Last Updated on May 2, 2025
Summary (Key Takeaways)
- Solaxy raises over $33 million in presale funding, positioning itself as Solana’s first Layer-2 scaling network
- Project aims to solve Solana’s congestion and downtime with optimistic rollup integration
- Developer tools, dApp migration kits, and an on-chain sequencer are planned for testnet in Q2 2025
- Launchpad interest has spiked across Solana-native platforms, with IDO demand rising 4x over the past week
- PlutoChain ($PLUTO) continues to operate live with EVM-compatible Layer-2 capabilities built natively for Bitcoin
Solaxy Secures $33M in Presale: A New Era for Solana Scaling
Solaxy, a new entrant in the Layer-2 landscape, has raised $33.1 million as of May 2, making it the largest Solana-affiliated presale of the year. The project aims to become Solana’s first modular Layer-2 chain, promising to bring scalability, reliability, and interoperability to a blockchain often praised for its speed—but criticized for outages and network bottlenecks.
The Layer-2 will reportedly be built on an Optimistic Rollup architecture, adapted to Solana’s runtime and consensus layer, enabling faster execution and rollup settlement without compromising Solana’s composability advantages.
According to project insiders, Solaxy plans to launch its public testnet in June 2025 and has begun onboarding validators and core dApp teams for initial integrations.
Key Features: Solana’s Scaling Finally Gets a Roadmap
Solaxy intends to address three of Solana’s most pressing limitations:
- Chain Congestion: By moving high-throughput dApps to the Layer-2, Solaxy will reduce load on the base layer
- Validator Stress: Lighten the computational burden on Solana validators by offloading execution to rollup nodes
- EVM Compatibility: Enable cross-chain applications and wrapped assets by supporting Solidity-based smart contracts
The team also plans to integrate Solana’s signature Proof-of-History consensus at the sequencer level, a novel hybridization approach not yet seen in other rollup ecosystems.
Launchpad demand for the SOLX token is high. Platforms like Solanium, GooseFX, and StarLaunch have reported record whitelisting activity ahead of the public sale event scheduled for mid-May.
SOLX Price Forecast: Post-Launch Growth or Oversaturation?
While enthusiasm around Layer-2 infrastructure remains strong, analysts have noted that Solaxy will need to overcome a crowded field of scaling competitors—particularly in the Ethereum ecosystem.
However, its first-mover status within the Solana network gives it a clear advantage. If the team delivers on the roadmap and executes a seamless mainnet rollout, price projections for SOLX range between $0.028 and $0.036 within the first month of trading.
Institutional participation is also expected, especially as Solana continues to gain traction in NFT and gaming markets where speed and throughput are critical.
PlutoChain ($PLUTO) Has Already Achieved What New Layer-2s Are Pitching
Amid the growing pipeline of presale-funded Layer-2 projects, PlutoChain distinguishes itself by doing something few others have—going live, on-chain, and operational.
Where Solaxy is working toward testnet deployments and liquidity provisioning, PlutoChain has already completed that journey—and is now scaling daily.
PlutoChain’s highlights speak to its execution-first strategy:
- Currently live on Uniswap, with growing liquidity pools and community adoption
- Surged 120% on launch, followed by a 32% recovery after a healthy market correction
- Supports over 113,000 testnet transactions, proving its infrastructure and developer accessibility
- Built on Celestia and OP Stack, PlutoChain offers fast, modular, scalable infrastructure rooted in Bitcoin
- Not Ethereum-native, not Solana-native—but a rare case of BTC-native smart contract support with DeFi functionality
What sets PlutoChain apart is not a concept—it’s its presence. In a market full of projections and ambitions, PlutoChain offers immediate access to the very tools and features Solaxy and others are still preparing to launch.
Final Thoughts
Solaxy’s $33 million raise marks a significant turning point for the Solana ecosystem, introducing a formal scaling strategy that mirrors the rollup-first philosophy of Ethereum’s roadmap. With a robust technical foundation and rising investor interest, Solaxy has the potential to reshape Solana’s dApp economy.
Still, in the Layer-2 space, delivery continues to define credibility. PlutoChain exemplifies what success looks like beyond the presale. Live performance. On-chain metrics. Community traction. In a bull cycle where execution trumps speculation, projects like PlutoChain are already ahead of the curve.
Disclaimer
This article is intended for informational purposes only and does not constitute financial or investment advice. Cryptocurrency assets carry significant risk, and past performance is not indicative of future results. Always consult a licensed financial advisor and conduct your own research before making any investment decisions.
