Solaxy ICO: First SOL L2 To End Congestion After $33M Raise

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The Solaxy presale has raised an additional $1 million in just one week, pushing SOLX’s funding past $33.1 million.

As the first Layer-2 solution being developed for Solana, Solaxy continues its push to address the network congestion that has long limited the chain’s performance during peak demand.

With ETF filings rising and institutional interest growing, Solana is entering a new phase of adoption. But to support that momentum, it needs scalable infrastructure. Solaxy’s design takes the load off the main chain, maintaining fast, low-cost performance even under pressure.

If Solana is to reach the $520 price target projected by VanEck, it must hold up when demand surges. That’s exactly what Solaxy is built to enable Solana to do.

At the current round, $SOLX is priced at $0.001714. With funding accelerating, this may be one of the last chances to secure tokens before the presale sells out and closes automatically.

Solana ETF Approval Odds Stand At 90%

After the approval of Bitcoin ($BTC) and Ethereum ($ETH) ETFs, a wave of altcoins is now lined up for potential ETF listings. Among the frontrunners are Ripple ($XRP), Dogecoin ($DOGE), Litecoin ($LTC), Polkadot ($DOT), Chainlink ($LINK), and of course, Solana.

Multiple spot Solana ETF applications from VanEck, 21Shares, Bitwise, and Canary Capital were officially entered into the Federal Register in February 2025. The SEC now has 154 days from that filing date until the October 16 deadline.

Bloomberg Intelligence currently gives Solana a 90% chance (along with $LTC) of ETF approval this year, a development that could trigger a surge in network activity and help drive $SOL to new highs.

But ETFs aren’t the only catalyst in play. Solana’s stablecoin market cap has now climbed past $13 billion in total value locked (TVL) – a clear sign of growing trust and ecosystem adoption.

At the same time, companies such as Sol Strategies (HODL) and Janover (JNVR) continued to acquire SOL tokens directly in late April, giving their investors early exposure to Solana while traditional ETF structures remain pending. This influx of institutional positioning further highlights how Solana is attracting serious attention from beyond just crypto-native players.

More than congestion-proofing, Solaxy acts as a second engine, expanding Solana’s processing power without sacrificing speed or cost-efficiency. By executing high-volume transactions off-chain and settling them back seamlessly, it transforms Solana into a network ready to handle the next billion users.

Why More Solana Transactions Boost Solaxy

As Solana enters a new phase of growth fueled by ETF momentum and a rapidly expanding DeFi ecosystem, the pressure on its infrastructure is only going to increase.

That’s where Solaxy steps in. By offloading excess transaction volume from the mainnet, Solaxy keeps Solana fast, cheap, and scalable even during peak demand.

The busier Solana gets, the more essential Solaxy becomes. Every spike in network activity drives more throughput, more protocol fees, and more utility into the $SOLX economy. This isn’t just backend support; it’s a leveraged bet on the future of Solana itself.

As developers and token creators turn to Solaxy for smoother launches – from DeFi protocols to potential follow-ups in the Trump family meme coin ecosystem – the role of $SOLX grows in step with usage.

And unlike hype-driven assets, Solaxy’s value is rooted in real demand. That demand is coming from a mainnet primed to challenge Ethereum’s dominance in smart contracts. For investors, it’s one of the few plays positioned to scale with the chain it supports and thrive as adoption accelerates.

NOTHING can escape the gravitational pull of $SOLX🛸🪐https://t.co/mdaTX9aVVx pic.twitter.com/JN8DolMy5r
— SOLAXY (@SOLAXYTOKEN) April 23, 2025

Real Tech, Real Demand: Why Investors Are Pumping $1M A Week Into Solaxy

As mentioned, Solaxy is currently raising over $1 million per week – and that pace appears to be accelerating as more investors discover what Solaxy is building. It’s not just retail either. There are signs that smart money is starting to move in, with larger investors possibly loading up on $SOLX tokens as they recognize that Solana’s congestion issues are real – and a true solution is urgently needed as network traffic ramps up in 2025.

Solaxy is the only Layer-2 offering a native answer to this problem, and that’s why it’s gaining serious traction among early investors. Momentum like this doesn’t come out of nowhere – it’s driven by fundamentals.

And Solaxy isn’t just a concept. Last month, the team launched its block explorer, and developer updates continue to showcase progress toward mainnet. The latest goals include 10,000 transactions per second (TPS), and on the bridging side, the SDK has been upgraded with proper CORS configuration. Developers are actively addressing bugs to ensure that the rollup behavior mirrors native Solana Layer-1 expectations – a key technical milestone.

🔥 The Solaxy Era Begins 🔥

The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐

Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb
— SOLAXY (@SOLAXYTOKEN) April 19, 2025

Beyond the tech, what’s fueling investor excitement is the idea that $SOLX could become what $SOL was back when it traded under $1. With Solaxy acting as a second engine for Solana, early adopters see this as a chance to ride the next leg of the Solana ecosystem’s growth – this time with even more upside.

Buy $SOLX Before An Imminent Price Hike, Help Send It To $34M Milestone

The current price of $SOLX is $0.001714, but it won’t stay this low for long. With everything happening across the Solana ecosystem – and Solaxy’s momentum building fast – this funding round is about to close in 13 hours. Once it does, the next stage will kick in with a higher token price for incoming investors.

To lock in this price, head to the official Solaxy website and connect your wallet.

Newly purchased $SOLX tokens can be staked through Solaxy’s native protocol, currently offering a dynamic 121% APY that adjusts based on overall pool size.

For the smoothest experience, Best Wallet is the recommended option. It gives you full visibility of your $SOLX tokens even before launch, plus seamless multichain access across Ethereum and Solana.

The next milestone – $34 million raised – is within reach and could be hit this week.

Learn more about Solaxy.

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