Solaxy Hits $31M Milestone, Launches Solana-Powered Explorer as $SOL Reclaims $140

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 crypto presale on Monday.

To celebrate the milestone, Solaxy unveiled its block explorer, which gives users a real-time, transparent view of every transaction across Layer-2.

It’s 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).

Solaxy’s block explorer

Solana broke above the $140 price level on Sunday and continued to trade 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 they’re bundled and committed to Solana’s mainnet.

Though still in its testnet 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 rollup 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 builtto 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.

Solaxy’s recent dev updates

Solaxy has also rolled out some key upgrades behind the scenes to level up its tech last week.

First up, 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 experience for users.

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.

Solaxy’s presale could be ending 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. If successful, 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.

The $32 million milestone is within reach

The Solaxy presale has picked up serious momentum in recent days, with the next milestone – $32 million raised – now within reach before the week wraps up.

To join the presale, simply head to the Solaxy website and connect your wallet. 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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