Solaxy (SOLX) Raises $27M in Presale, Aiming to Become the Next Meme Coin Hub

Solana's rapid growth has been accompanied by a recurring challenge—network congestion. As transaction volumes surge, bottlenecks become apparent

As crypto investors search for the next meme coin to spark interest, one project has emerged with a unique angle—a Layer 2 network for Solana.

Solana’s rapid growth has been accompanied by a recurring challenge—network congestion. As transaction volumes surge, bottlenecks become apparent, leading to slower processing times and network instability.

However, a new project, Solaxy (SOLX), is emerging as a groundbreaking solution to enhance Solana’s scalability and efficiency.

Solaxy: Boosting Solana With Layer 2 Upgrades

Solaxy is the first Layer 2 network on Solana, designed to improve transaction speeds and network performance. This initiative aims to transform Solana into a faster, more efficient blockchain, strengthening its position as a premier asset class in the crypto industry.

Investors who see long-term potential in Solana can gain exposure through Solaxy while benefiting from solutions that address the network’s core limitations.

The project uses rollups to process transactions off-chain before settling them on Solana’s mainnet. This approach reduces congestion and improves transaction finality, creating advantages for both traders and decentralized application (dApp) developers.

Source – Cryptonews YouTube Channel

By processing transactions off-chain, Solaxy enhances scalability, minimizes congestion, and ensures uninterrupted trading activity. Bundling transactions through rollups significantly lowers costs, making the Solana ecosystem more affordable for users.

Solana’s Layer 1 infrastructure secures the network, preserving transaction integrity and reliability. Solaxy also introduces a multi-chain bridge that connects Solana and Ethereum, allowing efficient asset transfers between both ecosystems.

This integration grants Solana users access to Ethereum’s liquidity while maintaining Solana’s speed and efficiency.

Solaxy Presale Reached $27M As Staking Rewards And Exchange Listings Fuel Demand

Solaxy has now raised $27 million, making it one of the fastest-growing presales in the market. $SOLX is still available at $0.001668, although the price will increase in less than 15 hours.

During the presale, investors can purchase $SOLX using $ETH, $USDT, $BNB, $SOL, or a credit or debit card. Popular wallets like MetaMask and Trust Wallet provide easy access to the presale.

Another option for purchasing $SOLX is through the Best Wallet app, which offers a seamless experience for smartphone users.

Best Wallet recently expanded to support Bitcoin and is preparing for its upcoming Solana integration. The app is available for download on Google Play and the Apple App Store.

Source – Solaxy Twitter

The project also offers staking rewards of up to 151% APY, allowing early investors to accumulate more tokens before the official launch. As staking participation increases, APY is expected to decrease over time.

This feature enables investors to earn passive income while contributing to the network’s stability. Over 7.6 billion tokens have already been staked.

Unlike most presales with fixed end dates or hard caps, Solaxy’s team has chosen a more flexible approach. Plans are in place to list $SOLX on a decentralized exchange after the fundraising phase concludes.

The team has also mapped out an ambitious roadmap, including CEX listings, the launch of the Solaxy Layer 2 network, and deeper Ethereum integrations.

Interest in Solaxy is growing, evident in its expanding online presence. The project’s X (Twitter) following has reached nearly 73,000, and its Telegram community has surpassed 9,800 members—signs that traders and developers are closely watching its progress.

Is Solaxy The Next Big Layer 2 Meme Coin?

As crypto investors know, layer 2 solutions are becoming increasingly crucial, not just for Ethereum but also for other blockchains seeking scalability.

Projects like Arbitrum and Optimism have shown how off-chain processing can dramatically improve speed and reduce costs. As interoperability expands and new use cases emerge, layer 2 networks will likely play an even greater role in the industry.

Solaxy stands out by bringing this model to Solana. A successful launch could provide traders and developers with a scalable alternative while remaining within Solana’s ecosystem.

Moreover, the planned cross-chain bridge with Ethereum could bring fresh liquidity to Solana, opening up new possibilities in decentralized finance (DeFi).

With its launch expected later this year, Solaxy’s next steps will be closely followed in the blockchain domain.