Solana Layer-2 Network Solaxy ($SOLX) Has Blown Past Expectations for Its Token Presale, Raising $27M

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.

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.

Layer-2 Tech Promises to Reinvigorate Solana Blockchain

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.

Solaxy Eyes $9B Layer-2 Opportunity for Solana Ecosystem

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.

Analysts Back $SOLX for Explosive Returns

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 Coins