Solaxy Just Raised $30M to Fix Solana's Biggest Problem
April 15, 2025 at 4:20 PMby The Block Whisperer
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Solaxy raises $30M for Solana Layer 2 scaling solution that tackles congestion while adding cross-chain features.
Solaxy just raised $30 million in its presale while most crypto projects are still struggling to explain what problem they're actually solving.
This Layer 2 scaling solution for Solana is attacking the blockchain's infamous congestion issues head-on, and investors are throwing money at it faster than Solana validators restart their nodes.
Trump's 90-day tariff hold announcement has the entire market pumping, but Solaxy is stealing the spotlight with a solution that Solana has needed since it first went mainstream.
Solana's speed and penny fees are great until the network decides to take an unexpected nap during peak trading.
The blue-chip L1 has more outages on its record than a California power company when the wind decides to blow the wrong way.
Solaxy fixes this by processing transactions off-chain, bundling them together, and then efficiently redistributing them on the mainnet.
It's basically doing for Solana what Arbitrum and Optimism did for Ethereum, but with Solana's signature speed as the baseline.
Solaxy isn't just a band-aid for Solana—it brings multi-chain functionality that lets Solana play nice with Ethereum liquidity.
That means dApps built on Solaxy can tap into both ecosystems without forcing users to bridge tokens back and forth like it's 2021.
DeFi degens and GameFi addicts are already drooling over the possibilities this opens up for the next generation of projects.
In a market where interoperability is no longer optional, Solaxy is positioning itself as the connective tissue between blockchain giants.
The $SOLX token has a fixed supply of 138 billion with a strict no-inflation policy – a refreshing change from the money printers running 24/7 on most new tokens.
The allocation isn't half bad either: 30% for development, 25% for staking rewards, 20% for treasury, 15% for marketing, and 10% for listings.
Presale investors are currently enjoying a juicy 137% APY for staking, the kind of yield that makes traditional finance bros do a double take.
At $0.001692 per token, early birds are loading bags before the inevitable price pump in later rounds – classic crypto FOMO in action.
Solaxy's mascot – imagine if Albert Einstein and Pepe the Frog had a weird blockchain baby – is exactly the kind of memeable content that actually spreads in this market.
Their X account already has 73,000 followers, which is more impressive when you realize most crypto projects can barely break 10k without buying followers.
Regular developer updates show they're actually building rather than just hyping – a novel concept in an industry where most roadmaps are more fiction than fact.
The team is actually active in their Telegram, answering questions instead of just posting rocket emojis and vague promises about "partnerships."
For degens looking to ape into the presale, Best Wallet is becoming the go-to option with support for over 60 blockchains.
No KYC requirements means you can invest without sending your passport to some offshore entity you've never heard of.
Two-factor authentication and biometric security keep your funds safer than they would be on some sketchy exchange that disappears overnight.
The wallet's built-in presale aggregation tools make it easier to get in early on projects like Solaxy – before they're listed and pumped on major exchanges.
Solaxy is solving a real problem that has plagued Solana for years, and the market is taking notice.
With nearly $30 million raised already, it's positioned to become one of those "I wish I got in early" stories that crypto veterans tell newbies in the next bull run.
The combination of Layer 2 scaling, cross-chain functionality, and sustainable tokenomics makes it an actual project to watch rather than just another memecoin hoping for an Elon tweet.
Whether you're a Solana maximalist looking for better infrastructure or just someone hunting the next major L2 pump, Solaxy is making a serious case for your attention.
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