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Solaxy raises $9.4M in presale, poised to change meme coin trading as Solana’s first Layer 2 blockchain.
Despite the broader market uncertainty, one crypto that’s on a record-breaking spree is the Solaxy (SOLX) token. In less than a month since launching its presale, Solaxy has already raised $9.4 million from early investors.
Solaxy is Solana’s first-ever Layer 2 blockchain, and is establishing a reputation as the next go-to platform for meme coin trading.
In a year that should see meme coins continue the explosive run that began in 2024, Solaxy’s potential to ease congestion and increase transactional efficiency may be the catalyst that keeps the supercycle alive well into 2025.
SOLX functions as both Solaxy’s native token and a multi-chain coin, and is designed to link Ethereum’s massive $65 billion DeFi TVL with Solana’s speed and cost-effectiveness.
With its presale eyeing the $10 million funding milestone, SOLX looks ready to ride the wave of high demand once it lists on major exchanges.
How Solaxy could set the stage for a meme coin supercycle
The meme coin market surged from about $20 billion at the start of last year to more than $120 billion by December 2024.
This was a massive 6x growth in just around 12 months. Although a short dip in late December briefly shook investor confidence, the new year has witnessed many new meme coins surging again.
Meme coin sector market cap — CoinMarketCap
SPX6900 (SPX) recently hit a billion-dollar market cap, while other projects like Akuma Inu (AKUMA) and ShibaBitcoin (SHIBTC) are also looking to approach this milestone.
In many ways, 2024’s momentum shows no sign of easing, and analysts expect 2025 to bring even more significant gains.
With Solana already being one of the hottest chains for hosting new meme coins, it occasionally struggles under heavy usage and scalability issues.
This is where Solaxy steps in. It’s the first Solana Layer 2 chain, and is already becoming known for its low fees and lightning-fast transaction processing.
What makes Solaxy stand out?
Solaxy boosts Solana’s throughput by routing off-chain activities through its Layer 2 protocol, and settling on the main chain in organized batches.
It addresses some of Solana’s biggest hurdles: network congestion, random transaction failures, and scaling difficulties.
Solaxy’s dev team believes it could surpass Lattice-based hashing systems in terms of efficiency.
The immediate result will be seamless, near-instant trade confirmations, and a strong foundation for decentralized apps. Such an upgrade is especially useful for meme coin traders, who rely on speed to capitalize on market pumps.
Given how rapidly meme coins can skyrocket, being able to trade them quickly is crucial. If speculation on 2025’s meme coin supercycle heats up even more, SOLX and the entire Solaxy infrastructure can cater to the increasing demand.
Is SOLX the next SOL?
As a multi-chain token, SOLX unlocks the best advantages of both Ethereum and Solana, drawing on Ethereum’s liquidity while deploying on Solana’s high-speed, low-fee mainnet.
As the Solaxy network’s native cryptocurrency, SOLX will be used for governance, staking, transaction fees, and more.
The top Layer 2 tokens in the crypto market carry valuations above $1 billion. Should Solaxy live up to its hype, SOLX could rank alongside them.
Popular crypto analysis portals like 99Bitcoins have already identified SOLX as a coin with a possible 10x trajectory.
Solana famously emerged as a potential “Ethereum killer” in 2020, and has risen from about $2.85 in August 2020 to nearly $195 today. That climb has awarded exponential gains to early supporters.
This is why many investors regret missing Solana’s early days – and now, SOLX might be their next big opportunity. If Solaxy becomes a popular destination for meme coin projects building on Solana, it may well be on its way to replicate SOL’s historic gains.
Having raised $9.4 million through its ICO in just a few weeks, SOLX is proving that its demand could spike even higher once it debuts on exchanges.
How to join the SOLX presale
With the SOLX presale nearing $10 million in total funds raised, early buyers can still buy SOLX at its discounted presale price (currently $0.001596).
To join the presale, head over to Solaxy’s official website and buy SOLX using ETH, USDT, BNB, or a bank card.
A crypto wallet is needed to the presale’s interface. One of the most popular choices that’s free to use is Best Wallet – although the presale also accepts Coinbase Wallet, MetaMask, and Wallet Connect.
Right after buying, users can stake their SOLX via Solaxy’s staking protocol, which currently offers an APY of 372%.
For more information, visit the Solaxy token presale website.
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