As Solana meme coin factory Pump.fun makes headlines with its $1 billion token sale plans, and meme coins like Dogwifhat and SPX6900 see huge monthly gains, a new project aims to change everything in the Solana ecosystem.
Solaxy ($SOLX) is building the world’s first Solana layer 2 blockchain, and it has investors stoked. The project is currently undergoing a presale, during which it has raised over $44 million.
But with substantial funding in the bank, Solaxy has decided to close its presale doors in just 11 days, leaving limited time for those wishing to buy $SOLX at a discounted rate.
The project aims to address Solana’s congestion issue by utilizing rollup technology and off-chain computation. While Solana can compute 6,500 transactions per second (TPS), Solaxy will process 10,000 TPS. This will open the network to more adoption and new use cases, a setup that could unlock billions of dollars in new value.
Solaxy has already achieved several milestones towards its goal, including the launch of its test network and the Solaxy-Solana bridge.
With just 11 days until the presale ends, investors who have yet to buy $SOLX should act quickly or risk paying a significantly higher price once it hits exchanges.
Solana’s congestion concerns intensify as on-chain activity surges
Token Terminal data reveals that 99 million users have interacted with the Solana blockchain this month, an 18% increase in the last 30 days and a 3,566% increase from two years ago.
And in the same two-year window, we can see that the amount of failed non-vote transactions on Solana is steadily rising. There is a clear correlation that suggests the more people use Solana, the more it’s malfunctioning.
In other words, Solana’s congestion issue is intensifying as the network’s adoption grows.
As well as transaction failures, the congestion issue also causes longer wait times. This can cost traders a lot of money, especially in high-frequency markets like futures or meme coin trading.
So what’s the solution? Enter: Solaxy. The layer 2 blockchain that takes Solana’s transactional capabilities to new heights. With Solaxy’s 10,000 TPS, Solana will have approximately 150% more bandwidth to accommodate rising ecosystem usage.
This increased TPS also means that using Solaxy will be cheaper, faster, and more reliable than using the Solana layer 1.
Yet, while Solana is worth over $80 billion today, Solaxy remains in its preliminary stages with $44 million raised. It’s a setup that analysts believe signifies massive growth potential. As to how far it could go, Cryptonews says $SOLX could give 100x gains.
That would equate to a market cap that’s just a fraction of Solana’s, so it certainly must not be ruled out.
Solaxy goes viral with Test Net, Solana Bridge launch
Solana builders and users can feel the benefits of Solaxy even before the presale ends. The project has just launched its test network and Solana bridge, allowing people to transfer $SOL to the network, explore on-chain activity via Solaxy Explorer, and even launch smart contracts.
The project tweeted about this on its X account three days ago, and the post has received 145 retweets, 445 likes, and 28,000 views. It’s going viral, and it’s not a surprise. The move changes everything.
Presales are usually unproven. They’re fundraising events for products that have yet to launch. It presents a degree of risk that can make some investors hesitant.
Yet, Solaxy is in uncharted territory, building its product in public and allowing users to interact with it even while the presale is ongoing. That’s why the test network is gaining such interest, and it’s why the Solaxy presale raise is surging higher.
🚨 Hey Solaxy Community it’s here.
The Solaxy Testnet is LIVE. Your first chance to interact with Solana’s first Layer 2 and experience the speed, scale, and simplicity Solaxy brings. 🔥⚡️
🔗 Connect via Backpack Wallet:https://t.co/FBrV3FohC8
You can:
– Bridge SOL (Solana… pic.twitter.com/FQY9AIwSdx— SOLAXY (@SOLAXYTOKEN) June 2, 2025
For reference, Solaxy’s $44 million presale raise makes it the biggest Solana presale in history, a testament to the project’s incredible market appeal.
Last chance to buy $SOLX at $0.001746
The Solaxy presale is well into its final two weeks – so the clock is ticking for those yet to buy.
With immense presale success, a use case that addresses Solana’s most pressing issue, and an already functioning product, it appears that everything is in place for $SOLX to explode.
Whether it achieves the 100x target set by Cryptonews or potentially ventures even further remains to be seen, but one thing is for certain: Solaxy is one to watch closely in the weeks ahead.
Investors can rest assured that the project is safe and secure. Not just because it has already successfully deployed its layer 2 test network, but also because they’ve received a smart contract audit from Coinsult, who found no issues with its code.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.
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