Crypto investors are eagerly tracking the new Layer-2 project Solaxy ($SOLX), which is closing in on a major presale milestone of $25 million.
Despite the broader crypto market consolidating, Solaxy’s presale has seen impressive momentum. It added over $1.2 million in the past week alone, with daily inflows of roughly $170,000.
Solaxy stands out because it’s Solana’s first-ever Layer-2 protocol, aiming to fix the network’s long-standing issues around scalability. This focus on solving real-world problems has helped the project reach new milestones even during uncertain market conditions.
You can still Buy $SOLX at $0.00164, but this discounted price will increase in the next presale round.
Solaxy Attracts Whales as Investors Back Solana’s Defi’s Growth
On Saturday, Solaxy recorded a massive whale purchase of around $242,000 worth of SOLX. This also sparked an influx of new buyers on Sunday and Monday.
This showed high confidence from large investors, who typically position themselves ahead of major market moves.
Whales tend to do deep research and sometimes even have exclusive insights that are often unavailable to retail investors.
While it’s true that whales are infamous for short-term speculation, they also hold tokens for an extended period when they see lasting utility. In Solaxy’s case, that utility lies in its role as a scaling solution tailored to the Solana network.
The next few days after the large purchase attracted more buyers, as SOLX token presale inched closer to the $25 million milestone. One major reason behind this traction is the belief in the growth of Layer-2 projects.
Popular investment management firm VanEck forecasts that Ethereum’s Layer-2 ecosystem could become a $1 trillion market by 2030.
Van Eck analysts are bullish on Ethereum Layer 2s.
They've made a bold claim that ETH L2s could explode to a $1 trillion market cap by 2030.
The prediction assumes that Ethereum will take 60% of all public blockchain market share.
What's your take?
Ethereum currently dominates the space with scaling solutions like Arbitrum, Base, and Optimism. But Solana has quietly been building its supporters, who remain convinced that SOL can challenge Ethereum to gain market share, especially in DeFi.
A layer-2 solution like Solaxy could help Solana compete more effectively against Ethereum’s established scaling solutions.
How Solaxy Can Set the Stage for Solana’s Mass Adoption
Solaxy’s role as Solana’s first Layer-2 chain is critical. It offers a roll-up solution that solves the core challenges Solana has grappled with since day one.
Although Solana can often process transactions faster and cheaper than Ethereum, it has struggled with network outages whenever network usage spikes. These outages often frustrate users, especially meme-coin traders who need continuous network availability to take quick positions.
A recent example is the network slowdown in January due to high-volume trading during the launch of Trump-themed meme coins.
Solaxy’s roll-up design will free up space on Solana’s mainnet by conducting most transaction processing off-chain. This will reduce congestion and prevent the frequent network outages.
https://twitter.com/SOLAXYTOKEN/status/1894037785763582183
The Solaxy team recently shared a significant development milestone. They’ve successfully tested Hyperlane integration on its devnet.
This will allow smooth asset transfers between Solana L1 and Solaxy’s Layer-2 roll-up. The next step is rolling out a stable production environment with broader asset support beyond SOL.
Solaxy has also integrated the Sovereign SDK, making it easier to create and manage applications on the roll-up network. Plus, upgraded Solana CLI compatibility means that tools designed for Solana can be adapted smoothly for Solaxy, ensuring a shorter learning curve for developers.
A dedicated block explorer is also live for Solaxy’s devnet, and the team is currently working on more optimizations to streamline full deployment.
How to Buy SOLX Tokens Before They Sell Out
With Solana already included in Trump’s U.S. Crypto Reserves list, its native SOL coin could gain more traction in the coming years.
When combined with Solaxy’s potential to reduce network congestion, it’s no surprise that prominent figures in the crypto space, including top platforms like 99Bitcoins, are making bullish forecasts for SOLX.
Early buyers can still grab SOLX during the ongoing presale before it hits the exchanges in Q2/Q3 of 2025.
Go to the official Solaxy presale page. Use a compatible wallet like Best Wallet, which offers multichain support. You can swap SOLX for ETH, USDT, USDC, and BNB. You can even use a card to buy SOLX directly.
Presale buyers can also stake their SOLX tokens for a staking APY of around 164%.