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

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 pace, safety, and seamless interplay throughout numerous blockchains.

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

This is the reason the mission has raised over $2.4 million in simply the final week, placing its each day run fee 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 Enhance The SOL Value

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 might hit $400 this month, backed by SOL choices block trades executed on Deribit by the OTC community Paradigm, it looks as if an extended shot contemplating SOL’s volatility and the way it’s been fluctuating across the $200 mark.

Solana Value: SOL Dwell Value Chart, Market Cap & Information At this time | CoinGecko

It’s potential that one other Solana-based narrative – akin to a recent wave of Trump-family-related tokens – might set off a worth spike, much like earlier surges. As an illustration, a Barron Trump meme coin, which many pretend tokens on Pump.enjoyable have been mimicking, may create sufficient pleasure to drive SOL’s worth greater.

Nevertheless, it doesn’t must rely solely on one other POTUS-themed craze. Approval of a Solana-based ETF might 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 chances of a Solana ETF getting authorised at 70%.. pic.twitter.com/yuLw5XGRG3

— SolanaFloor (@SolanaFloor) February 10, 2025

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

Nonetheless, the key problem stays Solana’s scalability points, which might lead to 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 Temporary Overview Of Solaxy’s Developer Updates

Certainly, Solaxy is severe about its aim 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 attaining that aim.

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 working 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 information on-chain, lowering congestion and growing throughput. These enhancements goal to boost 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 part, the group is now transferring into the implementation and testing phases. Moreover, the group is integrating information 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 pace.

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 combination of Sovereign Labs’ rollup framework, together with the SVM inside a zkVM, can also be progressing easily.

In parallel, Solaxy is deploying a improvement rollup surroundings 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 chance to get in early on a mission addressing Solana’s scalability, safety, and interoperability challenges – one thing no different crypto or blockchain mission has tried to deal with. 

It may also be seen as an oblique guess – one with considerably greater potential given the mission’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 turn into a pillar of the trade resulting from its means to domesticate cult-like followings.

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

Examine Chains – DefiLlama

Subsequently, an early funding in Solaxy might align with Solana’s large 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 high 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 might soar.

How To Purchase $SOLX At The Lowest Value

To take part in Solaxy’s presale and turn into a $SOLX holder, go to the Solaxy web site and join your pockets, like Finest Pockets.

Finest Pockets’s multichain assist makes it the right $SOLX platform, obtainable on Ethereum and Solana.

For Finest Pockets customers, buying $SOLX is simple and could be executed immediately throughout the app.

Be a part of the Solaxy neighborhood on X and Telegram.

Go to Solaxy’s web site for extra data.