Solaxy (SOLX), Solana’s first Layer-2 scaling solution, has now raised over $15 million in its presale phase.
Solaxy Raises $15M for Solana’s First Layer-2 Solution to Tackle Network Congestion
This article was published more than a year ago. Some information may no longer be current.
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Borrowing from Ethereum’s successful scaling strategies, Solaxy aims to process transactions off-chain, managing the congestion that has hampered Solana’s performance.
And investors are hyped about what this might mean for Solana-based trading in the future.
How Solaxy’s Layer-2 Solution Solves Solana’s Congestion Woes
While known for its speed, Solana can experience network congestion similar to rush hour traffic on a busy highway.
Solaxy is like a traffic manager – directing transactions off the main Solana network for processing.
Like a GPS that re-routes traffic through less congested streets, Solaxy bundles these transactions before returning them to Solana for final confirmation.
This approach mirrors Ethereum’s Layer-2 solutions, such as Arbitrum and Optimism, and aims to streamline transaction flow.
The overall goal is to prevent bottlenecks during peak times.
https://x.com/SOLAXYTOKEN/status/1883923468137165020
This goal is particularly relevant during popular meme coin launches or NFT drops, which can sometimes overload the network.
By processing transactions off-chain, Solaxy aims to calm this congestion and maintain Solana’s performance, improving the user experience.
This could be huge for the Solana ecosystem.
When the TRUMP and MELANIA coins launched earlier this month, Solana was unable to handle the surge in traffic, resulting in slower speeds.
However, with Solaxy’s Layer-2 solution, future token launches could avoid this issue – which is excellent news for traders.
Solaxy Presale Hits $15M – Why Investors Are Betting Big on SOLX
Solaxy’s presale is ongoing, offering SOLX tokens at $0.001618 each with several purchase options.
For example, investors can buy SOLX using ETH, USDT, SOL, or a credit/debit card.
More than $15 million has been raised in Solaxy’s presale so far – despite it only beginning in December.
This early fundraising shows just how excited the investment community is about Solaxy’s potential.
YouTuber Crypto June is one of those excited by Solaxy.
He uploaded a video last week discussing the project – and even predicted its native SOLX token could “100x” after hitting exchanges.
Although that’s just his opinion, it speaks to the growing enthusiasm around this new Layer-2 network and its potential.
Why 2025 Could Be Huge for Solana & Solaxy
2025 will be a crucial year for Solana.
With daily DEX volume hitting $115 billion in December and growing institutional interest, the network’s scalability is being tested like never before.
Solaxy could be key to supporting this growth.
Its timing looks strategic, as Solana faces increasing demands from decentralized exchanges.
While the blockchain can already handle 65,000 transactions per second, recent events have shown the need to increase this number.
And Solaxy aims to do just that.
The development team continues to provide regular updates on their website, keeping the community informed about their progress.
Solaxy itself has also been featured on ICOHotList.com – coming in at number two on their list.
Even Cointelegraph, one of the world’s leading crypto news outlets, has published articles about Solaxy.
It seems the hype is ramping up at just the right time.
So, with the next 12 months shaping up to be huge for Solana, Solaxy’s performance and adoption will be closely watched.
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