Solaxy Raises $54 Million in Presale Ahead of July 7 Mainnet Launch

Solaxy, a pioneering Layer-2 blockchain project built on the Solana network, has confirmed its mainnet launch date as July 7. This announcement follows a successful presale campaign that has raised $54 million, with only five days remaining for investors to purchase SOLX tokens at the presale price. The presale buyers will be able to claim their SOLX tokens starting from June 23, marking a significant milestone in the project's development.

The launch of Solaxy's mainnet is part of a swift rollout plan that includes the activation of a Testnet Block Explorer and Bridge, which are already live. This multichain functionality allows for seamless integration with both the Solana and Ethereum networks, positioning Solaxy as a versatile and scalable Layer-2 solution. The full launch schedule includes the Token Claim on June 23, followed by the Mainnet Launch and the establishment of bridges connecting Solana, Ethereum, and Solaxy.

The presale campaign has garnered significant interest, with Solana loyalists and meme coin enthusiasts drawn to Solaxy's potential as the first-ever Solana Layer 2. The project combines Solana's speed and low costs with Ethereum's robust framework and scalability, offering a dynamic blockchain solution that appeals to a wide range of investors. The presale has seen an additional $2 million raised after the initial $53.9 million, highlighting the strong demand for SOLX tokens.

The success of Solaxy's presale and the impending mainnet launch come at a time when Solana is experiencing growing adoption and institutional interest. The Total Value Locked (TVL) in Solana now exceeds $8 billion, and the blockchain maintains a vibrant developer base. This momentum is further fueled by the anticipation of a spot Solana ETF, which could dramatically lower barriers to $SOL exposure through traditional brokerage venues. Analysts predict potential approvals for these ETFs in late summer or early fall 2025, although there is no definitive timeline from the SEC.

The launch of Solaxy's mainnet is expected to supercharge Solana's core technical advantages, including low fees and fast transactions. This could potentially drive both $SOLX and $SOL prices higher, as the market recognizes the value of a scalable and efficient Layer-2 solution. However, investors are advised to conduct their own research, as crypto markets are inherently volatile and subject to regulatory risks and market fluctuations.

In summary, Solaxy's confirmed launch timeline and successful presale campaign mark a significant development in the Layer-2 blockchain space. With only five days left to purchase SOLX tokens at the presale price, investors have a limited window to participate in this groundbreaking project. The combination of Solana's speed and Ethereum's scalability positions Solaxy as a promising addition to the blockchain ecosystem, with the potential to drive further adoption and innovation in the crypto space.