Solana Layer-2 network Solaxy ($SOLX) has blown past expectations for its token presale, raising $27 million and sparking chatter that this could be the most explosive project of 2025.
The impressive fundraising has come at a time when Solana and the rest of the crypto market is down. That suggests that demand for $SOLX is so strong, the token’s price could potentially rocket higher once market conditions rebound.
A resurgent crypto market could also contribute to a tidal wave of trading and development on Solaxy, further elevating the $SOLX token and putting it on the same level as the original $SOL coin.
So, what’s driving the buzz around Solaxy? Let’s take a closer look.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.
The key innovation of Solaxy is that the project is bringing Layer-2 scaling technology from Ethereum to Solana.
Layer-2 networks have been a massive boon for Ethereum, solving many of the network’s problems with congestion and high transaction prices. Today, Ethereum Layer-2s account for a sizable portion of all transactions on the largest smart contract blockchain.
Solana has similarly struggled with network congestion and rising fees, raising concerns that its growth could be cut short as traders and developers look for more scalable alternatives. However, the introduction of Solaxy offers a solution that could boost the Solana ecosystem and pave a clear path into the future.
On Solaxy, Solana meme coin traders can enjoy ultra-fast execution and reduced fees compared to trading on the mainnet. That translates to a sizable edge in a market where every millisecond counts.
At the same time, developers can look forward to a growing user base, lower fees, and greater stability—with no risk of outages—by switching from the Solana mainnet to Solaxy. That makes the Solana ecosystem a much more attractive home for new development, which could spur more growth and kickstart a virtuous upward cycle.
The $SOLX token will sit at the heart of this growth. In addition to offering community rewards and governance properties, $SOLX serves as the native gas token of the Solaxy Layer-2. Every transaction on the network demand $SOLX.
That means as more traders and developers flock from Solana and other major blockchains to Solaxy, demand for $SOLX could rise exponentially. The token’s supply is fixed at 138.046 billion $SOLX, so every bit of new demand is expected to translate to price gains.
Just how big is the opportunity for Solaxy and the $SOLX token? The Ethereum ecosystem and a look at its Layer-2 networks can provide a guide.
On Ethereum, Layer-2 networks have a combined $32 billion in total value locked. Even after accounting for Ethereum’s larger market cap relative to Solana, this suggests that Solaxy stands to capture roughly $9 billion in total value locked.
It’s also noteworthy that while Ethereum has dozens of Layer-2 networks, the two largest—Arbitrum and Base—account for more than 60% of the total value locked. So, it’s very reasonable to assume that Solaxy, as the first and only Solana Layer-2 network, can corner the market and capture the lion’s share of Solana ecosystem growth.
There are also signs that Ethereum Layer-2 networks could lead the crypto market in returns as prices recover. Arbitrum’s $ARB token is up 9% in the past 7 days of trading, far outpacing gains in $ETH or even $BTC. This indicates a strong demand for Layer-2 tokens, which could put even more fuel behind $SOLX’s rise after the token hits exchanges.
Solaxy has attracted the attention of crypto analysts, some of whom have been backing the project since the presale launched and others of whom have recently jumped in after seeing the upswell of investor support.
Predictions for how big the $SOLX token could become vary, but the forecasts are unanimously bullish. Crypto Wire released a video hailing Solaxy as one of the strongest tokens of 2025, and Jacob Crypto Bury called it the next 10x crypto.
The most bullish prediction so far has come from Crypto Boy, who suggested that $SOLX could rocket 100x or more after it hits exchanges. That would give the token a more than $2.7 billion market cap and launch it onto the list of the 50 biggest cryptocurrencies overall.
The Solaxy presale is continuing to build momentum and remains open to investors who want to lock in $SOLX tokens before the coin hits exchanges. Anyone can join the presale using $ETH, $USDT, $BNB, or $SOL.
The project’s smart contract has been audited by crypto security firm Coinsult, so investors can feel confident that Solaxy is secure.
As an added bonus for early investors, Solaxy is offering staking rewards up to 150% APY. So, investors today can fill their bags with even more $SOLX ahead of the project’s launch.
Solaxy hasn’t announced an end date for the presale yet, but it’s likely coming soon. Be sure to follow the project on X and Telegram to get the latest updates on token claiming and listing.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
After a successful $550 million raise for its WLFI token, Donald Trump’s crypto foundation, World Liberty Financial, recently deployed its stablecoin—currently labelled USD1—on Ethereum and the BNB Chain earlier this month. While the token is not tradeable yet, there has been considerable transaction activity—a fact that has caught the attention of investors. This publication is […]
Crypto prices, after a long period of correction, seem to have reversed once again, with Bitcoin and altcoins now making higher highs in the short term. BTC crossed the $87,500 range and seems to be eyeing the strong $90k resistance now—a great sign for altcoins that may likely follow this bullish path. This publication is sponsored. […]
While the global crypto market cap stands at a staggering $2.95 trillion today, it still remains below its December 2024 peak of $3.72 trillion. After a sharp rally late last year, the market has cooled off in Q1 2025, leading to a more cautious tone across sectors like meme coins and altcoins. However, the past […]
One of the biggest and most covered crypto-related lawsuits in the space for several years has been SEC vs Ripple. However, after a battle lasting more than 4 years, the SEC has finally dropped its lawsuit against the company, where it had alleged Ripple of raising $1.3 billion through the sale of its XRP token without […]