Solaxy Raises $1 Million Overnight, Total Presale Funding Surpasses $48 Million

Solaxy, a Layer-2 blockchain project, has made significant strides in its presale campaign, raising an additional $1 million overnight, bringing the total presale funding to over $48 million with just four days remaining. This rapid fundraising comes as the project unveils two major updates that have generated considerable excitement within the community. The first update is a breakthrough in its cross-chain infrastructure, and the second is the confirmation that Solaxy’s Layer-2 chain will go live shortly after the $SOLX token begins trading on top-tier exchanges.

Solaxy’s token burn is a notable development, with the project burning 35,046,000,000 $SOLX tokens worth over $62 million. This aggressive supply reduction effectively removes 25% of the total supply, enhancing the scarcity of the remaining tokens in circulation. This move is not just symbolic; it is a strategic step toward creating a more sustainable and valuable token ecosystem.

One of the key updates is Solaxy’s partnership with Hyperlane, which lays the groundwork for true cross-chain interoperability between Solana, Solaxy, and Ethereum. Hyperlane’s modular bridge architecture allows tokens to move across chains without compromising speed or decentralization. This means Solaxy users can deposit from Solana, interact with dApps and launchpad protocols on Solaxy, and withdraw with minimal friction. In the long term, this interoperability will enable Ethereum-based users to access Solaxy dApps and token economies directly, bypassing the need to route through Solana first.

Solaxy’s Layer-2 chain and $SOLX token are set to go live together, a rare occurrence in the crypto space. Most projects raise funds and list their tokens, leaving early backers waiting for the core chain or dApp to materialize. Solaxy, however, is launching its Layer-2 chain shortly after the token generation event, ensuring that the token will power a live, growing ecosystem from the start. This immediate follow-through is a testament to Solaxy’s commitment to execution rather than just roadmap promises.

To further support the token launch and stress test the chain, Solaxy has launched a $25,000 bug bounty on Cantina, rewarding those who can uncover critical vulnerabilities. This proactive approach to security and development underscores Solaxy’s dedication to building a robust and reliable Layer-2 solution.

Solaxy is designed to offload high-volume traffic that often clogs the Solana base layer, especially during peak minting cycles, trading bots, and meme coin surges. By routing this activity through its own environment, Solaxy provides a faster, more scalable Layer-2 for interacting with dApps. Projects like Snorter Token ($SNORT), which rely on speed and high-frequency trading, are expected to be interoperable with Solaxy, reinforcing its role as a high-performance Layer-2 built for modern Web3 activity.

With a presale price of $0.001754 and nearly $50 million in funding, $SOLX is poised for significant growth. Even modest activity from Solana’s DeFi ecosystem or stablecoins could push the token well into double-digit multiples. As the presale nears its end, potential investors have a limited window to participate in this rapidly evolving project.

For those interested in becoming early backers, the Solaxy website provides a straightforward process to connect a supported wallet and purchase $SOLX tokens. Newly purchased tokens can be staked immediately to grow holdings passively, with the protocol currently offering a dynamic 85% APY, adjusting based on pool activity. For the best experience, users are recommended to use Best Wallet, a noncustodial Web3 wallet with full presale integration and multichain support. Following Solaxy on Telegram and X can also provide updates and community engagement.