Solaxy (SOLX) Layer 2 Blockchain for Solana to Release Soon, Raising Capital Through Presale

Solana (SOL) and Solana-based tokens were valued at $892.5 billion in late January, but they faced a steep downturn over the past two months

Solana (SOL) and Solana-based tokens were valued at $892.5 billion in late January, but they faced a steep downturn over the past two months, with their current market cap at $163.7 billion.

However, the upcoming release of the Solaxy (SOLX) Layer 2 blockchain for Solana is turning heads among investors who wish to stay in its ecosystem. It’s why SOLX is approaching the end of its presale with over $28 million raised since December.

Cryptocurrencies are recovering from the month-long dip that saw their collective value drop to $2.51 trillion in mid-March, and the broader crypto market cap is now at its early March levels of $2.86 trillion.

Solana’s congestion issues during high-traffic hours in January had a strong impact on its drop in value, with slow and failed transactions seen throughout the network. They also forced investors to switch to competing chains, which ultimately helped BNB overtake Solana’s spot as the chain with the most active monthly users since January.

Let’s take a closer look at what Solaxy has to offer.

Two Days Remain Until SOLX Price Increase

The Solaxy presale follows a dynamic pricing model that encourages early adoption by progressively raising the per-token price of SOLX. Currently, SOLX costs $0.001676, but that price is scheduled to rise in just two days.

According to the project’s whitepaper, SOLX’s price will keep increasing until it reaches $0.00169 in its final stage. Investors can purchase SOLX via the presale using SOL, ETH, USDT, or a credit or debit card.

The token is also available to Best Wallet’s users via the wallet’s “Upcoming Tokens” section. And besides the website-supported payment methods, those buying via Best Wallet can also swap their BNB for SOLX.

Fire up the Rockets. 🚀

28M Raised! 🔥 pic.twitter.com/wPiJwl87v7

— SOLAXY (@SOLAXYTOKEN) March 26, 2025

Solaxy’s partnership with Best Wallet fuels bullish sentiment around the project, as Best Wallet previously featured Pepe Unchained (PEPU), a project that developed a Layer 2 solution for Ethereum.

Raising over $70 million during the presale, PEPU surged by over 700% after its first DEX listings. If Solaxy manages to keep its early presale momentum post-launch, it stands a good chance of achieving similar or greater gains.

Once Solaxy reaches its final presale stage, it won’t be long before the token secures a DEX listing, leaving investors with limited time to purchase it on the ground floor.

Expert Praises Solaxy’s Ambitious Goals and Developer Transparency

Solana has seen some of the biggest meme coin launches in 2024 and Q1 of 2025, including the launch of Official Trump (TRUMP) and Official Melania Meme (MELANIA) in late January. However, the spotlight these launches put on Solana also revealed its inherent congestion issues, which Solaxy now intends to resolve.

The launch of the Solaxy Layer 2 ecosystem, designed to improve Solana’s scalability, is scheduled once Solaxy hits the market. Using a system called rollups, the Layer 2 will bundle transactions and process them off-chain, reducing the burden on Solana’s Layer 1.

However, the transactions will still be settled on Solana’s mainnet to retain its superb security and transparency.

As the Layer 2’s launch approaches, Solaxy’s developers are continuously updating the community on their progress. The most recent dev updates highlight their work on boosting Solana’s transactions per second (TPS), which could also result in lower gas fees for investors.

Presale expert CryptoJack expects Solana to become “ridiculously big this year,” emphasizing the importance of a Layer 2 blockchain for the network.

The expert advises his audience to enter the presale while the entry point is still low, as it could explode alongside Solana once it enters the market.

One of the Next Big Things in the Crypto Market

While Solaxy’s plan to release the world’s first Solana Layer 2 sets it apart from other tokens, it’s a meme coin at its heart. That’s why the project is heavily focused on two often-decisive factors of a meme coin’s success – a strong community and investor security.

With 15% of its total 138 billion token supply reserved for marketing, Solaxy already enjoys the support of over 73,800 followers on X (Twitter) and more than 10,300 on Telegram.

Another 10% of the