Is Solaxy the Top Solana Project Right Now? A Closer Look at the Layer 2 Contender

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June 3, 2025
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4 min read

Crypto Explorer is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

Solaxy has rapidly attracted whale investors and major market attention as the first Layer 2 built on Solana. With the presale closing in days, we examine why this could be the Top Solana Project of 2025.

Investor interest in Solaxy ($SOLX) has soared in recent weeks, punctuated by over $1 million in whale buys, including a $375,000 transaction today alone. The presale has raised more than $43.2 million, with less than two weeks remaining before the token generation event. Large-scale buying in such a concentrated window suggests that confidence is growing in Solaxy’s utility and its long-term potential as a top Solana project.

Broader crypto market optimism is also feeding into the moment. Bitcoin recently hit its highest-ever weekly close, Ethereum’s performance has buoyed altcoins, and Coinbase’s entry into the S&P 500 marks a defining moment for institutional legitimacy in digital assets. All of this is happening against the backdrop of easing global trade tensions and increased crypto adoption.

Yet Solaxy’s momentum isn’t just riding the wave – it’s driving its own current through real technical delivery and a clearly defined roadmap.

Solaxy’s Layer 2 Strategy Targets Solana’s Weak Points

Solaxy is the first-ever Layer 2 explicitly designed for the Solana ecosystem. While Solana boasts high throughput and low fees, it has struggled with network congestion and failed transactions during peak usage. Solaxy aims to eliminate these frictions by moving execution to its own Layer 2 environment.

Using rollups and bundled transactions, Solaxy dramatically increases scalability while reducing congestion. This upgrade allows developers and traders to interact with the Solana network faster and more reliably, which is critical in a chain increasingly favoured for meme coins, NFTs, and DeFi activity.

The emphasis on scalable solutions makes Solaxy stand out among current presales. Unlike projects that promote future potential, Solaxy has already delivered tangible components, including a testnet bridge powered by Hyperlane that lets users move SOL between networks. Ethereum support is also scheduled to be added shortly, expanding its interoperability.

Igniter Protocol and Solaxy DEX: An Ecosystem in Motion

Solaxy is more than an infrastructural enhancement – it’s building an entire ecosystem. At the core of this expansion is the Igniter Protocol, a tool that allows users to create and launch tokens directly on Solaxy’s Layer 2 chain. Designed for simplicity and speed, Igniter democratises token creation and mimics the functionality of popular tools like Pump.fun.

What sets Solaxy apart is how Igniter connects seamlessly to its upcoming decentralised exchange (DEX). Tokens launched via Igniter move straight onto the Solaxy DEX once their bonding curve ends, gaining instant liquidity and exposure. This unified system offers real-time, low-cost trading across all projects built within Solaxy’s network – whether joke tokens or ambitious DeFi experiments.

This strategy transforms Solaxy from a basic scaling solution into a dynamic launchpad, positioning it as one of the most ambitious and practical Layer 2 platforms within the Solana ecosystem.

$SOLX: A Token Built for DeFi Traders

The $SOLX token lies at the heart of this growing infrastructure. As a multi-chain token operating across Solana and Ethereum, it combines liquidity depth with execution speed. Traders using $SOLX gain access to the full Solaxy ecosystem – staking, dApp interaction and exclusive trading tools.

Staking is already live, with the current APY at 93%. Token holders can stake directly after purchasing, though BNB-based transactions are not eligible for staking. Users can buy via the official website using a range of assets, including ETH, USDT, SOL and even bank cards. Solaxy is also available through the Best Wallet app for both Android and iOS users, making onboarding more accessible.

These practical features align with Solaxy’s goal to support investors and traders looking for performance in a competitive DeFi environment. With token utility already active before the TGE, Solaxy offers something few presales can – function before formal launch.

Building in a Bearish Moment

All of this is unfolding during a market cooldown. Bitcoin has dropped to around $104,000 and Ethereum has fallen below $2,500. The broader environment is tense, with many speculating whether the bull market is losing momentum or simply resetting before another altcoin season.

In this context, Solaxy’s resilience is notable. Where many projects see declining interest during market dips, Solaxy is accelerating. Whale investors continue to buy in and the presale is quickly approaching its cap. This suggests that Solaxy isn’t just benefiting from hype – it’s gaining traction on merit.

FIND OUT MORE ABOUT SOLAXY BEFORE THE PRESALE ENDS

Its robust infrastructure, working testnet, and active presale campaign contrast with speculative projects with vague roadmaps. As the token prepares to list on centralised and decentralised exchanges, confidence seems to be increasing that $SOLX could be among the most promising entrants of the year.

Final Days to Join the Presale

With just 14 days left in the presale, the current token price is $0.001742. The opportunity to enter before $SOLX hits the open market is narrowing. While price forecasts remain speculative, Solaxy’s roadmap suggests several strong catalysts are approaching, including the TGE, exchange listings, and full main net launch.

The project has already surpassed $43.2 million in presale funding, pointing to both market validation and operational momentum. This blend of capital support, technical functionality, and Layer 2 scalability elevates Solaxy beyond many presales currently vying for attention.

If the team continues to execute and the Layer 2 gains traction post-launch, Solaxy may indeed prove to be the top Solana project of 2025.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always do your research before making any financial decisions.

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