The Solaxy ($SOLX) presale is ending with blistering momentum as its total raise exceeds $47 million.
It’s fundraising to build the world’s first Solana layer 2 blockchain, and a slew of developer updates have bolstered its market appeal this week.
The project aims to address Solana’s longstanding congestion issue, offering cheaper, faster, and more reliable transactions through rollup technology and off-chain computation.
But with the presale set to end in just five days, FOMO has never been more intense. Investors are scrambling to buy $SOLX at its current discounted price of $0.001752. Once the presale ends, the price will shift to a product of supply and demand; judging by its presale success, this will skyrocket the price.
The $SOLX presale has raised a jaw-dropping $1 million in the past 24 hours. The total raise is on track to surpass $50 million before the campaign ends. It’s already the biggest Solana presale in history, but it could well be one of the biggest presales across all blockchains this year by the time it ends.
Solaxy unveils Hyperlane partnership for L2 bridge
Moving funds to the Solaxy blockchain just got easier. The team announced an official collaboration with Hyperlane, an open interoperability framework built for cross-chain messaging.
They announced that Hyperlane will provide the infrastructure for the Solaxy bridge. Hyperlane has bridged over $5 billion worth of digital assets in total. This track record signifies the protocol’s security, which is a crucial consideration for incorporating bridge technology.
But Solaxy’s bridge won’t just connect to Solana; it also integrates Ethereum.
Now, users of the two most active blockchains have a simple way to transfer assets to the first Solana layer 2 network. That could drive huge liquidity flows to Solaxy.
🚨 Hey Solaxy Community, we’re thrilled to announce our collaboration with @hyperlane to deliver one of Web3’s most seamless bridging experiences.
Solana ↔️ Solaxy ↔️ Ethereum. Fast, modular, permissionless.
Together, we’re building the first true Layer 2 bridge for Solana… pic.twitter.com/Jfk2GJUUD3
— SOLAXY (@SOLAXYTOKEN) June 10, 2025
Taking a closer look, the team published a full explainer on their “dev updates” page, highlighting two core focuses:
- Streamlining validator infrastructure for low-latency transfer.
- Creating a UX flow that feels instant, intuitive, and production-ready.
It’s not just a tepid swing at a blockchain bridge; it’s the robust infrastructure required for Solaxy to gain mass adoption.
And if their other tweets are anything to go by, Solaxy is only just getting started.
In addition to the blockchain bridge, the team formally launched the Solaxy test network last week, enabling users to move funds on-chain, track trading activity using the Solaxy explorer, and even deploy smart contracts.
Upcoming plans include the launch of the Solaxy decentralized exchange, as well as Igniter Protocol, a meme coin launchpad similar to Pump.fun, built into the Solaxy core.
With a robust product, proof of its technical prowess, and the exchange launch nearing, everything is in place for $SOLX to boom. As to how far it might go, leading industry analyst Jacob Bury says it has 10x potential.
However, others have gone further. One optimistic analyst is Miles G, who backs Solaxy for 100x gains once it lists on the open market.
Solana spot ETF development signals $SOLX could explode
Solaxy’s exchange listing might just come at the perfect time – it appears that Solana is getting its first spot ETF soon.
According to a Blockworks report, US regulators are moving toward approving a Solana ETF. The SEC has requested Solana ETF issuers to submit amended S-1 forms this week, which Blockworks says indicates that the ETFs could be approved within months.
The Solana price pumped 5% on the news, reflecting investors’ excitement. If the ETFs are approved, institutional investors can buy Solana on the NASDAQ stock market. That’d draw huge capital inflows, causing the $SOL price to balloon. Smart investors are positioning early to tap into these liquidity flows, reflected by today’s price uptick.
If the 2024 Bitcoin ETF is any indication, the $SOL price could continue to rally throughout the lead-up to the ETF launch.
However, seasoned investors are well aware that when a major cryptocurrency like Solana pumps, its ecosystem tokens can gain significantly more. And as the first-ever Solana layer 2, it could well be Solaxy that’s the biggest beneficiary of the Solana ETF hype wave.
Last chance to buy $SOLX before exchange listing
In addition to the prospect of a Solana ETF approval, factors such as a rising M2 money supply, growing institutional demand for digital assets, and an increasingly favorable regulatory environment for crypto signal a bright future for Solaxy.
However, with the presale ending in five days, investors yet to buy should act quickly or risk paying a far higher price once it lists on exchanges.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.
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