Solaxy (SOLX), the first-ever Layer-2 scaling solution built on Solana, is gaining remarkable investor attention as its presale surpasses $50 million with just 48 hours left before token exchange launch. This presale is one of the largest Solana-based ICOs of the year, reflecting strong market enthusiasm.
Solaxy addresses critical issues such as network congestion and failed transactions on Solana by utilizing off-chain rollups to bundle multiple operations into a single transaction on the Solana mainnet. The project recently launched its testnet allowing seamless developer integrations and smart contract deployment, and is preparing major releases including a token launch platform and a decentralized exchange (DEX) that will enhance liquidity.
In an aggressive move to boost token scarcity, the Solaxy team has burned over 35 billion SOLX tokens, worth more than $62 million, ahead of the exchange listing. The multi-chain SOLX token supports staking with an impressive annual yield exceeding 80%, and bridges liquidity between Solana and Ethereum blockchains through a partnership with Hyperlane.
Notably, high-volume crypto whales have purchased nearly $495K worth of SOLX across multiple large transactions in the last 48 hours, including a single $113K buy, signaling strong confidence from experienced investors. SOLX tokens are available at a significant presale discount ($0.00176) before the listing next week.
Analysts and crypto communities, including the 99Bitcoins channel with over 700K subscribers, predict SOLX could deliver up to 10x gains post-launch, potentially reaching $0.032 by the end of 2025. With staking rewards compounding holdings, the growth potential is substantial both short-term and long-term.
The presale acceptance of SOL, ETH, BNB, USDT, and bank cards via official and wallet platforms is opening access to a broad investor base. Solaxy stands out as a robust solution for Solana’s scaling challenges and is poised for significant adoption and market impact as it bridges DeFi ecosystems.