As the crypto summit fuels Solana's growth, Solaxy (SOLX) emerges as a top cryptocurrency investment

The cryptocurrency market is currently experiencing significant volatility, a trend that has persisted over the past several months.

The cryptocurrency market continues to experience significant volatility, a trend that has been evident over the past several months. This volatility is fueled by a combination of events, including recent election-related market shifts, discussions surrounding a cryptocurrency reserve, and the ongoing cryptocurrency summit.

The summit, taking place today, has sparked debate about the U.S. government's role in crypto-related conversations. Some view this involvement as a positive step toward legitimacy and institutional adoption, while others are concerned about potential regulatory implications. A key focus of the summit is to encourage innovation and establish a clear regulatory framework, which could boost investor confidence and encourage broader adoption of cryptocurrencies.

The summit also includes a roundtable discussion with executives from leading crypto platforms like Kraken, Coinbase, and Robinhood, along with figures from various blockchain projects.

Recent market movements are also driven by a period of sharp gains in cryptocurrencies, followed by profit-taking activity. Additionally, discussions around cryptocurrency reserve accumulation have come to the forefront. Recently, a strategic Bitcoin reserve was announced, highlighting Bitcoin, Ethereum, Cardano, XRP, and Solana as core assets for the reserve. This decision has generated both praise and criticism, with some seeing it as a legitimizing step for cryptocurrencies and others questioning the necessity of government involvement in cryptocurrency investment.

Solana’s inclusion in the strategic reserve has brought attention to its Layer 2 projects, particularly Solaxy (SOLX).

Solaxy (SOLX) Presale Hits $25.5M — Strong Staking Rewards and DEX Listing Ahead

Solaxy’s presale has quickly become one of the biggest crypto stories of early 2025, raising over $25.5 million. Since launching in mid-December, it has consistently hit new milestones, with $SOLX tokens now priced at $0.001658.

That marks a 50% rise from the initial price. Early investors can purchase $SOLX using crypto or a credit/debit card. The Best Wallet mobile app also offers a simple way for smartphone users to buy $SOLX.

A major highlight is the staking program, which currently provides a massive 160% APY during the presale phase. As more investors participate, these rates gradually decrease, but they have already locked up a large portion of the $SOLX supply—encouraging long-term holding.

Solaxy’s presence on social media is also gaining traction. Its Telegram channel now has over 8,900 members, while its X (Twitter) following has grown to 69,300. This increasing support could fuel demand when $SOLX launches.

The team has already outlined plans to list $SOLX on a DEX shortly after the presale ends, with 10% of the supply reserved for liquidity. On the security front, Coinsult conducted an audit of the project and found no major issues.

Solana, renowned for its high throughput and minimal transaction costs, has become a hub for meme coins. However, this widespread popularity has led to significant congestion on the Solana network.

During periods of heightened activity, a large portion of Solana transactions fail, and similar issues arise after high-profile events, even despite efforts to upgrade the network.

This growing problem increases the demand for Layer-2 solutions within the Solana ecosystem, and Solaxy (SOLX) is taking direct aim at resolving this.

Solaxy’s Layer-2 architecture uses advanced technologies to reduce congestion by bundling transactions off-chain and publishing state changes on the mainnet, aiming for zero downtime. It also delivers low-latency transactions and lower user fees, while optimizing data storage.

Moreover, Solaxy is developing a multi-chain bridge for seamless cross-chain transfers between major blockchains. The team is working on user accessibility by partnering with leading crypto wallets and enabling token launches on the platform.

Layer-2 coins have shown mixed performance in the current market, but top Bitcoin and Ethereum L2s maintain strong valuations and are expected to perform well in the next market cycle.

This potential, combined with Solaxy’s impressive early presale performance and its ability to alleviate Solana’s congestion issues, has led experts to believe that $SOLX is currently undervalued.

Analysts and influencers are predicting significant returns for $SOLX tokens. As Solana regains interest and network congestion increases, Solaxy could be the key to maintaining stability, potentially pushing Solana to new all-time highs.