Solaxy (SOLX) Raises $9.5M in ICO, Could It Be the Next Big Layer 2 Crypto?

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With Solaxy (SOLX) token nearing the $10 million mark, its daily presale activity has reached an impressive $250,000 to $300,000 over the past 24 hours.

This performance is remarkable given the slow activity across other projects, partly due to a national holiday in the United States honoring the life of Jimmy Carter.

Bitcoin prices and trading volumes are down for the day, yet Solaxy has managed to soar in demand.

Solaxy raises $9.5 million in ICO

Solaxy (SOLX) is making waves as a new Layer-2 project on Solana, raising $9.5 million in its ICO so far. Early investors are rushing to grab $SOLX tokens at $0.001596 before the price rises in the next phase.

Buying $SOLX is simple and can be done with ETH, USDT, BNB, or even bank cards. It’s also available through the ‘Upcoming Tokens’ section on Best Wallet, a popular non-custodial crypto wallet. For more information, investors can check out our guide on purchasing Solaxy tokens here.

On the technical side, the $SOLX token passed a security audit by Coinsult, ensuring the team cannot mint additional tokens. The project has allocated 10% of the token supply for exchange liquidity and 15% for marketing, preparing for its post-presale phase.

While the team hasn’t confirmed which exchanges will list $SOLX first, trading is expected to start soon after the token generation event (TGE) at the end of the presale. Each ICO stage is selling out faster than the last, drawing attention from the crypto community.

Popular influencers, like NASS CRYPTO with over one million YouTube subscribers, have featured Solaxy, and top crypto outlets like Cointelegraph have highlighted the project in their articles.

Why Solaxy could be the next big Layer 2 crypto?

Why is Solaxy generating so much excitement? Solana’s rapid growth has caused slowdowns, especially during busy periods of meme coin trading and NFT drops. Data reveals that up to 70% of non-vote transactions fail during peak times, pointing to scalability issues that could limit the network’s long-term success.

Solaxy aims to solve Solana’s congestion problems with features like transaction bundling and off-chain processing, improving Solana’s efficiency without slowing it down.

Source – Solaxy Twitter

Although Solaxy is built to work with Solana, the project will first launch on Ethereum. The team is developing a bridge between the two blockchain networks to connect them.

One key feature of Solaxy is its staking option, offering presale investors up to 367% annual rewards until the presale ends. This encourages early adoption with strong passive income opportunities, allowing investors to maximize gains before the official launch. More than 3 billion tokens are staked so far.

Despite the uncertain market, Solaxy’s ICO success shows that investors are still drawn to projects that tackle real challenges, making it one to watch in the weeks ahead. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.

To take part in the $SOLX token presale visit solaxy.io.

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