The presale for Solaxy, a Layer 2 solution on the Solana blockchain, has exceeded $30 million, indicating strong investor interest amid a recovering crypto market.

Solaxy aims to tackle Solana's congestion issues by utilizing rollup technology to enhance transaction speed and reliability, processing off-chain transactions and settling them on the mainnet.

Regular developer updates highlight transparency and focus on data availability and performance optimization, which enhances community trust in the project.

Community leaders attribute part of Solana's positive momentum to the upcoming rollout of 'Confidential Balances', a privacy-focused feature that enhances usability and security.

Currently priced at $0.001694, the $SOLX token offers potential long-term gains, bolstered by high staking rewards of 134% APY.

Solaxy plans to list its token on decentralized exchanges immediately after the presale, with additional listings on major centralized exchanges to follow.

Despite a broader market decline, large investors are showing renewed confidence in SOL, suggesting potential for further growth.

By bundling transactions off the Solana mainnet, Solaxy significantly reduces congestion and wait times, minimizing the risk of network crashes.

Market analysts project a bullish forecast for SOL, with potential price targets as high as $1,000 by the end of 2025, driven by anticipated developments like ETF approvals.

As media attention on Solaxy grows, the project is being discussed by influencers, indicating increasing credibility and interest within the Solana ecosystem.

The project has successfully undergone an audit by Coinsult, ensuring security features that contribute to its credibility and reduce investment risks.

The presale's success reflects a growing trend for innovative solutions that combine utility with meme coin characteristics, attracting significant investor interest.