From Underdog to Breakout: Arbitrum’s Rise Mirrors Solaxy’s Potential as Presale Reaches $29.6M
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When Arbitrum first launched, few outside the dev circle truly understood what it could become. Fast forward, and it’s now a cornerstone of Ethereum’s Layer-2 ecosystem – with a multibillion-dollar market cap to prove it.
Now, Solana may be having its own Arbitrum moment – and it’s called Solaxy ($SOLX). As of Friday, its presale has surged past $29.6 million.
Solana’s longstanding network congestion has often been brushed aside by believers in its monolithic design, but recent performance says otherwise.
Solaxy steps in as the first Layer-2 built specifically for Solana, aiming to offload the burden and finally unlock the chain’s full potential for users, developers, and investors alike.
That’s why smart money is flowing in. At the current presale round, $SOLX is priced at just $0.00169 – but that window closes in eight hours before the next stage pushes the price higher.
Also, the earlier you buy the sooner you can take the chance to stake your tokens, giving you the opportunity to earn rewards that will more than double your return over a 12-month period. You can buy and stake $SOLX today.
The current staking reward is 137% but that yield changes dynamically as the deposit amount in the staking smart contract fluctuates.
Arbitrum Put Layer-2s on the Map – Is Solaxy About to Do the Same for Solana?
Arbitrum launched in 2021 as one of Ethereum’s first real Layer-2 scaling solutions – built to ease congestion and slash gas fees. Powered by Optimistic Rollups, it processes transactions off-chain and posts them back to Ethereum, making everything faster and cheaper.
Initially, only devs and insiders paid attention – back when the crypto space was still wrapping its head around DeFi.
But when Ethereum gas fees spiked – with average prices often exceeding 100 Gwei and surging past 500 Gwei during peak periods in 2020 and early 2021 (translating to $50–$100 per transaction for complex DeFi trades or NFT mints) – the cost and scalability issues became impossible to ignore.
Source: Coinmetrics
That’s when smart money rotated in hard – especially after the $ARB airdrop was announced in March 2023.
Arbitrum exploded into the spotlight, becoming the most-used L2 by total value locked (TVL), with over $10 billion flowing through its ecosystem at its peak.
A similar story is unfolding on Solana – the would-be “Ethereum killer”.
Just like investors couldn’t fathom Ethereum needing an L2 back then, Solaxy is launching at a time when even Solana’s co-founder Anatoly Yakovenko claims Layer-2s aren’t necessary.
But with repeated congestion and transaction failures, the chain is showing cracks – and Solaxy is stepping in to patch them.
And just like Arbitrum led the charge for Ethereum’s L2 era, Solaxy is first out the gate for Solana.
Following Arbitrum’s Success with Ethereum, Solaxy Sets Sights on Scaling Solana
Solaxy is to Solana what Arbitrum was to Ethereum – the first true Layer-2 solution built to solve a scaling issue the core community was reluctant to acknowledge.
In a similar way to how Arbitrum relieved Ethereum’s clogged pipes and soaring gas fees by offloading transaction data off-chain, Solaxy is stepping in to address Solana’s recurring congestion and network instability.
But here’s the twist – while Arbitrum uses Optimistic Rollups, Solaxy is tailor-made for Solana’s monolithic architecture. It operates as a seamless companion chain, processing overflow activity and pushing finalized results back to the mainnet.
It’s fast, frictionless, and designed to scale Solana’s performance without compromising its speed or cost advantages.
Arbitrum became the backbone of Ethereum’s L2 surge with a comparable strategy; Solaxy could ignite a new Layer-2 ecosystem for Solana.
And unlike Ethereum – where L2s took years to gain traction – Solaxy has a shot at faster adoption.
Solana already delivers high speed and low fees; Solaxy extends that performance to make the network more reliable for the heavier use cases it’s known for, like meme coins and Web3 gaming – and potentially unlocks even more high-volume DeFi.
The blueprint is proven (see Arbitrum), but Solaxy bypasses the early friction and hits the market with timing, product-market fit, and investor interest already on its side.
Is Solaxy on Track to Mirror Arbitrum’s Rise – and Reach a $2 Billion Valuation?
If Solaxy reaches the same $2 billion market cap that Arbitrum hit at its peak, each $SOLX token would be worth approximately $0.01449 based on its total supply of 138 billion tokens. That’s an 8.5x gain from the current presale price of $0.00169.
But here’s where the upside gets even more interesting – that comparison only factors in market cap. It doesn’t fully capture Solaxy’s potential impact on Solana itself.
Solaxy’s mission is to make Solana far more reliable than it currently is – unlocking the kind of consistent performance that could finally position it to rival Ethereum at scale. In other words, Solaxy is the upgrade that puts real firepower behind Solana’s ambition to dethrone Ethereum.
If Solana’s aspirations are realized, projects like Solaxy – the ones solving its biggest bottlenecks – are positioned to rise alongside it.
This may be why some analysts and crypto influencers see $SOLX as having the potential to rise more than 8.5x. Myles G Investments, who boasts 164,000 YouTube subscribers, has predicted that $SOLX could see a 100x price explosion.
$SOLX Presale Approaches $30M – Here’s What You Should Know
Of course, the key to maximizing returns on any investment is getting in early.
Just like how the initial $ARB tokens were airdropped to early Arbitrum users as a reward for being active participants in the ecosystem, the $SOLX presale presents a similar opportunity – giving investors the chance to ride Solaxy’s potential upside from the ground floor.
To get involved, head to the Solaxy website and connect your wallet. For the best experience, Best Wallet is highly recommended – it lets contributors view their $SOLX tokens before launch and supports seamless multichain access across Ethereum and Solana.
Stay plugged into the Solaxy community on X and Telegram for the latest updates.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
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