A new Solana layer 2 token, SOLX, blasted past $31M raised as SOL price gains fire up viral presale following block explorer launch.
A new era for Solana ($SOL) is taking shape as its first Layer-2 chain, Solaxy ($SOLX), smashed through the $31 million mark in its presale on Monday.
Solaxy unveiled its block explorer to celebrate the milestone. It gives users a real-time, transparent view of every transaction across Layer-2, a major step forward in making Solana’s infrastructure more accessible and visible.
Yet, with tens of millions raised, Solaxy may be inching closer to launch, potentially securing the runway needed to push Solana to the top of the smart contract game.
Investors are catching on – and fast. The current presale round ends in less than five hours, after which the price of $SOLX will increase.
Right now, $SOLX is still priced at just $0.0017 – and can be staked on Solaxy’s native protocol for a 130% annual percentage yield (APY).
Block Explorer Launches for New Solana Layer 2
Solana broke above the $140 price level on Sunday and traded just slightly below it on Monday. But the chain’s bigger Easter surprise may have come from its first Layer-2 – Solaxy – which has now launched its blockchain explorer on testnet. This tool lays the groundwork for tracking transactions across Solaxy’s Layer-2 before bundling and committing to Solana’s mainnet.
🔥 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
Though still in its test net phase, the explorer functions as a sandbox—a separate environment where developers can test features, refine interfaces, and simulate transaction activity without using real assets or disrupting the live Solana network.
As a roll-up solution built on Solana’s monolithic architecture, where all activity takes place on-chain, Solaxy’s testnet explorer is more than just a debugging tool. It’s a foundational step toward validating broader Layer-2 applications beyond testnet.
Gaming and DeFi are two sectors on Solana gaining serious momentum, but they’ve yet to fully break out. Solana’s total value locked (TVL) has surged past $7.4 billion, and its gaming ecosystem now boasts over 70 million monthly active users as of February 2025 – clear signs of ecosystem growth.
These sectors could thrive on Solaxy’s Layer-2—not just through the explorer but through the chain itself, which is built to process and compress transactions before they hit Solana.
The blockchain explorer is just the beginning. Solaxy could be the key to unlocking Solana’s next chapter in the race for smart contract dominance.
Most Recent Developer Updates From the SOLX Team
Solaxy has also rolled out some key upgrades behind the scenes to level up its tech last week.
First, they’ve improved how fast data can be stored and accessed, hitting 140 kilobytes per second on Solana’s mainnet, which basically means a smoother and faster user experience.
🛸 New Solaxy Dev Update! 🛸
We've got some exciting news—Solaxy Block Explorer will officially be released on April 19th!
◉ Data Availability
• Further analysis confirms we can sustain 140KB/s with optimal configurations on Solana mainnet.
• This enables faster data… pic.twitter.com/l9sJM9hLya— SOLAXY (@SOLAXYTOKEN) April 15, 2025
They also cleaned up the command-line interface (CLI) to make things easier for developers working on the network.
On the performance side, Solaxy is still gunning for 10,000 transactions per second, and the latest updates show they’re well on track.
As for bridging between chains, they’ve added the right permissions to their toolkit and are actively fixing bugs that caused slight differences between how Solaxy behaves and how native Solana apps do.
With all of this – and the newly launched block explorer in the mix – Solana fans better buckle up because Solaxy isn’t just scaling the chain – it’s here to help make it the Ethereum killer it is truly meant to be.
Presale Opportunity Window For New Solana Layer 2 Ends Soon
Layer-2 chains remain virtually untapped on Solana, and Solaxy is the first to dive in.
Some, including Solana co-founder Anatoly Yakovenko, have argued that Layer-2s aren’t needed. But repeated network outages and congestion have challenged that view, frustrating users and exposing a need for better scalability.
That’s where Solaxy steps in – solving exactly what’s been holding Solana back. It could help transform the chain into a faster, more efficient smart contract platform.
Early investors now have the chance to back Solaxy while it’s still in its early-stage presale – before it hits the broader market. Think of what Arbitrum did for Ethereum – Solaxy could deliver that same unlock for Solana. And those getting in now could stand to benefit the most.
With over $31 million raised, Solaxy already ranks among the top presales of 2025. And while no end date has been confirmed, the funding momentum and rapid dev updates suggest the final stretch may be near.
Trusted crypto outlet 99Bitcoins (with over 720,000 subscribers) even called Solaxy a 10x opportunity – a rare early-stage shot before this Layer-2 goes live.
Join In While You Still Can: $32M Milestone on Horizon
The Solaxy presale has picked up serious momentum in recent days, with the next milestone—$32 million raised—now within reach before the week ends.
To join the presale, connect your wallet to the Solaxy website. For the best experience, we recommend using Best Wallet – it lets you view your $SOLX tokens even before launch and supports seamless multichain access 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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