Will Solana’s First Layer 2 Boom?

Solaxy ($SOLX), the first-ever Solana Layer-2 (L2) blockchain, is on a roll these days. Just last month, it surpassed the $30M mark in its ongoing presale and is set to hit $35M soon. As if this wasn’t enough, a whale purchased 115M $SOLX worth $200K three days ago. It’s the biggest purchase of the token yet, signaling growing confidence in the project. It also makes $SOLX one of the best presales in 2025. $SOLX to Deliver Fast, Cheaper Transactions on Solana As the first-ever Solana L2 blockchain, Solaxy ($SOLX) promises to address common issues plaguing the Solana blockchain, including network congestion, failed transactions, and limited scalability. When it launches, Solaxy will offer faster and more reliable transactions even at peak demand. Plus, its scalability will enable it to easily handle high transaction volumes typically required by meme coins and other fast-moving assets. Powering this project is its native $SOLX token. As a multi-chain token, it operates on both the Ethereum and Solana blockchains. This approach enables Solaxy to take advantage of Ethereum’s liquidity and infrastructure, and Solana’s speed and low fees. Each $SOLX token is currently worth $0.001722, but a price increase is coming in a few hours, so it’s always best to get tokens as early as possible. If you choose to buy early, you can also enjoy more favorable rewards rates when you stake your tokens. You can buy $SOLX via the Solaxy presale page. To get started, simply connect your crypto wallet to the presale widget (Solaxy recommends Best Wallet), enter the number of tokens you want to buy, and pay with your credit/debit card or with $ETH, $SOL, $USDT, or $BNB. Once the presale ends, the tokens you purchased will appear in your wallet. You can also check out our Solaxy buying guide for more detailed information. Alternatively, you can stake your tokens as soon as you buy them. The current staking APY is at 115%, which can still change throughout the presale. It’s worth noting that Solaxy is fairly generous when it comes to rewarding those who lock in their tokens, since it has allocated 25% of its 138B $SOLX token supply towards rewards. Once the presale concludes, $SOLX will be deployed on multiple chains. This will allow you to bridge the tokens you bought to the Solaxy L2 blockchain. You can also start trading $SOLX in major centralized (CEXs) and decentralized exchanges (DEXs). $SOLX Whale Buy: Sign of Solana’s Growing Influence? Solaxy isn’t the only major project associated with the Solana blockchain. Another Solana-based project, Global Dollar Network (GDN), added new members to its group yesterday. Co-founded by Paxos, Robinhood, Kraken, Anchorage Digital, Galaxy Digital, Bullish, and Nuvei, GDN is a stablecoin consortium with a USD-backed stablecoin called $USDG. GDN has recently welcomed 19 new members, which include firms, exchanges, and platforms based in various countries like the UK, the Philippines, and Turkey. In April, there were unconfirmed reports that Visa would join the consortium. More Exciting Things Ahead of Solaxy Overall, Solaxy ($SOLX) is shaping up to be a token worth watching. Having raised nearly $35M during its ongoing presale, a lot of investors are obviously positive about its prospects as a Solana Layer 2 blockchain. We share the same sentiment about Solana. While it’s already doing well during the presale, we think $SOLX will grow exponentially in the coming years. This is especially once the token becomes available to trade in DEXs and CEXs, and the team deploys the L2. That said, please do your own research first if you’re considering buying $SOLX tokens. Only use the information in this article for informational purposes and not as investment advice. Also, remember that the cryptocurrency market is highly volatile. As such, only invest money you can afford to lose. Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. Source: https://bitcoinist.com/solaxy-whale-purchase/