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Solana has been struggling lately, but could the launch of Solaxy (SOLX) be the catalyst for its return to $200?
As a Layer-2 solution built to tackle Solana’s scalability issues, Solaxy has drawn massive attention from investors.
And with over $26 million raised in its presale, this project has some serious momentum behind it.
Solana Struggles for Momentum While Solaxy’s Presale Hits Key Milestone
Solana hasn’t had the best run lately.
After hitting a seven-month low earlier this week, SOL has managed a slight rebound to $125, but there’s no real sign of bullish momentum.
Bears are still in control, and with no major catalysts in the short term, traders are wondering what could spark the next rally.
Meanwhile, Solaxy is thriving.
Its presale is raising hundreds of thousands daily, with investors piling in despite Solana’s struggles.
What is Solaxy? 🤔
Solaxy is the latest and greatest improvement to Solana that:
🛸 Processes transactions off-chain to reduce congestion
🛸 Uses rollups to bundle transactions for cost-efficiency
🛸 Maintaining security on Solana’s L1
The result? A faster, cheaper, &… pic.twitter.com/aphIimSVOy
At just $0.001662 per token, SOLX is still available at a discount, and buyers can get in using crypto, a bank card, or directly through the Best Wallet app.
That accessibility, paired with strong growth on X (Twitter) and Telegram, has helped boost Solaxy’s momentum.
Up next is a DEX listing for SOLX – and potentially a CEX listing if all goes well.
Plus, with 10% of the supply set aside for liquidity, the team has put a strong foundation for price stability.
This sharp contrast to Solana’s recent price action raises the question: Could Solaxy be the catalyst for SOL’s turnaround?
What Is the Solaxy Layer-2 and Why Are Investors So Hyped?
Solaxy is the first genuine attempt at a Solana scaling solution.
While Solana is already one of the fastest blockchains, it has had its fair share of congestion issues, especially during meme coin launches.
Solaxy aims to solve these issues by processing transactions off-chain while benefiting from Solana’s security.
Think of it like another lane on a busy highway: transactions get routed through Solaxy, reducing bottlenecks and keeping things running smoothly.
This means lower fees, faster speeds, and fewer failed transactions.
The hype around Solaxy’s vision has been massive, with the project ranking high on platforms like CoinSniper and ICOBench.
Major crypto YouTubers, including Crypto Wire, have praised its potential – and even Cointelegraph has covered its rise.
The meme coin-inspired branding adds another layer of appeal, helping it gain traction in Solana’s ecosystem.
And with plans for a cross-chain bridge to Ethereum, many believe Solaxy could be one of the biggest blockchain infrastructure projects of 2025.
Can Solaxy Be the Catalyst That Sends Solana Back to $200?
For Solana to hit $200 again, it would need a 60% rally from here – a big move, but far from impossible.
SOL has made similar comebacks before, and with support around $112 holding firm, there’s a chance that Tuesday’s dip marked a bottom.
A recovery to $200 would erase all losses sustained in the last month.
But for that to happen, Solana needs a catalyst, and that’s where Solaxy comes in.
A successful Solaxy launch could bring new momentum by solving the key issues holding Solana back.
If it delivers on its promise of reduced congestion and lower fees, Solana would become more attractive to both developers and traders.
A smoother, more scalable blockchain means more adoption – whether it’s DeFi, NFTs, or high-frequency trading.
And if Solaxy’s proposed cross-chain bridge brings in Ethereum liquidity, that’s more fuel for SOL to grow.
Even just the hype around Solaxy could boost Solana.
Just like Ethereum’s Layer-2 boom helped drive ETH’s price higher, a successful Solaxy rollout could put SOL in the spotlight.
More media attention and increased investor interest often lead to price pumps.
For that reason, the Solaxy Layer-2 project is worth watching as the team prepares for the first exchange listings.
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