Crypto prices are tumbling this week but Solaxy ($SOLX) is advancing rapidly. It’s undergoing a token presale, where it has raised $28.5 million, with approximately $200K coming in the past 24 hours.
This would be impressive in a bull market rally, but Solaxy is doing this while other cryptos struggle.
Solaxy is building the first-ever Solana layer 2 blockchain, aiming to tackle the network’s pressing congestion issue.
The broader market is fearful right now, with Donald Trump’s so-called “Liberation Day” approaching, in which his administration is rumored to be targeting “all countries” with levies on goods that the US imports.
Yet, investors continue to support the Solaxy presale, illustrating a deep-rooted conviction in its long-term potential.
Currently, market participants can buy $SOLX at its presale price of $0.00168. However, this will increase throughout the campaign, with the next uptick in under two days.
Solaxy’s rollup solution for Solana congestion
It’s no secret that Solana has been dominant this cycle. Investors have been hungry for meme coins, and Solana is one of the most user-friendly places to buy them.
Its low fees and high speeds make it a better choice than Ethereum, and its expansive ecosystem offers much more choice than other blockchains like BNB Chain and Cardano.
But even Solana faces issues. In some ways, it’s a victim of its own success. Due to its high levels of adoption, Solana can become congested in periods of peak activity.
For instance, Donald Trump launched a meme coin there in January, and the network became practically unusable in the hours that followed. Transaction wait times extended and many transactions even failed.
Therefore, Solana needs a new scalability solution to continue growing and generating more adoption.
And that’s exactly what Solaxy is offering. The project is building Solana’s first layer 2 blockchain, using rollup technology and off-chain computation to increase scalability.
Solaxy will handle some of Solana’s workload, freeing up space on the main chain. But at the same time, Solaxy’s architecture makes it cheaper, faster, and more reliable than the layer 1 network.
BlackRock, Franklin Templeton bridge to Solana – great news for $SOLX price
Excitement surrounding Solaxy is high because it opens Solana to many new use cases. Indeed, Solana’s top apps – such as meme coins, AI, and DeFi – will no doubt benefit from Solaxy’s increased scalability, but there’s also an emerging field on Solana that could rapidly advance.
This field is real-world assets (RWAs), one of crypto’s most legitimate and promising use cases. The world’s largest money managers are involved in it – and now they’re bridging to Solana.
BlackRock recently moved its $1.7 billion tokenized money market BUIDL to the network, while Franklin Templeton launched its own version there just a couple of weeks prior.
As institutional money flows into Solana, it’s becoming increasingly clear that the chain will remain an industry leader in the years ahead.
And thanks to Solaxy and other scalability efforts, Solana will soon be able to comfortably handle this new adoption.
It’s because of these factors that top analysts believe that Solaxy could soar in price. In a recent YouTube video, popular trader Allesandro de Crypto said $SOLX could 100x after listing on exchanges.
Trump tariffs shake market, but expert predicts explosive growth
Crypto prices are down this week, with traders understandably spooked by Trump’s tariff announcements, which will happen on Wednesday and will likely mark a slowdown in cross-border trade, at least where the United States is concerned.
The knock-on effects of this could create a more widespread economic slowdown, but experts believe that other factors will more than make up for it.
Bitmex Co-Founder Arthur Hayes tells investors not to be alarmed. An end to the Federal Reserve’s quantitative tightening (QT) campaign will benefit markets more than US levies will detriment them.
Other bullish factors, such as potential altcoin ETFS (including for Solana), FTX repayments, and increasing global liquidity, all favor a strong crypto market performance in the months ahead.
Should this occur, then could well Solaxy explode.
Even while other cryptos have tanked, Solaxy has broken records with its fundraising efforts. It shows that investors see real value in the project and are even willing to buy amidst uncertainty and fear. As the market regains confidence, we could see unprecedented demand.
But with the presale price increasing throughout the campaign, those seeking the most upside potential should not wait around to get involved.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.
