Solaxy Raises $50 Million in Presale for Layer-2 Network on Solana

Solaxy, a pioneering project within the Solana ecosystem, has successfully raised $50 million in its presale campaign for its Layer-2 network. This achievement marks a significant milestone in the development of Solaxy's Layer-2 solution, which aims to enhance the scalability and efficiency of the Solana blockchain. The presale, which is nearing its conclusion, has attracted substantial interest from investors, including notable contributions from several large investors, or "whales," who have collectively added significant sums to the project's funding.

The presale campaign has been characterized by a strong community response and strategic token burns, which have helped to drive up the value of the SOLX token. The project's success in raising over $50 million underscores the growing interest in Layer-2 solutions within the blockchain industry. These solutions are designed to address the scalability challenges faced by many blockchain networks, including Solana, by processing transactions off-chain and then settling them on the main chain. This approach can significantly reduce transaction costs and increase throughput, making the network more efficient and user-friendly.

Solaxy's presale has also been marked by its listing on several exchanges, which has further boosted its visibility and accessibility to a broader range of investors. The project's strong community growth and strategic partnerships have positioned it for a major launch in 2025. As the presale draws to a close, investors have a limited window to participate at the current price of $0.00176 per token. The final day of the presale is expected to see a surge in interest as investors rush to secure their tokens before the launch.

The significant burn event, where 35 billion SOLX tokens were eliminated, has piqued investor curiosity, potentially increasing the value of the remaining tokens. The absence of public commentary from prominent crypto figures or regulatory insights raises curiosity about future market positions, especially given the novelty of Solana-based Layer-2 developments. Historical precedents indicate that major Layer-2 launches can prompt considerable volatility and investor interest post-launch. The market anticipates similar trends following Solaxy’s token offering as they pivot towards exchange listings. Prospects for regulatory clarity and community engagement remain pivotal to Solaxy's trajectory. The project's roadmap and presale accomplishments highlight the growing interest in scaling solutions within the crypto ecosystem, especially regarding mainnet security and tokenomics strategies.

Despite achieving one of the largest token fundraises of the year, the leadership team remains anonymous, with no public founder or executive statements available. Investors have shown high trust, although Solaxy has not disclosed specific institutional or retail contributions. The project's unique staking offer of 86% APY for SOLX tokens has generated interest, aiming to fortify mainnet security. As of June 15, 2025, there haven't been any official quotes from key players or leadership associated with the Solaxy project, nor any notable commentary from crypto KOLs or regulators.