First Solana Layer-2 Solaxy Roars Previous $20M In Presale

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Solaxy ($SOLX) has barreled previous $20 million in funds raised simply two months after its presale launch.

The primary Layer-2 resolution on Solana has surpassed this funding milestone, following a sequence of bulletins on X detailing the developer upgrades that exhibit how Solaxy is constructing a extra scalable and interconnected blockchain ecosystem, enhancing velocity, safety, and seamless interplay throughout numerous blockchains.

These developments, even earlier than the official launch, strongly point out the undertaking’s critical strategy to addressing the persistent challenges confronted by its Layer-1 chain.

This is the reason the undertaking has raised over $2.4 million in simply the final week, placing its each day run charge at $350,000. Buyers can nonetheless take part within the present presale stage, which presents $SOLX tokens at $0.0011632, with roughly 15 hours left.

A Solana ETF And Extra Trump Meme Cash Would possibly Increase The SOL Worth

Solana’s worth has been rocky over the previous seven days, three weeks after reaching its all-time excessive of $293.

Whereas some are betting that Solana may hit $400 this month, backed by SOL choices block trades executed on Deribit by way of the OTC community Paradigm, it looks as if a protracted shot contemplating SOL’s volatility and the way it’s been fluctuating across the $200 mark.

First Solana Layer-2 Solaxy Roars Previous M In Presale

Solana Worth: SOL Stay Worth Chart, Market Cap & Information Right now | CoinGecko

It’s attainable that one other Solana-based narrative – similar to a contemporary wave of Trump-family-related tokens – may set off a worth spike, just like earlier surges. As an example, a Barron Trump meme coin, which many pretend tokens on Pump.enjoyable have been mimicking, may create sufficient pleasure to drive SOL’s worth larger.

Nonetheless, it doesn’t need to rely solely on one other POTUS-themed craze. Approval of a Solana-based ETF may additionally spark a major worth motion, particularly after the SEC acknowledged Grayscale’s Solana and Litecoin ETF software and BlackRock’s proposal to permit for in-kind creations and redemptions on the iShares Bitcoin ETF.

🚨BREAKING: Bloomberg’s senior ETF analyst @JSeyff places the percentages of a Solana ETF getting accepted at 70%.. pic.twitter.com/yuLw5XGRG3
— SolanaFloor (@SolanaFloor) February 10, 2025

If all of those developments occur in a single month, it may ship SOL’s worth skyrocketing.

Nonetheless, the most important problem stays Solana’s scalability points, which may end in community congestion, as we noticed final month with Official Trump (TRUMP) and Official Melania (MELANIA).

However that’s all about to alter with Solaxy, and the dev updates it introduced final week point out how it’s taking main steps to forestall one other fake pas for many who tout Solana’s ‘Ethereum Killer’ standing.

A Transient Overview Of Solaxy’s Developer Updates

Certainly, Solaxy is critical about its objective of enhancing Solana’s present infrastructure by fixing its persistent issues, and the developer upgrades it introduced final week are evident steps in direction of reaching that objective.

In its preliminary thread of updates, Solaxy shared that it’s making main strides with its rollup infrastructure, together with specializing in state transition features, sequencer implementation, and operating Solana’s digital machine inside a zkVM for enhanced scalability and privateness.

Rollups, a Layer-2 scaling resolution, course of transactions off-chain, and retailer knowledge on-chain, lowering congestion and rising throughput. These enhancements purpose to reinforce transaction processing and guarantee long-term progress.

Solaxy is advancing its Layer-2 imaginative and prescient by engaged on a bridge to Solana. Having accomplished the analysis section, the group is now transferring into the implementation and testing phases. Moreover, the group is integrating knowledge availability options with Celestia, a modular blockchain that separates consensus and execution layers for enhanced scalability, whereas collaborating with Sovereign Labs to optimize safety and velocity.

To additional refine its bridging capabilities, Solaxy has partnered with Hyperlane to allow safe asset transfers between Solana and Ethereum. Inner checks are already underway. The mixing of Sovereign Labs’ rollup framework, together with the SVM inside a zkVM, can be progressing easily.

In parallel, Solaxy is deploying a improvement rollup setting for rigorous testing and conducting benchmarks on Solana’s mainnet to make sure system stability.

What Do Latest Dev Upgrades Imply For Solaxy’s Future?

Investing in Solaxy throughout its presale presents a possibility to get in early on a undertaking addressing Solana’s scalability, safety, and interoperability challenges – one thing no different crypto or blockchain undertaking has tried to sort out.

It may also be seen as an oblique guess – one with considerably larger potential given the undertaking’s early stage – on a blockchain that has already outpaced Ethereum within the meme coin race, the breakthrough sector of 2024 and 2025 that has change into a pillar of the business attributable to its capacity to domesticate cult-like followings.

Moreover, Solana is gaining market share from Ethereum within the DeFi area, as mirrored by Solana’s gradual progress, whereas Ethereum has declined since December 2024.

Evaluate Chains – DefiLlama

Due to this fact, an early funding in Solaxy may align with Solana’s huge progress in its bid to outperform Ethereum, with $SOLX being similar to an early funding in Ethereum’s Layer-2 options.

To place this in perspective, Ethereum’s Layer-2 sector is valued at $10 billion, with prime tokens like Mantle (MNT), Polygon (POL, ex-MATIC), and Immutable (IMX) every value over $1 billion.

If Solaxy succeeds in fixing Solana’s points, there’s no telling how excessive $SOLX may soar.