Can This Layer-2 Propel Solana to $200? Solaxy Presale Raises $32M

After suffering a steep pullback to under $100 in early April, Solana has been rocketing higher. The blockchain’s native SOL gas token is now trading at $146, a more than 50% gain in just a few short weeks.

Now, investors are eyeing the next major milestone for Solana: $200, a price it hasn’t seen since February amid the excitement of Trump’s early days in office.

However, Solana faces a problem reclaiming that level. The blockchain continues to suffer from network congestion, with full-blown outages occurring as recently as last year due to overwhelming traffic and insufficient infrastructure.

Investors are rightly worried that Solana hasn’t solved its underlying technical problems, which could pose a problem for the blockchain’s performance as the next crypto bull run gets underway. As a result, bulls are treading cautiously, and bears are circling, waiting for the next decline in performance to drive down the price of SOL.

However, this pattern of growth-outage-decline could finally be coming to an end thanks to Solaxy (SOLX), a new Layer-2 blockchain built specifically to address Solana’s congestion issues.

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Solaxy Unlocks Solana’s Potential With Ultra-Fast Layer-2

Solaxy is an Ethereum-based project building the first Layer-2 scaling solution for the Solana ecosystem. It’s designed to provide the basic infrastructure Solana needs to scale efficiently, without a risk of congestion or downtime.

The new Layer-2 can process transactions faster than Solana while benefiting from the mainnet’s security, creating a robust new process for transactions within the Solana ecosystem. Solaxy is also expected to be cheaper than the Solana mainnet, encouraging a major shift in traffic from the mainnet to the Layer-2.

It’s a win-win development that promises to give Solana the breathing room it needs without removing demand from the broader ecosystem. Transactions on Solaxy will require the new Layer-2’s SOLX gas token, creating demand for SOLX and pushing up its price. Meanwhile, Solana will benefit from increased transaction volume, reduced barriers to development, and an end to fears about downtime.

So, it’s no surprise that Solaxy’s token presale has been a massive success, especially with Solana bulls. The project has sold more than $32 million worth of SOLX as investors get in early position to use the new Layer-2 and benefit from explosive growth in the SOLX token’s price.

Could Solana Meme Coin Trading Shift to Solaxy?

Solaxy’s biggest near-term impact could be on Solana meme coin trading, which has been a key driver of the ecosystem’s value. Solana meme coins like TRUMP, BONK, and PENGU have a combined market cap of $5.25 billion, and the meme coin generator Pump.fun has earned more than $600 million in revenue since its launch.

Solaxy’s Layer-2 is expected to increase execution speed, minimize the risk of transaction failure, and offer lower gas fees compared to the Solana mainnet. So, it’s likely to be an easy decision for meme coin traders to shift their activity onto Solaxy.

That’s expected to drive massive demand for the SOLX token shortly after its launch. Estimates for how much revenue Solaxy could bring in vary, but crypto analyst Jacob Bury recently predicted the SOLX token could jump by 10x or more after launch.

Meme coin trading often leads to other forms of development, so this would be an important inroad for the new Solaxy Layer-2. Developers of DeFi, crypto gaming, and other projects could choose to move onto Solaxy as the SOLX token’s value rises, fueling even more demand for the new coin.

Solaxy Block Explorer Goes Live as Presale Nears Final Stages

Solaxy has been making significant headway in its efforts to launch its new Solana Layer-2. The project just launched its block explorer, a major step in showing early investors that the chain is getting close to completion.

Next on the development roadmap is Solaxy’s bridge, which will link the Solana and Ethereum networks and enable inflows of capital and development onto the new Layer-2. An integrated development environment and Wiki are also on the way to ensure developers can take full advantage of the Solaxy network.

The project’s rapid pace of development combined with its $32 million raise suggest that there may not be much time remaining for investors to buy the SOLX token before it hits exchanges. Solaxy hasn’t announced an end date for its presale yet, but rumors are flying that the next presale stage could be the last.

Until then, investors can join the SOLX token presale at a price of only $0.001708. Presale investors also earn up to 125% APY for staking their coins, a generous reward that provides an opportunity to fill bags before SOLX launches.

Investors can get the latest updates on the Solaxy presale on X or Telegram. This Layer-2 promises to be a game-changer for Solana and could deliver major gains for early investors, so don’t miss this opportunity to grab SOLX tokens before it’s too late.

Visit Solaxy Presale

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Nikolay

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.