Solana’s first-ever Layer 2 solution, Solaxy (SOLX), has entered its presale’s final stretch after raising over $54.1 million. Buyers have one last shot to buy SOLX for the listing price before it hits the open market.
The presale’s closing phase is speeding ahead despite mixed sentiment in the Web3 space. Bitcoin (BTC) is consolidating near $104,500 after shaking off recent volatility, and Solana (SOL) has dipped below $150 due to renewed geopolitical tensions in the Middle East.
Although these pullbacks have caused some anxiety among day traders, long-term bullish indicators are piling up. For instance, the Hong Kong-listed MemeStrategy Inc. recently bought 2,440 SOL coins for its treasury – and says it will stake the tokens to help secure the Solana network. The news has lifted MemeStrategy’s share price by around 30% during the last few trading sessions, further highlighting stronger institutional faith in Solana.
Such significant moves show growing confidence in Solana’s trajectory, even during temporary market dips. That’s precisely why investors are shifting their focus to next-generation infrastructure projects like Solaxy, which aims to build on Solana’s momentum by delivering fundamental scalability solutions.
In this context, Solaxy’s presale finale has aligned with a range of powerful bullish catalysts centered around the Solana ecosystem – which could all help the SOLX crypto explode when exchange trading begins. For the next five days, early Solaxy supporters can secure their tokens before the claim event begins on June 23.
Solana’s Growth Sparks Demand for Layer 2 Platforms
Throughout the year so far, Solana’s ecosystem has continued to show resilience and attract major investment interest. Back in February, Franklin Templeton moved its $594 million US Government Money Fund (FOBXX) onto Solana via its Benji platform – making the fund tradable directly on the Solana network.
The race to launch regulated Solana investment vehicles has also heated up in recent weeks. This week alone, the asset manager CoinShares (and a partnership between Invesco and Galaxy Digital) filed registration documents to create new spot Solana ETFs in the US market. In doing so, they’ve joined a growing list of firms (including VanEck, Grayscale, and Fidelity) vying to introduce SOL-backed ETFs – a development widely seen as bullish for the asset’s long-term adoption.
On the decentralized application (dApp) front, Solana continues to see robust user activity and innovation. Key Solana projects – from liquid staking protocols like Marinade Finance to decentralized exchanges like Raydium, user-friendly token launchpads like Pump.fun, and the NFT marketplace Magic Eden – have all contributed to Solana’s growing user base and developer community.
However, Solana’s headline-grabbing success has also drawn attention to its scalability limits. The network has processed billions of dollars in on-chain activity in recent months, and past bull cycles also caused occasional network congestion and transaction failures during periods of extreme demand.
Many analysts now believe that Solana’s next major growth lever will be the expansion of Layer 2 solutions – secondary networks that run on top of the base layer to increase throughput. Solaxy is at the forefront of this effort, positioning itself as Solana’s first true Layer 2 chain.
Solaxy Shows L2 Readiness With Testnet Tools and $25,000 Bug Bounty
Solaxy’s Layer 2 platform will function as an extension of Solana, batching and processing transactions on a parallel chain and then posting the results back to the Solana mainnet. This design will use rollups for faster, cheaper transactions (using SOLX as its exclusive payment method), thereby reducing congestion on the Layer 1 and optimizing throughput.
The Solaxy development team has already delivered key components of this technology ahead of the mainnet launch – including a live testnet environment with a functioning SOL bridge and a real-time block explorer, which are both ready for users to try.
The project will also integrate cross-chain capabilities to extend Solaxy’s reach beyond Solana itself. A new partnership with Hyperlane will enable seamless token bridging across Solana, Solaxy, and Ethereum – and it’s possible that Solaxy could look to connect with even more leading blockchains in the future. As SOLX may also function as a governance token, investors will be able to make their voices heard when the time comes to make those decisions.
Developers will soon gain access to the Igniter Protocol, Solaxy’s upcoming token launchpad. It will allow anyone to mint and deploy new tokens easily (as long as they already hold SOLX), tapping into Solaxy’s high-throughput environment for rapid token launches. This feature takes inspiration from Solana’s own meme coin boom (led by platforms like Pump.fun), and is designed to handle continuous token launch traffic at scale – opening the door for the next viral coins and projects to emerge on Solaxy’s network.
Solaxy has also launched a bug bounty program on the Cantina platform. The program offers $25,000 worth of USDC rewards (with an extra $5,000 bonus pool) for anyone who can pinpoint major security gaps before the chain goes live.
Moreover, the team has permanently burned more than 35 billion SOLX tokens even before the coin hits the market, reducing its total token supply by around 25%.
Final Days to Buy SOLX at $0.001766 Before Token Claim
The SOLX token presale has already attracted over $54 million from global investors, reflecting a firm belief that Solaxy could be a game-changer for the Solana ecosystem. As the sale ends in five days, there’s still time for it to rocket past $60 million – especially if whales continue rushing in at the last minute.
Solaxy’s official launch schedule outlines key upcoming milestones. After the SOLX presale token claim and Solana-Ethereum bridge activation on June 23, the team plans to roll out exchange listings, a community wiki, and staking unlocks by June 30. The Solaxy mainnet and its remaining core features will go live in July – giving SOLX immediate utility, and potentially driving exceptional demand.
You can still buy SOLX tokens for $0.001766 and stake them for a very high dynamic annual yield of up to 78%. Thus far, presale buyers have shown serious long-term confidence by staking more than 14.7 billion SOLX via Solaxy’s investment portal.
Visit Solaxy Presale
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