

"NOTHING can escape the gravitational pull of $SOLX

🪐🛸https://t.co/mdaTX9aVVx pic.twitter.com/JN8DolMy5r"

— SOLAXY (@SOLAXYTOKEN) April 23, 2025

Why is Solaxy’s presale accelerating by over $1 million in new capital every week?

As mentioned, Solaxy is currently raising over $1 million per week – and that pace appears to be accelerating as more investors discover what Solaxy is building.

It’s not just retail either. There are signs that smart money is starting to move in, with larger investors possibly loading up on $SOLX tokens as they recognize that Solana’s congestion issues are real – and a true solution is urgently needed as network traffic ramps up in 2025.

Solaxy is the only Layer-2 offering a native answer to this problem, and that’s why it’s gaining