Emma Nelson 
Solaxy (SOLX), a new layer-2 scaling solution for Solana, has made a significant impact on the crypto market by raising $19 million in its ongoing presale. This innovative protocol aims to alleviate congestion on the Solana blockchain by processing transactions off-chain, a strategy successfully implemented by Ethereum-based solutions like Arbitrum and Optimism. With increasing demand for efficient blockchain performance, Solaxy’s development comes at a crucial time.
Understanding Solaxy: Solana’s First Layer-2 Scaling Solution
Solaxy stands as Solana’s first dedicated layer-2 protocol designed to address the network’s persistent congestion issues. By handling transactions off-chain before finalizing them on Solana’s mainnet, Solaxy significantly improves scalability, enhancing transaction speed and reducing costs.
However, Solaxy is more than just a scaling solution. The team behind it is also developing a cross-chain bridge between Solana and Ethereum. This will allow users to seamlessly transfer assets between the two blockchains while maintaining Solana’s high-speed efficiency. This interoperability could further boost adoption and usability within the broader crypto ecosystem.
SOLX
The need for Solaxy’s technology has become evident as Solana’s rising popularity in DeFi and meme coin trading has led to increased network strain. The TRUMP and MELANIA meme coin frenzy earlier this year illustrated this issue, causing network slowdowns and failed transactions due to overwhelming trading volume.
While Solana developers are working on the upcoming “Firedancer” upgrade—which aims to process up to one million transactions per second—many argue that layer-2 solutions like Solaxy will still be crucial for managing long-term scalability.
The SOLX Token and Presale Performance
The SOLX token, which serves as the backbone of the Solaxy ecosystem, is integral to transaction processing, staking, and governance.
- Staking Rewards: Investors staking SOLX are currently earning 212% APY, attracting strong participation.
- Governance: SOLX holders will have voting power in the project’s development decisions.
- Adoption & Demand: Over 5.4 billion SOLX tokens have already been staked, indicating strong early confidence.
Since the presale launch, Solaxy has rapidly hit multiple funding milestones. As these were reached, the SOLX price increased to $0.00163, and over $19 million has been raised so far.
Security remains a major focus for the project. A Coinsult audit was successfully completed, and 30% of the SOLX supply is earmarked for continuous development. Additionally, 10% of tokens are reserved for liquidity upon launch, ensuring smooth market entry across both decentralized (DEX) and centralized (CEX) exchanges.
Community engagement has also been strong. The Solaxy Telegram group has surpassed 6,200 members, and its Twitter/X account has amassed 67,000 followers, indicating widespread anticipation for the project’s official launch.
Can Solaxy Help Solve Solana’s Scaling Challenges in 2025?
Solana has entered 2025 with significant momentum, having achieved a 213% increase in network revenue in Q4 2024 and reaching a total value locked (TVL) of over $12 billion in January. It has also successfully gone an entire year without network outages—a major achievement given past challenges.
Despite this, congestion remains a hurdle, especially as Solana prepares for expanded stablecoin integration and the rollout of its Token-2022 standard. These developments could drive even greater demand for scaling solutions like Solaxy.
While Firedancer is expected to enhance network speed, analysts believe Solaxy’s role as a layer-2 solution will still be essential in preventing transaction slowdowns and failures.
Some early backers are optimistic that Solaxy’s unique approach, strong presale performance, and market timing could position it as one of the top layer-2 projects of 2025. However, the real test will come post-launch when Solaxy must prove its ability to handle real-world blockchain traffic efficiently.
For now, with $19 million already secured in presale funding, Solaxy is emerging as one of the most highly anticipated Solana-based layer-2 projects of Q1 2025.
