SOL USD has officially broken back above the $150 mark – its first time crossing that level since early March. However, $SOL has slipped a few notches below that price point at the time of writing, but maintains an 11% spike over the past week.
Could this signal a path back toward its all-time high, last set in January? The conditions are looking right with momentum building and the network buzzing with activity.
Recent bullish catalysts – including record ETF inflows, major treasury moves from institutional players, and over 4 million active wallet addresses in just one week – have reignited the Solana narrative. But what could push $SOL into its next price orbit might not be on the mainnet.
That could be in the form of its first Layer-2 chain: Solaxy.
Solaxy ($SOLX) is designed to relieve pressure from the mainnet by processing transactions off-chain, boosting scalability and efficiency. It’s the kind of solution that could help Solana handle surges in traffic during high-demand periods, paving the way for new price milestones.
And clearly, investors are betting big on this. Solaxy has raised over $31.4 million, including $1.1 million in the past week.
Take a trip in the Solaxy! 🛸🪐
31M Raised! 🔥 pic.twitter.com/0iTcX4cqxh
— SOLAXY (@SOLAXYTOKEN) April 21, 2025
Right now, $SOLX is priced at $0.001704, but only for the next 30 hours, before the price increases for what could be one of the final presale rounds. Early adopters are locking in their position before Solaxy becomes a core piece of Solana’s next evolution.
SOL USD Price Flips Bullish Amid New Developments
Solana’s recent surge didn’t happen in a vacuum – it resulted from multiple forces aligning to reignite interest and investment in the network.
One of the most talked-about developments was the launch of Canada’s first-ever spot, Solana ETFs, earlier this month. Issued by prominent asset managers like 3iQ, Purpose, Evolve, and CI Global Asset Management, these ETFs give traditional investors regulated exposure to $SOL – and even include staking features to generate yield.
Then there’s Upexi’s bold move – the Florida-based company announced a plan to raise $100 million to build a treasury of Solana tokens, signaling long-term belief in the asset’s upside. With backing from crypto trading powerhouse GSR, the strategy mirrors the same playbook that turned Strategy into a Bitcoin giant.
Meanwhile, publicly traded SOL Strategies has launched its first convertible note as part of a $500 million facility to expand its $SOL holdings and validator business.
Technical indicators are backing the momentum, too. After breaking out of a falling wedge pattern – a classic bullish reversal signal – Solana has seen increasing trading volume, short squeezes, and renewed confidence.
Source: TradingView
But perhaps the strongest sign of life is what’s happening on-chain. Solana has registered over 28 million active addresses in the past week, along with over 369 million transactions, showing that user activity is booming.
That’s precisely why Solaxy is stepping into the spotlight. As the first Layer-2 chain built for Solana, Solaxy is designed to absorb the pressure of rising demand, giving the network the scalability it needs for what could be its biggest run yet.
A New Solana Layer 2 Is Changing Everything for SOL USDT Traders
Solaxy is to Solana what Arbitrum is to Ethereum – but with a twist.
While Arbitrum was built to fix Ethereum’s scaling woes, Solaxy isn’t solving a broken system – it’s upgrading one that already works.
Solana’s mainnet is already fast. Solaxy bolts on a second engine to make it a beast. Think of it as Layer-2, not for repair, but for pure overdrive.
And under the hood? Solaxy’s already making good on its promises.
🔥 The Solaxy Era Begins 🔥
The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐
Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb
— SOLAXY (@SOLAXYTOKEN) April 19, 2025
Solaxy recently launched its block explorer on testnet, which gives users a real-time view of Layer-2 transactions, performance metrics, and activity across the chain.
The team also confirmed it’s now sustaining 140KB/s data availability on the Solana mainnet – enabling faster data storage and smoother user experiences. Minor enhancements have been made to the CLI (Command Line Interface), which developers use to interact directly with the blockchain, making it easier to build, deploy, and manage apps on Solaxy.
Performance-wise, Solaxy is still charging toward its 10,000 TPS throughput goal, with continued roll-up improvements. On the bridging front, proper CORS (Cross-Origin Resource Sharing) has been integrated into the SDK—a technical setup that ensures web apps can securely communicate with Solaxy’s rollup. The team is also resolving UI bugs that caused discrepancies between how the rollup and native Solana behave.
The takeaway? Solaxy isn’t just building fast – it’s shipping fast. The chain is evolving weekly, and the groundwork for a high-performance Layer-2 is already in motion.
What Does The Future of SOLX Look Like?
The recent developments around Solaxy indicate the project is getting closer to launch. Take the block explorer testnet, for example – a significant milestone that offers a sneak peek into network health and sheds light on Layer-2 transaction activity.
It also acts as a critical testing ground, allowing developers to validate smart contracts and troubleshoot dApps live.
It’s the first glimpse into how the Layer-2 performs before the mainnet goes live, giving users, devs, and early supporters a real look at what’s under the hood.
With momentum like this, it’s no wonder trusted crypto outlets are calling Solaxy a 100x contender – because it’s already walking the talk and giving the crypto space a clear glimpse of what the future of Solana could look like with Solaxy in the picture.
Here’s Your Chance to Join Solaxy
As mentioned, the Solaxy presale appears to be entering its final stretch, with $31.4 million already raised and development accelerating fast. But funding shows no signs of slowing down, and the $32 million milestone could be hit in a matter of days.
Now’s the time for those looking to ride the momentum to move. Head to the Solaxy website, connect your wallet, and secure your $SOLX tokens while the current price holds. For the best experience, we recommend using Best Wallet – it allows you to preview your tokens ahead of launch and offers seamless multichain support across Ethereum and Solana.
Stay locked in with the Solaxy community on X and Telegram for real-time updates and announcements.
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