Solaxy Raises $30.8M in Presale – Here's Why Investors Are Favoring This New Layer 2 Over MANTRA

MANTRA is currently trading at $0.59, having recently experienced a sharp decline despite a brief relief rally that peaked around $0.70. The token has dropped approximately 15%

As cryptocurrency prices continue to fluctuate sharply, investors are looking for new opportunities in the evolving market.

While the recent downturn has affected several tokens, including MANTRA, which has seen its market cap shrink from $600 million to $35 million, other projects are entering the scene with fresh offerings.

One such project is Solaxy, a new Layer 2 blockchain aiming to solve some of Solana’s most persistent issues, including network congestion and transaction failures during high-traffic periods.

Its development is focused on creating a smooth, fast, and cost-efficient environment that enhances overall blockchain performance.

Solaxy is designed to be more scalable than the main Solana network, integrating Layer 2 technology into the meme coin narrative.

The project’s identity is uniquely memeable while boasting serious technical advantages that could benefit developers, DeFi users, and investors alike.

In a developer update released on April 15th, the team at Solaxy shared several key advancements across data availability, rollup performance, and bridging.

Analysis revealed that with optimal configurations, the system can sustain data throughput of 140KB/s on the Solana mainnet, significantly improving storage speed and overall user experience. Minor enhancements were also made to the CLI interface.

On the rollup front, efforts are ongoing to boost throughput, with a target of reaching 10,000 transactions per second. Meanwhile, bridging improvements include the implementation of proper CORS support within the SDK.

The team is now working to resolve bugs that cause rollup behavior to diverge from the expected native Solana Layer 1 standards, which has affected UI compatibility.

The Solaxy presale appears to be gaining momentum quickly, with Solaxy raising over $30.8 million in a short period—indicating strong market interest and investor confidence.

The current price is set at $0.0017 per token, and it supports purchases via $ETH and $USDT through popular wallets like MetaMask, Coinbase Wallet, and Best Wallet. The total token supply is 138,046 billion, with a transparent breakdown of allocations available for investors to review.

From a utility perspective, Solaxy integrates robust staking mechanisms with lucrative reward structures. Almost 9 billion $SOLX tokens have been staked so far, providing participants with an impressive annual yield (APY) of 131%.

This adds an extra layer of incentive for long-term holders and active participants in the ecosystem. The token also boasts multi-chain potential, setting the stage for broader interoperability beyond just Solana.

The developers describe Solaxy as a missing piece in Solana’s architecture—an upgrade that not only boosts performance but also redefines the chain’s capabilities in handling DeFi applications and high-volume transactions.

With a strong social presence of nearly 80,000 followers on Twitter and Telegram, Solaxy is strategically positioned for significant growth.

As it continues to raise funds to build out its Layer 2 infrastructure, the project invites early adopters to be part of what could be a crucial advancement for Solana-based applications. To take part in the $SOLX token presale, visit solaxy.io.