Solaxy ($SOLX) has raised over 7 million dollars in its recently launched token presale, showing strong appeal among cryptocurrency traders.

The project is building the first layer 2 blockchain of Solana, addressing the urgent issue of network congestion. At the heart of the operation is $SOLX, the native token of Solaxy used to transfer value and pay gas fees.

The price of $SOLX will gradually increase throughout the fundraising campaign of the presale. The current price is $0.001586, but it will rise later today.

With scheduled price increases in the presale, those looking to capitalize on maximum profit potential should not wait too long.

Bringing Ethereum liquidity to Solana

In addition to being the first and only layer 2 blockchain of Solana, one of the standout measures of Solaxy is its position as a cross-chain asset.

Its native utility token, $SOLX, is available for purchase on the Ethereum network. Ethereum has unmatched liquidity infrastructure, with a staggering total value locked (TVL) of 65 billion dollars in its blockchain.

Solaxy leverages this deep liquidity, providing Ethereum users an opportunity to invest in $SOLX. This is expected to attract substantial capital flows into the Solaxy ecosystem, unifying the two leading smart contract-enabled blockchain systems through a single token.

The Solaxy presale is only available on the Ethereum network, providing an additional opportunity for participants. When the Solaxy blockchain goes live, the 4 million active users of Solana will have access to the token, bringing new demand and potential for explosive price appreciation.