Solana’s 2,000% rise between June 2023 and January 2025 was incredible – and now a new project is drawing similar comparisons.
After raising over $30 million, Solaxy (SOLX) is preparing to launch a Layer-2 network that could boost the Solana ecosystem.
And some analysts think SOLX could be one to watch heading into the next bull run.
Can Solaxy Explode Like Solana Did?
Solana’s run between mid-2023 and early 2025 was incredible.
It climbed from around $14 to nearly $300 in just over a year and a half, with a peak market cap of over $127 billion.
Even after pulling back to the $130 range, it’s still in high demand – and many believe the next leg up is imminent.
But while Solana waits for its next move, another project might be better positioned.
Solaxy is a Layer-2 network built to ease Solana’s congestion.
And it’s not just hype – the project has raised over $30 million through its presale, showing how serious investors are about its scaling tech.
Solaxy’s team posted an update on X (Twitter) earlier this week, confirming the upcoming launch of the Solaxy Block Explorer and outlining technical milestones, like a sustained 140KB/s data throughput.
The team also revealed they’re targeting 10,000 transactions per second (TPS).
Solaxy is fast and ambitious – and, unlike early-days Solana, it’s launching with Layer-2 tech ready to go.
If this momentum keeps up, Solaxy might be able to replicate Solana’s exponential rise.
How Solaxy Works and Why Crypto YouTubers Are So Excited
So, how does Solaxy work – and why is everyone so excited?
Think of Solana as a massive warehouse floor, where every transaction has to be logged.
During busy periods, things can get chaotic – transactions pile up, some get dropped, and the system slows down.
Solaxy comes in with what’s basically a high-speed conveyor belt system built to handle the load.
Instead of using Solana for every transaction, it bundles them off-chain, sorts them efficiently, and delivers them in batches to the Layer-1.
This setup keeps things moving smoothly and reduces the odds of delays.
But Solaxy isn’t just about speed – it has a fully-fledged ecosystem.
There’s already a live staking app offering market-beating APYs, and the project recently passed a Coinsult audit, giving it more credibility.
Even YouTubers like ClayBro, known for his accurate calls, have started backing SOLX.
Could Solaxy 20x? Bullish Factors to Consider
Could Solaxy pull off a 2,000% rise like Solana did?
It sounds bold, but it’s not as far-fetched as it might seem when you break it down.
At its current presale price of just $0.001696, a 20x gain would put SOLX around $0.0356.
It would also give SOLX a fully diluted market cap of $4.9 billion.
That’s a huge number, but it still wouldn’t crack the top 25 cryptos by market cap – meaning it’s certainly possible.
And there are some potential catalysts that could make it happen.
First, the presale is ending soon, and exchange listings are on the way.
A debut on major CEXs and DEXs could be a huge demand driver, unlocking exposure to a much wider audience.
Second, Solana itself is preparing for some big network upgrades in the coming months.
As its ecosystem strengthens, the need for an effective Layer-2 will only grow – putting Solaxy in a great spot.
If everything goes well, SOLX could post SOL-like gains this year.
