Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.
Solaxy raises $9.4 million in presale, poised to change meme coin trading as Solana’s first Layer 2 blockchain.
Despite the uncertainty of the wider market, one crypto that is on a record spree is the Solaxy (SOLX) token. In less than a month since launching its presale, Solaxy has already raised $9.4 million from early investors.
Solaxy is Solana’s first Layer 2 blockchain, and is establishing a reputation as the next meme coin trading platform.
In a year that should see meme coins continue the explosive run that began in 2024, Solaxy’s potential to ease congestion and increase transactional efficiency may be the catalyst that keeps the supercycle alive until 2025.
SOLX functions as Solaxy’s native token and multi-chain coin, and is designed to link Ethereum’s massive $65 billion DeFi TVL with Solana’s speed and cost efficiency.
With its presale targeting the $10 million funding rate, SOLX looks poised to ride the wave of high demand once it lists on major exchanges.
How Solaxy could set the stage for a meme currency supercycle
The meme coin market has grown from about $20 billion at the beginning of last year to more than $120 billion by December 2024.
This was a massive 6x growth in just about 12 months. Although a brief downturn in late December briefly shook investor confidence, the new year saw several new meme coins making a comeback.
Market capitalization of the Meme coin sector — CoinMarketCap
SPX6900 (SPX) recently reached a market capitalization of billions of dollars, while other projects such as Akuma Inu (AKUMA) and ShibaBitcoin (SHIBTC) are also trying to approach this milestone.
In many ways, the momentum of 2024 shows no sign of easing, and analysts expect 2025 to bring even more significant gains.
With Solana already being one of the hottest chains for hosting new meme coins, it occasionally struggles with heavy usage and scalability issues.
This is where Solaxy comes in. It is the first Solana Layer 2 chain, and has already become known for its low fees and ultra-fast transaction processing.
What sets Solaxy apart?
Solaxy increases Solana’s production through off-chain activity through its Layer 2 protocol, and by establishing itself on the main chain in organized batches.
It tackles some of Solana’s biggest obstacles: network congestion, random transaction failures, and scaling difficulties.
Solaxy’s development team believes it could outperform Lattice-based hashing systems in terms of efficiency.
The immediate result will be seamless, near-instant trade confirmation, and a strong foundation for decentralized applications. Such an upgrade is especially useful for meme coin traders, who rely on speed to capitalize on market pumps.
Given how quickly meme coins can clear up, being able to trade quickly is crucial. If speculation about the meme coin supercycle of 2025 heats up even more, SOLX and the entire Solaxy infrastructure can meet the growing demand.
Is SOLX the next SOL?
As a multi-chain token, SOLX unlocks the best advantages of both ethereum and Solana, drawing on Ethereum’s liquidity while deploying on Solana’s high-speed, low-cost Mainnet.
As the Solaxy network’s native cryptography, SOLX will be used for governance, staking, transaction fees, and more.
The top Layer 2 tokens in the crypto market carry valuations above $1 billion. If Solaxy lives up to its hype, SOLX could rank alongside them.
Popular crypto analysis portals like 99Bitcoins have already identified SOLX as a coin with 10x potential.
Solana has been famous as a potential “Ethereum killer” in 2020, and has risen from around $2.85 in August 2020 to almost $195 today. This ascent awarded exponential gains to early supporters.
That’s why many investors regret missing Solana’s early days – and now, SOLX could be their next big opportunity. If Solaxy becomes a popular destination for meme coin projects that build on Solana, it may be on its way to replicating SOL’s historic gains.
After raising $9.4 million through its ICO in just a few weeks, SOLX is proving that its demand could spike even higher once it debuts on exchanges.
How to join the SOLX presale
With the SOLX presale close to $10 million in total funds raised, early buyers can still purchase SOLX at its discounted presale price (currently $0.001596).
To join the presale, go to Solaxy’s official website and buy SOLX with ETH, USDT, BNB, or a bank card.
A crypto wallet is required for the presale interface. One of the most popular choices that is free to use is The best Wallet – although the presale also accepts Coinbase Wallet, MetaMask and Wallet Connect.
Immediately after purchase, users can stake their SOLX via Solaxy’s staking protocol, which currently offers an APY of 372%.
For more information, visit the Solaxy token presale website.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users should do their own research before taking any actions related to the company.
