Solaxy (SOLX) Rocketed Past $27M in Presale, Eyeing the Explosive Growth of the Meme Coin Supercycle

Solaxy ($SOLX), an emerging meme coin and Layer-2 network for the Solana blockchain, has rocketed past $27 million raised in its ongoing crypto presale.

Solaxy ($SOLX), an emerging meme coin and Layer-2 network for the Solana blockchain, has already raised more than $27 million in its ongoing crypto presale.

This staggering sum is quickly approaching the final presale goal and signals that the new network, designed to ease congestion on Solana and pave the way for explosive growth in meme coin trading, could soon be one of the most valuable projects in the Solana ecosystem.

Analysts are already eyeing potential valuations in the billions of dollars and signaling that the project’s $SOLX token—which serves multiple functions as a gas, reards, and governance coin—could rocket more than 100x by the end of this year.

$SOLX is still available to buy through the presale at a fixed price, creating an opportunity for investors to join Solaxy before the price surges higher. This could be one of the biggest winners of the crypto bull run.

Solaxy Layer-2 Solves Solana’s Network Congestion Challenge

Solaxy is more than just a Layer-2 network. It’s a solution for a challenge that threatens the continued growth of the entire Solana ecosystem: network congestion.

As development and trading volume on Solana have soared over the past 18 months, the blockchain has had a hard time keeping pace. It’s been plagued by outages, slow transactions, and transaction failures.

Each time this happens, traders leave Solana for other blockchains and developers think twice about building on the network. While it’s hard to measure the direct impact of network congestion on Solana’s growth, it likely contributed to BNB Smart Chain recently flipping Solana to become the second-largest smart contract blockchain.

More importantly, it’s clear that the current situation on Solana is untenable if the ecosystem hopes to keep growing.

Enter Solaxy, which offers a way to put an end to congestion on Solana once and for all. Layer-2 technology has proven incredibly successful at cutting congestion on the Ethereum blockchain, and now Solaxy is bringing this approach to Solana.

Solaxy’s Layer-2 network uses zero-knowledge rollups to speed up transaction processing, increase scalability, and reduce transaction costs, all while taking strain off the Solana mainnet. By building on Solana rather than developing its own chain, Solaxy makes it easy for traders and developers to leverage existing tools while reaping the benefits of Layer-2 technology.

On top of that, Solaxy plans to build a cross-chain bridge between Ethereum and Solana. This will make it easier for tokens to flow from the Ethereum ecosystem to the Solana ecosystem—which could pay off handsomely the next time Ethereum stumbles.

Huge Opportunity for Continued Meme Coin Growth on Solaxy

The timing of Solaxy’s launch could hardly be better. With a crypto bull run and meme coin supercycle on the horizon, meme coin trading volume is expected to reach record levels.

Solana’s ability to maintain its status as the leading hub for meme coin launches and trading has increasingly been in question because of its scalability challenges and competition from networks like BNB Smart Chain, Base, and others.

Thanks to Solaxy, it looks like the future of meme coin trading in the Solana ecosystem is secure. However, instead of trading volume taking place on the mainnet, the bulk of trading could shift to Solaxy.

Faster executions and lower fees give traders on Solaxty an edge, so it likely won’t be long before most traders migrate their activity to the Layer-2.

As Solaxy grows, the Layer-2 could also build integrations for Solana’s Pump.fun meme coin generator or deploy its own token generation tools. This would secure Solaxy’s position as the leading network for meme coin trading and ensure it captures the bulk of revenue over the coming supercyle.

$SOLX Token Offers Explosive Growth Potential, Staking and More

Solaxy’s native $SOLX token plays a critical role in the Layer-2’s rollout and growth. It’s required to pay for gas fees on Solaxy, plus offers token holders the opportunity to earn staking rewards and participate in governance.

The simple fact that $SOLX will be required to pay for transactions is crucial, since it means that any growth in use of the Solaxy Layer-2 will spur increased demand for $SOLX tokens. Traders need them to execute transactions and developers need them to launch and run dApps.

So, as meme coin trading volume shifts from Solana to Solaxy, the price of $SOLX could climb steadily. Macro trends like the meme coin supercycle also have the potential to send the price of $SOLX surging in anticipation of increased demand.

Traders and developers who need $SOLX for their activities on the Layer-2 will need to compete with investors, who are expected to covet the token for its community rewards.

During the presale, Solaxy is offering up to 149% APY for staking $SOLX. 25% of the