As Solana’s edge gets closer to mainstream adoption, Franklin Templeton Solaxy ($SOLX) Raised $20 million in pre-sales.
Solaxy is Solana’s first Layer 2 solution, reaching this milestone in two months.
Investor enthusiasm increases when the Solaxy’s Dev team shares their mission to enhance Solana’s performance.
Layer 2 tokens usually attract many users because they provide higher throughput at lower costs. Investors support for tokens such as arbitration and optimism is very strong, because despite the downward trend in the crypto market, their market cap is well above $1 billion.
Focusing on providing a highly scalable ecosystem, Solaxy has attracted the interest of retail and institutional investors. That’s why the Solx token pre-sale has attracted more than $2.5 million in the past week, with a daily running rate of around $350,000.
During the current pre-sale phase, you can Buy SOLX for $0.001634. However, before the next round of pre-sale prices rise, buyers have limited windows to grab the token.
Can more Solana ETF recommendations and SEC approvals trigger another Sol rally?
Solana has recently attracted attention as it caught $3 billion worth of token unlocking in the next three months and thus fell into bearish sentiment.
Historically, these unlocks imposed the price of Sol, which, like after a massive release in August, dropped by 20%. Many investors are concerned about how this will affect the market if demand fails to match the increase in supply.
However, institutional interest in Solana is increasing.
Franklin Templeton registered Solana Trust in Delawarewhich suggests it may soon join Grayscale, 21shares, Bitwise and Vaneck to launch the Solana ETF.
The SEC has acknowledged several Solana Spot ETF recommendations. Bloomberg analysts can even foresee a 70% chance of Solana (ETF) approval in 2025.
New: @ericbalchunas I read the documents to apply for the on-site cryptocurrency ETF. We are comprehensively proposing relatively high recognition probability. Currently, it focuses mainly on Litecoin, Solana, XRP and Dogecoin.
Here is a table for desktop and some other details: pic.twitter.com/xaxanxlb0m
– James Seyffart (@jseyff) February 10, 2025
A potential wave of ETFs may lead to more capital inflows and increased confidence in SOL. If these triggers are implemented, SOL may experience large-scale gatherings.
But as adoption grows, the risk of congestion increases.
That’s where Solvent intervention. It improves Solana reliability during network peaks to prevent transaction failures. Solaxy also has a cross-chain bridge to Ethereum to unlock higher liquidity and cater to more users.
Solaxy’s developer update shows big progress
Solaxy’s Layer 2 foundation is based on the “summarization” infrastructure.
The network can support higher throughput by summarizing transaction chains (and chain record data). The development team improved everything from national transition capabilities to sequencer logic, ensuring that the system can handle large-scale usage.
A major update is the integration of Solana’s virtual machines (SVMs) into ZKVM, adding scalability and privacy while allowing valid off-chain computing to be validated on the main chain.
https://x.com/solaxytoken/status/1886120606783209566
The team is also testing data availability solutions, including potential synergy with CELESTIA and Sovereign Labs’ framework to ensure transparency and security of aggregated transactions.
Similarly, after collaborating with Hyperlane to cooperate with Solana and Ethereum, Solaxy’s cross-chain capabilities are also improving.
By prioritizing main-layer components (scalability, bridging and data storage), Solaxy developers are sure they can solve Solana’s congestion battle.
For early pre-sale buyers, these developments show solx token More and more utilities are in the second layer of space.
How to buy a Solx token before it sells out
If Solana sees another wave of adoption (whether from Meme Coins or Solana ETF), a smooth user experience will be key. The purpose of Solaxy is to provide scalability, which may increase the demand for Solx in the long run.
https://www.youtube.com/watch?v=qy2jmo9h0_k
To purchase a SOLX token at its current price of $0.001634, visit Solaxy’s official preset page.
You can connect to an encrypted wallet (e.g. The best wallet) Buy widgets and buy Solx with ETH, BNB, USDT and even traditional cards.
Early buyers can also store their SOLX tokens up to 190% APY.
Visit Solaxy Presale
