How Solaxy Raised $18M And What It Means For Solana’s Future

• Solaxy’s presale exceeds $18m
• It can handle 65,000 transactions per second
• It is currently the hottest ICO in the market

On February 5th, 2025, Solaxy (SOLX), Solana’s first and only layer-2 solution, crossed the $18 million mark in its presale. The token is generating about $1 million daily from early investors, making it a top crypto presale among its peers.

Solana is famous for its fast and efficient network. However, users have expressed concern about recurring transaction failures and network congestion. That’s why Solaxy came with the sole aim of improving transaction efficiency and helping the network to scale up without limitations. The fact that the token has crossed $18 million means investors are confident about Solana’s promise to fix its current problems. 

A Closer Look at Solana’s Scalability Issues

Solana has the capability to perform an impressive 65,000 transactions per second (TPS). This capability is what makes it a high-performance blockchain network. However, whenever there is an increase in trading activities within a short period, it causes network congestion, slowing down or failing transactions. 

A recent example of this occurred hours before inauguration day in January 2025. It was reported that the Trump-themed meme coin (TRUMP) and Melania-themed memecoin (MELANIA), which were launched on the Solana network just hours before the inauguration, caused serious delays as users rushed to grab the tokens.

The crypto space is always expanding, and with that, a need for blockchain networks to follow suit. Ethereum, for example, has multiple layer-2 solutions to accommodate NFTs, decentralized applications (dApps), and even DeFi platforms, which is why it is a major player in the crypto space. For Solana to successfully compete, it needs to match or exceed Ethereuem’s solutions. Solana is hoping that Solaxy is enough to address its scalability issues, at least for now. 

The $17M Presale and What It Means for the Network

Solana’s token, Solaxy (SOLX), is currently selling at $0.001626 a piece at its presale. That might not seem like much to most people, but it is part of the advantages of getting in on presales. You get potentially high-value tokens at affordable prices. 

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So far, buyers have staked over 5 billion tokens with a promise of 229% annual returns. The project has generated over $17M in token sales. This early success can only mean one thing – that investors have confidence in Solana and its latest product. 

The team behind Solaxy is pulling all the right moves with community engagement. On X, it has gained over 64,400 followers. On Instagram, it has over 107,000 members, while on Telegram, it has over 5,000. 

Beyond social media, it ranks number one on the ICO Hot List of upcoming Initial Coin Offerings (ICO) of 2025.

Solaxy’s Success and Solana’s Future

Solaxy has taken some steps to help it stand out in the future. One of them is its cross-chain capabilities. Users can easily move their assets between Solana and other networks. Another step is its use of high-level security protocols. 

Its smart contracts were recently audited by Coinsult, a pioneer of blockchain security, and they found zero vulnerabilities. This kind of result helps present and future investors have peace of mind knowing that their assets are fully secure.