Solaxy Raises $58 Million in Largest Solana Presale Ever

Solaxy, a Layer 2 solution for Solana, has successfully concluded its presale, raising an impressive $58 million. This achievement marks a significant milestone as the largest presale to date for any Solana-based project, highlighting the strong community support and strategic funding for future developments. The presale, which ended on June 23, 2025, focused on enhancing scalability and cross-chain compatibility within the Solana ecosystem.

The presale involved multiple payment methods, including Solana (SOL), Ethereum (ETH), and bank card payments, demonstrating the versatility and accessibility of the initiative. The structured price increases during the presale were designed to reward early adopters with more substantial returns and to generate excitement that drove broader participation. This strategy proved effective, as the presale attracted a wide range of investors and participants.

The successful completion of the presale has had an immediate impact on the cryptocurrency market, influencing transaction volumes on both the Solana and Ethereum networks. Post-presale liquidity is expected to shift towards platforms like Uniswap, where $SOLX tokens have become available for trading. This shift is anticipated to drive substantial trading activity and further integrate Solaxy into the broader cryptocurrency ecosystem.

Looking ahead, the Solaxy initiative is poised to bring significant technological advancements to the Solana ecosystem. While details on fund allocation remain under review, the market is eagerly anticipating Solaxy's potential inclusion in major exchanges. Historical precedents, such as the growth of $BONK post-listing, suggest that Solaxy could experience similar success, driving substantial trading activity and market interest.

Analysts highlight Solaxy's prospects for integration into decentralized systems, noting the ongoing market interest and historical growth trends. The positive sentiment from developers and the community further supports a promising trajectory for Solaxy. However, industry experts are closely monitoring regulatory updates that may arise during the development phases, as these could impact the project's progress and market reception.