Solana's initial Layer-2 solution, Solaxy, successfully gathers $33M in presale funds to combat network congestion.
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The crowds are flocking to the Solaxy presale, pouring in an additional $1 million in a week, pushing Solaxy's funding past a whopping $33.1 million.
With Solaxy being the first Layer-2 solution developed for Solana, it's gearing up to tackle the network's longstanding congestion issues that have hindered its performance during peak demand.
As Solana's ETF approval odds hover at an impressive 90%, the chain is in the midst of a new phase of adoption. But to maintain that momentum, it needs scalable infrastructure. Solaxy's design is just what the doctor ordered – it relieves pressure on the main chain, ensuring fast and affordable performance even under immense strain.
If Solana is to reach its projected $520 price target by VanEck, it needs to stand tall during rushes in demand. Solaxy is built to make that happen.
Currently priced at $0.001714 in the ongoing presale, this could be one of the last chances to grab some tokens before the sale concludes automatically as funding accelerates.
Solana ETF Approval Odds: Game On!
Following the approval of Bitcoin ($BTC) and Ethereum ($ETH) ETFs, a horde of altcoins are now jockeying for a potential ETF listing. Among the frontrunners are Ripple ($XRP), Dogecoin ($DOGE), Litecoin ($LTC), Polkadot ($DOT), Chainlink ($LINK), and Solana.
Several Solana ETF applications from VanEck, 21Shares, Bitwise, and Canary Capital were filed in February 2025, officially registering with the Federal Register. The SEC now has 154 days from that date to make a decision, with the deadline in October 2025.
Things are looking bright for Solana; Bloomberg Intelligence gives it a 90% chance (along with Litecoin) of ETF approval this year. That's one catalyst that could ignite a surge in network activity and help propel $SOL to new heights.
But it's not just ETFs that are revving up the Solana engine. The stablecoin market cap for Solana has surpassed $13 billion in total value locked (TVL), indicating a surge in trust and adoption within the ecosystem.
Meanwhile, companies like Sol Strategies (HODL) and Janover (JNVR) have been aggressively accumulating SOL tokens in late April, granting their investors early exposure to Solana while traditional ETF structures are still in the pipeline. This influx of institutional interest demonstrates that Solana is attracting attention beyond just the crypto-native community.
Solaxy: More Power to the People
Beyond fixing congestion, Solaxy serves as a second engine, expanding Solana's processing power without compromising speed or cost-efficiency. By handling high-volume transactions off-chain and settling them seamlessly, Solaxy transforms Solana into a network equipped to handle the next billion users.
As Solana enters an era of accelerated growth fueled by ETF momentum and a rapidly expanding DeFi ecosystem, the strain on its infrastructure is going to intensify.
That's where Solaxy can best shine. By unloading excess transaction volume from the mainnet, Solaxy keeps Solana snappy, budget-friendly, and scalable even under pressure.
The busier Solana gets, the more vital Solaxy becomes. Every spike in network activity boosts throughput, protocol fees, and utility in the $SOLX economy. This isn't merely backend assistance; it's a leveraged bet on the future of Solana itself.
As developers and token creators look to Solaxy for simpler launches – from DeFi protocols to potential Trump family meme coin projects – the role of $SOLX grows in concert with usage.
Unlike hype-driven assets, Solaxy's value is grounded in real demand. That demand comes from a mainnet with the potential to challenge Ethereum's dominance in smart contracts. For investors, it's one of the rare opportunities to scale along with the chain it supports and thrive as adoption speeds up.
There's practically no escape from the gravitational pull of $SOLX🛸🪐⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⚫️⚫️⚫️⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ more than congestion-proofing, Solaxy acts as a secondary engine, boosting Solana’s processing power without sacrificing speed, cost-efficiency...⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ a leverage bet on the future of Solana throughout adoption⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ #SOLX`
April 23, 2025## Why Cash Is Flying Towards Solaxy
The current rate at which Solaxy is raising funds is way over $1 million a week, and everything indicates that this rate is going to pick up speed as more investors discover its potential. It's not just retail eyes either. There are signs that smart money is starting to flow in, with larger investors possibly piling up on $SOLX tokens as they comprehend that Solana's congestion issues are real and a genuine solution is urgently needed as network traffic soars in 2025.
Solaxy is the only Layer-2 solution offering a native solution for this problem, and that's why it's earning serious consideration among early investors. The momentum Solaxy is generating is not solely based on hype; it's derived from fundamentals.
Solaxy's recent achievements include the launch of its block explorer, and developer updates continue to reveal progress toward mainnet. Future goals include handling 10,000 transactions per second (TPS), and on the bridging side, the SDK has been upgraded with proper CORS configuration. Developers are currently addressing bugs to ensure that the rollup behavior mirrors native Solana Layer-1 expectations – a critical technical milestone.
🚀 The Solaxy Era Begins🚀 🚀The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX dominance. 🛸🪐Check it out for yourself below 👇🛸🪐
April 19, 2025Beyond the tech, investor enthusiasm is fueled by the notion that $SOLX could turn into what $SOL was back when it traded under a dollar. With Solaxy providing a second engine for Solana, early adopters see this as an opportunity to ride the next wave of growth within the Solana ecosystem – with even more upside this time around.
Grab $SOLX before an imminent price explosion, help it reach the $34 million milestoneThe current price of $SOLX sits at $0.001714, but it won't stay this low for long. With everything happening across the Solana ecosystem – and Solaxy's momentum building rapidly – this funding round is about to close in 13 hours. Once it does, the next phase will kick in with a higher token price for incoming investors.
To secure this price, head to the official Solaxy website and link your wallet.
Investors can stake their newly acquired $SOLX tokens through Solaxy's native protocol, currently offering a dynamic 121% APY, which adjusts based on the pool size.
For the best user experience, Best Wallet is recommended. It allows you to view your $SOLX tokens even before the launch, plus offers seamless access across Ethereum and Solana.
The next milestone – $34 million raised – is within reach and could be achieved this week.
Find out more about Solaxy.
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- The Solaxy presale, a Layer-2 solution for Solana, is seeing significant investment, with crowds pouring in over $1 million in a week, pushing its funding past $33.1 million.
- Solaxy's design is aimed at alleviating Solana's longstanding congestion issues, ensuring fast and affordable performance even under immense strain.
- With Solana projected to reach a $520 price target by VanEck, Solaxy is built to help maintain that momentum by providing scalable infrastructure.
- Following the approval of Bitcoin and Ethereum ETFs, Solana is one of the frontrunners for a potential ETF listing, and Solaxy's successful implementation could further propel the network's growth.
