Solaxy’s presale passes $30 million as centralised exchanges face fresh scrutiny. Could the frog-themed Layer 2 be the answer to Solana’s congestion problem?
A fresh wave of infrastructure concerns shook the crypto market this week after Binance was forced to halt withdrawals due to a temporary outage in an Amazon Web Services (AWS) data centre.
The incident not only disrupted trading activity across the world’s largest crypto exchange but reignited long-standing debates about centralised cloud dependency, especially during peak market periods.
The disruption was brief but far-reaching. Binance confirmed that a “temporary network interruption” in AWS systems had caused inconsistent order execution.
Although trading resumed quickly, the brief downtime affected several other platforms including KuCoin, Rabby and DeBank. The response across the crypto community was mixed – some praised Binance’s transparency, while others doubled down on calls for greater decentralisation and infrastructure independence.
But while centralised platforms grapple with scaling limitations, a new generation of crypto projects is gaining traction by offering scalable, decentralised solutions. Among them, Solaxy – a Layer 2 scaling solution built for Solana – has emerged as a standout.
The project has already raised over $30 million in its ongoing presale and its promise to ease the very congestion issues that plagued Solana during prior network spikes is resonating with investors.
Network interruptions highlight the need for decentralised solutions
This week’s AWS-related outage is not the first of its kind. A major failure in 2021 affected a large portion of internet traffic, crippling crypto exchanges, trading apps and even some mainstream web services. With over 30% of cloud workloads running through AWS, the stakes are high when outages occur.
While some industry voices have used these incidents to advocate for decentralised infrastructure, others are looking at solutions that address the root of the congestion – especially on fast-growing Layer 1 networks like Solana.
The network, lauded for its low fees and high transaction speeds, has struggled with scalability during peak demand. These issues are becoming increasingly difficult to ignore as Solana’s adoption accelerates.
JOIN THE SOLAXY PRESALE BEFORE IT LISTS
Solaxy aims to provide an answer – not by replacing Solana, but by enhancing it. As the first Layer 2 scaling project built exclusively for the Solana ecosystem, Solaxy uses rollup technology to process transactions off-chain before batching and settling them on Solana’s mainnet.
This approach preserves Solana’s speed and affordability while improving throughput and reducing network failure rates during congestion events.
Solaxy’s $30M milestone draws industry attention
As the market recovers and Solana’s price begins to bounce back – up 21% in the past week – Solaxy has capitalised on renewed investor appetite. Its presale has now surpassed the $30 million mark, with SOLX tokens priced at $0.001696.
The token is available via direct purchase using ETH, USDT, or BNB and through bank card payments on the official Solaxy website.
Investors are also taking note of the platform’s built-in staking programme, offering a competitive 134% APY. The staking model not only rewards early participation but also supports network stability ahead of the token’s public exchange debut.
Part of Solaxy’s appeal lies in its dual identity. It delivers robust technical utility in a market increasingly focused on real-world scalability, while also tapping into meme coin culture through its frog-themed branding – a nod to the viral momentum seen with tokens like PEPE and TURBO.
What sets it apart, however, is execution. Solaxy has already completed several key development upgrades. Its most recent update detailed improvements to its custom-built rollup sequencer, including soft confirmation features that enable users to verify transactions instantly before full on-chain settlement. This significantly improves the end-user experience, especially during periods of high throughput.
Solaxy plans to bridge Solana and Ethereum ecosystems
Beyond Solana, Solaxy’s vision extends to broader cross-chain functionality. The project is building a bridge interface in collaboration with Hyperlane, allowing seamless transactions between Solana and Ethereum – two of the largest ecosystems in crypto.
This cross-compatibility enables liquidity sharing, supports decentralised applications across networks and allows users to benefit from Solana’s speed without forgoing Ethereum’s deep liquidity. These technical underpinnings are critical at a time when more developers and users demand flexibility across blockchain ecosystems.
Solaxy has also integrated with Best Wallet, a fast-growing crypto wallet platform available on iOS and Android. Best Wallet users can purchase and view their SOLX tokens directly in-app, receive alerts for claim events and track staking rewards in real time. This integration further enhances accessibility, particularly for newcomers who want a simple entry point into DeFi.
Market prepares for listing as Solaxy gains traction on social media
With over 84,000 combined followers across X and Telegram, Solaxy’s community has grown significantly in recent weeks. Analysts are beginning to take notice, with several highlighting the project’s unique value proposition during a time when infrastructure debates dominate crypto headlines.
Unlike meme coins that pump and fade, Solaxy has positioned itself as a Layer 2 contender that directly addresses a critical weakness in Solana’s infrastructure. If its rollup execution continues to meet expectations, the project could play a major role in driving Solana’s next leg of adoption.
As AWS outages once again highlight the vulnerability of centralised services, the need for decentralised scaling solutions is coming into sharper focus. Whether or not Solana avoids future congestion crises will depend not just on protocol-level upgrades, but on Layer 2 solutions like Solaxy stepping up to the challenge.
For investors eyeing the next breakout token, Solaxy represents a convergence of timing, utility and market sentiment. The technical infrastructure is robust, the presale metrics are impressive and the project’s roadmap aligns closely with the broader narrative of blockchain scalability.
With a token generation event and multiple exchange listings on the horizon, early participants may have a rare opportunity to get ahead of what could become one of 2025’s most talked-about launches.
