Solaxy (SOLX), a new cryptocurrency positioned at the intersection of meme coin culture and high-utility blockchain infrastructure, has raised nearly $44 million in its ongoing presale ahead of its launch in June 2025. It aims to become Solana’s first Layer-2 scaling solution, designed to alleviate network congestion by off-chain transaction processing and bundling.
The SOLX presale, which still has about 12 days remaining, offers a chance for investors to acquire tokens before future exchange listings. Currently, over 12.4 billion of the total 100 billion SOLX tokens have already been staked, with an initial staking APY of 92%, significantly higher than traditional financial returns.
Solaxy’s Layer-2 infrastructure focuses on modular architecture, enabling developers to create customized decentralized applications (dApps) optimized for sectors like DeFi, NFTs, and high-throughput gaming. Additionally, the project is working on bridging Solana with Ethereum to facilitate seamless token interoperability and access to broader liquidity pools.
Recently, Solaxy launched its first-ever public testnet, marking a critical milestone as the first operational Layer-2 environment for the Solana blockchain. The testnet allows early users to bridge assets, deploy smart contracts, and explore the system’s key features via a Block Explorer. Further developments, including native decentralized exchange (DEX) trading and an Igniter launchpad, are expected soon.
Cryptocurrency analysts have expressed strong optimism about Solaxy’s future, highlighting its transparency with accessible development milestones and timelines. Analyst Austin Hilton has praised its staking incentives and robust community backing as vital for the token’s long-term viability. The simultaneous rise of SOLX aligns with hopes that it will boost Solana's scalability and performance, potentially restoring investor confidence in SOL, which is currently trading below previous highs despite strong institutional interest.
Overall, Solaxy is anticipated to become a key catalyst for ecosystem growth on Solana by providing scalable, efficient Layer-2 capabilities, encouraging new projects, and increasing token demand both for SOLX and SOL.