Solaxy (SOLX) Token Presale Defies Crypto Market Dip to Raise Over $23 Million

The crypto market is experiencing a heavy dip right now, but one new project is defying the downturn to hit new milestones in its ongoing presale phase.

The crypto market has been experiencing a significant downturn, yet one new project has managed to defy the bleak outlook and hit new milestones in its ongoing presale phase.

Solaxy, a project aiming to create the first-ever L2 scaling solution for Solana (SOL), has now raised over $23 million. This showcases the sustained interest and confidence investors have in the project.

It’s no secret that investors are keen on projects that offer either a strong narrative—which usually attracts meme coin investors—or projects with utility that can generate revenue for investors. Solaxy, however, caters to both investor groups.

Solaxy is designed to overcome some of Solana’s most pressing issues: network congestion and transaction failures, which have become all too common for everyday users.

With the proposed advancements to Solana via a Layer-2 blockchain solution, Solaxy is positioned to take Solana to a different level.

Solana Is Handling Triple-Digit Billions in Volume

Solana is known for its speed, capable of processing an average of over 4,500 transactions per second (TPS). This is also why many crypto projects and meme coins decide to launch on Solana, with thousands of new meme coins launched daily.

Recently, U.S. President Donald Trump launched his OFFICIAL TRUMP ($TRUMP) meme coin on Solana, and just days later, Melania Trump’s ($MELANIA) meme coin was launched.

These high-profile token launches caused high network congestion, and typical Solana users experienced multiple transactions failures. Simple token swaps, depositing or withdrawing funds from DeFi platforms, and interacting with Web3 games on Solana became tedious.

However, Solaxy is about to change that. The project is building a Layer-2 solution specifically for Solana. Combining Solana’s robust performance with advanced rollup architecture, Solaxy is designed to improve transaction speed, scalability, and reliability.

Network congestion, which would previously cause slowdowns and service interruptions, will be minimized. The platform guarantees reliable transaction processing even during peak times, eliminating the frustration of failed transactions.

The Solaxy team has been working hard on the project, and they recently shared a dev update highlighting their progress.

A significant highlight is the successful Hyperlane integration, which enables seamless asset transfers between Solana and Solaxy’s Layer-2 rollup on Solana devnet and local instances. Live deposit and withdrawal functionalities have also been added, enhancing liquidity management and ensuring smooth fund movements within the network.

The next steps will be to fully optimize the devnet for program deployment and to ensure a user-friendly development environment. For the latest news, follow Solaxy on X and join their Telegram group.

What Makes $SOLX Attractive For Investors?

The $SOLX presale allows early investors to buy tokens at a discounted price of $0.001646, with a price increase happening in less than 24 hours.

Additionally, presale participants can stake their tokens for a dynamic APY of 173%, earning more $SOLX tokens while they wait for the presale to end. This model offers early backers the best deal.

Moreover, the $SOLX token serves as a crucial link between two leading blockchain ecosystems. It combines the liquidity of Ethereum with the speed and efficiency of Solana, opening up new possibilities for multi-chain DeFi applications.

This connection allows users to benefit from the strengths of both networks, creating a versatile and potentially lucrative trading experience.

Thanks to Solaxy’s strong utility, Borch Crypto, a popular crypto YouTuber, believes Solaxy can 50x after launch.

Following the presale, $SOLX will be available on leading centralized and decentralized exchanges. Early participants can claim their tokens immediately after launch. For those who have staked their tokens, they will become available seven days post-launch.

With over $23 million already raised, the $SOLX presale is a massive success. The token price is set to rise in less than 24 hours, making this a limited-time opportunity to invest at the current rate.

With its multi-chain integration and ability to solve Solana’s pressing issues, Solaxy is shaping up to be a standout player in the fast-evolving blockchain industry.