Solana (SOL) and Solana-based tokens were valued at $892.5 billion in late January, but they faced a steep downturn over the past two months, with their current market cap at $163.7 billion.
However, the upcoming release of the Solaxy (SOLX) Layer 2 blockchain for Solana is turning heads among investors who wish to stay in its ecosystem while avoiding the congestion-related issues. That’s why it’s no surprise SOLX is approaching the end of its presale with over $28 million raised since December.
Cryptocurrencies are recovering from the month-long dip that saw their collective value drop to $2.51 trillion in mid-March, with the broader crypto market cap now at its early March levels of $2.86 trillion.
Solana’s congestion issues during high-traffic hours in January had a strong impact on its drop in value, with slow and failed transactions forcing investors to switch to competing chains. The shift helped BNB overtake Solana’s spot as the chain with the most active monthly users since.
Let’s take a closer look at what Solaxy has to offer.
Two Days Remain Until SOLX Price Increase
The Solaxy presale follows a dynamic pricing model that encourages early adoption by progressively raising the per-token price of SOLX. Currently, SOLX costs $0.001676 each, but that price is scheduled to rise in just two days.
According to the project’s whitepaper, SOLX’s price will keep rising until it reaches $0.00169 in its final stage. Investors can purchase SOLX via the presale website using SOL, ETH, USDT, or a credit or debit card.
The token is also available to Best Wallet’s users via the wallet’s “Upcoming Tokens” section. Besides website-supported payment methods, those buying via Best Wallet can also swap their BNB for SOLX.
Fire up the Rockets. 🚀
28M Raised! 🔥 pic.twitter.com/wPiJwl87v7
— SOLAXY (@SOLAXYTOKEN) March 26, 2025
Solaxy’s partnership with Best Wallet fuels bullish sentiment around the project, as Best Wallet previously featured Pepe Unchained (PEPU), a project that developed a Layer 2 solution for Ethereum.
Raising over $70 million during the presale, PEPU surged by over 700% after its first DEX listings. If Solaxy manages to keep its early presale momentum post-launch, it stands a solid chance to achieve similar or greater gains.
Once Solaxy reaches its final presale stage, it won’t be long before the token secures a DEX listing, leaving investors with limited time to purchase it on the ground floor.
Expert Praises Solaxy’s Ambitious Goals and Developer Transparency
Solana has seen some of the biggest meme coin launches in 2024 and Q1 of 2025, including the launch of Official Trump (TRUMP) and Official Melania Meme (MELANIA) in late January. However, the spotlight these launches put on Solana also revealed its inherent congestion issues, which Solaxy now intends to resolve.
The launch of the Solaxy Layer 2 ecosystem, designed to improve Solana’s scalability, is scheduled once Solaxy hits the market. Using a system called rollups, the Layer 2 will bundle transactions and process them off-chain, reducing the burden on Solana’s Layer 1.
However, the transactions will still be settled on Solana’s mainnet to retain its superb security and transparency.
As the Layer 2’s launch approaches, Solaxy’s developers are continuously updating the community on their progress. The most recent dev updates highlight their work on boosting Solana’s transactions per second (TPS), which could also result in lower gas fees for investors.
Presale expert CryptoJack expects Solana to become “ridiculously big this year,” emphasizing the importance of a Layer 2 blockchain for the network.
The expert advises his audience to enter the presale while the entry point is still low, as it could explode alongside Solana once it enters the market.
One of the Next Big Things in the Crypto Market
While Solaxy’s plan to release the world’s first Solana Layer 2 solution sets it apart from other tokens, it’s a meme coin at its core. That’s why the project is heavily focused on two often deciding factors of a meme coin’s success – a strong community and investor security.
With 15% of its total 138 billion token supply reserved for marketing, Solaxy already enjoys the support of over 73,800 followers on X (Twitter) and more than 10,300 on Telegram.
Another 10% of the total token supply is set aside for liquidity, which reduces the risk of a rug pull and lowers slippage to boost investor confidence.
Plus, the project’s smart contract has been audited by Coinsult, which found no issues in its code, confirming there are no threats to investor security.
A fifth of the total SOLX supply is dedicated to staking rewards, with the project’s dynamic staking APY currently at 145%. Although the generous staking returns allow investors to significantly grow their token holdings long-term, the yield will decrease as more tokens are staked.
Since it’s a meme token first, no guarantees can be made about Solaxy’s future success. However, its massive community, ramping momentum, and impressive tech could help it explode on launch, making this the best time to invest in SOLX.
