Solana’s meme coin sector has generated enormous interest in the network - but congestion and high fees are growing concerns. 

The new layer-2 scaling solution Solaxy (SOLX) is designed to solve these issues and has raised over $26 million in presale funding ahead of its launch.

Solaxy aims to be the first layer-2 scaling solution for Solana

Solaxy is positioning itself as Solana’s first true layer-2 network, designed to tackle the blockchain’s biggest pain points.

As Solana’s popularity has grown, mainly thanks to platforms like pump.fun, its infrastructure has been pushed to its limits.

Solaxy addresses this problem by processing transactions off-chain, bundling them together, and then settling them on Solana’s mainnet.

This approach reduces congestion and speeds up transaction finality – which could benefit both traders and dApp developers.

Beyond scaling, Solaxy is designed for interoperability.

It will offer a multi-chain bridge connecting Solana and Ethereum, enabling simple asset transfers between the two chains.

This gives Solana users access to Ethereum’s liquidity while maintaining the network’s signature speed.

Security is another key focus – Solaxy has undergone a smart contract audit by Coinsult to assess its reliability.

Coinsult’s audit also confirmed that there are no honeypot risks.

This mix of scalability, interoperability, and transparency has many investors monitoring Solaxy's presale progress.

Solaxy presale passes $26m as demand for SOLX tokens rises

Solaxy’s presale has raised $26.7 million as investors buy SOLX tokens early ahead of exchange listings

Currently priced at $0.001666, the token is being sold in phases, with slight price increases every few days.

This structure has fueled early demand – with buyers looking to gain exposure ahead of the Token Generation Event (TGE). 

Investors can also stake their SOLX while the presale is still ongoing.

Staking APYs are estimated at 153%, though they are expected to decrease as more tokens are staked.

Behind the scenes, Solaxy’s tokenomics are built for sustainability.

A total supply of 138 billion SOLX is allocated across development, staking rewards, treasury reserves, marketing, and liquidity.

These allocations aim to fund long-term growth while keeping enough tokens available for trading. 

Solaxy’s team has also outlined an ambitious roadmap for the future.

Their roadmap includes CEX listings, the launch of the Solaxy layer-2 network, and further integrations with Ethereum.

These plans have led CoinSniper to feature SOLX on its crypto presale rankings.

Layer-2 sector expansion sets the stage for Solaxy’s growth

Solaxy’s growing online presence also reflects the excitement around its layer-2 network. 

The project’s X (Twitter) following has grown to nearly 73,000, while its Telegram community has passed 9,600 members – a sign that traders and developers are paying attention.

This momentum comes at a time when layer-2 solutions are becoming more important than ever, not just for Ethereum but for other blockchains looking to scale.

Networks like Arbitrum and Optimism have proved that off-chain processing can dramatically improve speed and cost-effectiveness.

As more projects push for interoperability and new use cases, the role of layer-2s will likely grow.

Solaxy stands out by applying this model to Solana.

If successfully implemented, Solaxy could give traders and developers a scalable alternative without abandoning Solana’s ecosystem entirely.

Plus, its planned cross-chain bridge with Ethereum might bring new liquidity to Solana – creating new opportunities in areas like DeFi.

With its launch expected later this year, all eyes are on how Solaxy positions itself within the blockchain space.