Home
Blog
Crypto Basics
Solaxy Raises $20M—What This Means for Solana’s Future

Solaxy Raises $20M—What This Means for Solana’s Future

By Daniel

February 17, 2025

Every day, the crypto market capitalization keeps rising, forcing the blockchain networks to keep growing. To keep up with this growth, some networks have had to create solutions just to increase their capacity. Solana, a major blockchain platform, recently introduced its first Layer-2 solution called Solaxy (SOLX). And so far, it has raised over $20 million in its presale. What does this mean for Solana in the crypto space?

Solaxy and Its Key Features

Solaxy is a Layer-2 protocol that is built on Solana’s existing infrastructure. Its main purpose is to address scalability issues on the network. Solana has been experiencing congestion problems during surge periods which makes transactions hang or fail. To fix this, Solaxy was created to improve transaction speed and also reduce fees while at it. This is similar to what Ethereum has done with some of its Layer-2 solutions like Arbitrum and Optimism.

The Solaxy works to improve speed by performing transactions off the chain, to free up space, and then puts them back on the main network once it's done. That small processing window is what usually slows down performance during surge periods since it can process 65,000 transactions per second, which is no small feat. Solaxy also promises to solve interoperability between Solana and Ethereum, allowing the two to exchange assets seamlessly.

Currently, Solaxy is offering early investors up to 199% annual staking reward. This is a great way for investors to earn a passive income on top of potential capital gains when the project is launched. If this is your first time dealing with presales and you’re interested in learning how to buy Solaxy Token, you should follow a comprehensive step-by-step guide so that you fully understand the process of becoming a Solaxy investor.

Why Did Solaxy Presale Attract $20 Million?

This is not the first time a presale has gone viral, but raising millions within a month is also not a joke, no matter the hype. Some of the factors that have helped Solaxy cross the $20 million mark are mainly because of investor confidence in the solution it promises.

Solana (SOL) currently ranks number 6 among other cryptocurrencies in terms of market cap ($93 billion). Investors trust it and believe in its developers. So when another team of developers created Solaxy on the same platform, it makes sense that they will trust the new solution.

Solana has also been experiencing network congestion and downtime, with the latest one happening as recently as February 6th, 2025, when it went down for five hours due to a bug. Investors are keen to see Solana solve this problem once and for all.

Another reason for its presale success is its strong staking offer. Of course, investors want to see returns on their investment and 199% annual returns will attract just about any type of investor (retail or institutional). So far, over 5.8 billion SOLX tokens have been staked.

When you also factor in the fact that Solana is working to bridge the gap with the Ethereum network, it is expected that Solaxy will become accessible to Ethereum users which will further increase its popularity and force it to grow further. In business, scalability is a good thing, especially for investors.

How Solaxy’s Success Could Shape Solana’s Future

A win for Solaxy is a win for Solana in the following ways:

Increased Developer Interest: If Solaxy goes on to become an effective solution as promised, more developers will likely choose to build their projects on the Solana network because they have seen what it can do.
Increased Adoption of Solana-Based dApp: Since Solaxy is expected to reduce fees, Solana will likely see an increased interest in decentralized finance (DeFi) projects, non-fungible token (NFTs) projects, and even gaming projects on its network. Everyone is always looking for ways to reduce costs.
Price Impact on SOL Token: With this increased attention comes more investment in Solana’s SOL token on the market. And with more demand comes a price increase. SOL could skyrocket moving up a few places in the market capitalization table.
Better Competition: Every step towards success means Solana can better compete in the blockchain space. With this Layer-2 solution, Solana has a better chance of competing with top players in the smart contract space, not just with scalability.

Wrapping Up

Solaxy’s $20 million presale is a clear indication of investor confidence. We can expect to see that figure increase by a few more million before its official launch. By taking the bold step to address its congestion issue, reducing fees, and improving interoperability between networks, Solaxy is on track to being a major player on Solana’s network. All of this addresses Solana’s credibility in the blockchain industry.

Lightchain AI Protocol - 100x

Sponsored

Join the Lightchain AI Protocol Presale | Lock in your 100x Gains Today!

Solaxy Raises $20M—What This Means for Solana’s Future

Solaxy and Its Key Features

Why Did Solaxy Presale Attract $20 Million?

How Solaxy’s Success Could Shape Solana’s Future

Wrapping Up

Other Blog Articles