Solana Layer-2 project Solaxy is preparing to close its $SOLX token presale and bring its new blockchain to life this week. The presale hit a major milestone this weekend as it surpassed the $50 million mark.
The project has announced plans to list $SOLX on major centralized exchanges and launch its Solana Layer-2 at the same time. It’s widely expected to be a monumental launch event that breathes new life into the Solana ecosystem and sends the price of $SOLX skyrocketing.
Analysts have predicted $SOLX could jump as much as 10x in the wake of the launch. Continued development of Solaxy’s Layer-2, including the upcoming roll-out of its Igniter token generation protocol, could yield further gains in the weeks and months to come.
The $SOLX token presale closes on Monday, June 16 at 2pm UTC. Until then, investors have one final opportunity to buy $SOLX using $SOL, $ETH, $USDT, or a credit or debit card.
Solaxy Layer-2 Is Game-changer for Solana Ecosystem
The Solaxy Layer-2 is nothing short of revolutionary for the Solana ecosystem.
For years, Solana has suffered from network congestion and transaction failure. The blockchain was designed to be scalable, but couldn’t keep up with the surge of trading volume created by Solana meme coins and the Pump.fun token generator.
Solaxy’s launch will put an end to this congestion by offering traders and developers an alternative to the Solana mainnet. The new Layer-2 is expected to be faster and cheaper than the mainnet, providing a strong incentive for Solana users to make the switch to Solaxy.
The new Layer-2 already has a secure bridge in place, making this transition seamless. So, Solaxy can start picking up significant transaction volume on Day 1.
Gas fees on Solaxy’s Layer-2 must be paid in its native $SOLX token, which is partly why the project’s presale has seen so much uptake. Solaxy sold over $50 million worth of $SOLX tokens in just a few months, making it one of the biggest crypto ICOs of the year.
Demand for $SOLX can continue to grow as trading volume increases on Solaxy and developers build on the new sidechain. Solaxy is also building its own Igniter token generation protocol, which has the potential to serve as a Pump.fun-like meme coin factory for the Layer-2.
$37B Layer-2 Opportunity Ahead for Solaxy
The opportunity in front of Solaxy is enormous. Layer-2 networks on Ethereum have a combined $35.6 billion in total value secured, and Arbitrum’s $ARB governance token has a market cap approaching $1.7 billion.
Analysts have even predicted that Ethereum Layer-2 networks could be more valuable than the mainnet by 2030.
While Solana isn’t as large as Ethereum, Solaxy will be the only Layer-2 available within the ecosystem. That positions it to play a dominant role and develop partnerships with all of the most popular Solana dApps.
Taking into account Solana’s market cap relative to Ethereum, it’s possible that Solaxy could secure around $9 billion in value once the Layer-2 reaches maturity.
That estimate could be considered a lower bound as well, since the presence of Solaxy makes Solana more scalable and more attractive to developers—thus enabling it to eat away at Ethereum’s lead in the smart contract market.
Analysts Back $SOLX as Best Token to Buy Today
In a stunning display of support, dozens of crypto analysts have lined up behind the Solaxy token presale, with many calling $SOLX the best crypto token to buy right now.
Borch Crypto, for example, has been praising Solaxy’s Layer-2 as one of the most innovative projects of the year. He told followers in a recent video that the $SOLX token has the potential to deliver explosive returns.
Jacob Bury, a seasoned meme coin analyst who identified Solaxy early on as a presale to watch, predicted that the $SOLX token price could surge 100x after trading begins.
Crypto Millie called Solaxy a ‘Layer-2 gem’ and issued a strong buy recommendation around the $SOLX token.
This rare consensus from analysts supports what many traders and investors have been saying on social media: $SOLX could be the biggest crypto launch of the year.
Last Chance to Buy $SOLX Before Listing
Investors who haven’t already gotten their $SOLX tokens have one final opportunity to buy before it lists on exchanges. The presale will close at 2pm UTC on Monday.
Solaxy’s smart contract has been audited by Coinsult and the project’s testnet is live, giving investors confidence that the project is secure.
Be sure to follow Solaxy on X and Telegram for the latest updates on token claiming and the Layer-2 launch.