Introduction

Solana is one of the fastest Layer 1 blockchains in the market. It handles thousands of transactions per second and is widely used for DeFi apps, NFTs, and other high-performance blockchain use cases. But despite its technical advantages, Solana faces well-documented issues during periods of high network activity. These include congestion, failed transactions, and slower confirmation times.

Solaxy was developed as a direct response to these challenges. It is a Layer 2 blockchain designed to run on top of Solana. Its purpose is to offload traffic, increase processing speed, and make the entire system more reliable—especially when usage spikes.

Instead of competing with Solana, Solaxy works alongside it. It processes transactions off-chain, bundles them into batches, and then settles them securely on the Solana mainnet. This reduces the load on Solana Layer 1 and improves scalability without compromising decentralization or security.

The project introduces $SOLX as its native token, which is used for transactions, staking, and dApp development within the Solaxy network.

What is Solaxy

Solaxy is a Layer 2 blockchain built on top of Solana. Its main purpose is to improve Solana’s performance by handling transactions more efficiently during periods of high activity. It does this by using off-chain processing and rollup architecture, which reduces the load on Solana’s Layer 1 network.

While Solana is already known for its speed, it can become congested when many users interact with dApps at the same time. This can lead to delayed or failed transactions. Solaxy solves this by processing transactions off-chain, grouping them into bundles, and then settling them on Solana’s mainnet. This setup helps maintain fast speeds and low fees, even under heavy usage.

Solaxy is not a standalone blockchain. It is tightly connected to the Solana ecosystem and depends on Solana for final transaction settlement and network security. In this way, Solaxy supports Solana’s long-term scalability goals rather than replacing or competing with it.

The network is powered by its native utility token, $SOLX. This token is used to pay transaction fees, incentivize staking, and support dApp development within the Solaxy environment.

In short, Solaxy is a specialized Layer 2 solution that makes Solana more scalable and reliable for developers, users, and projects with high transaction volumes.

History of Solaxy, Origins, and Key Persons

Solaxy was launched in late 2024 by Solaxy Tech Ltd., a company registered in the British Virgin Islands. The project was created to address specific limitations in the Solana ecosystem, mainly the network’s reduced reliability and scalability during times of high traffic.

The company’s Managing Director is Manish Pillai, who is listed as the lead representative on formal documents. While detailed background information about the broader team is not currently available on public channels, the company has emphasized transparency in its public presale model - offering no private sale rounds and focusing on open participation.

From a funding perspective, Solaxy is being bootstrapped through a public token presale of $SOLX, the network’s native token. The presale adopts a staged pricing model that increases over time, rewarding early participants. There is no mention of venture capital investment or institutional backers as of mid-2025. The project has also undergone a smart contract audit by Coinsult, which is publicly available and confirms basic security standards.

The early focus of Solaxy has been on building its technical foundation, engaging the crypto community, and setting up the $SOLX staking infrastructure ahead of the Token Generation Event (TGE). Based on its published roadmap, the team aims to complete network deployment and token exchange listings by Q2–Q3 2025.

How Does Solaxy Work?

Solaxy is designed as a Layer 2 solution for the Solana blockchain. It improves performance by handling transaction processing off-chain and finalizing results on Solana’s Layer 1 network. This model reduces the workload on the main network while keeping its core security features intact.

Off-Chain Transaction Processing

Solaxy processes a large number of transactions off the Solana mainnet. Instead of recording each transaction one by one on-chain, it groups or “bundles” them into a single data package. This approach reduces congestion, increases speed, and lowers transaction costs.

Rollup Architecture

The core technology behind Solaxy is a rollup framework. Rollups are commonly used in blockchain scaling to execute transactions off-chain and then post a summary of those actions on-chain. In Solaxy’s case, this summary is sent to the Solana blockchain, where it is verified and permanently recorded.

This layered model allows Solaxy to deliver high throughput without compromising on decentralization or data integrity. It also maintains compatibility with Solana’s proof-of-stake (PoS) consensus system.

On-Chain Settlement on Solana

Even though Solaxy processes transactions off-chain, the final settlement occurs on the Solana mainnet. This step ensures that all transaction data is secured and validated by Solana’s Layer 1. It also allows Solaxy to benefit from Solana’s existing validator network and security infrastructure.

Modular Infrastructure

Solaxy is built to be flexible. Developers can customize parts of the network to suit specific needs—whether for gaming, financial applications, or micro-transactions. This plug-and-play model allows for easier integration of dApps and services.

Key Features of Solaxy

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Rollup-Based Layer 2 Architecture

Solaxy uses rollup technology to process transactions off-chain and submit compressed data back to the Solana mainnet. This reduces congestion on Layer 1 while maintaining a high level of trust and data integrity.

Off-Chain Transaction Bundling

Instead of broadcasting each transaction directly to the main network, Solaxy bundles multiple transactions together. These are then verified and finalized on-chain, improving efficiency and reducing the number of on-chain operations.

Low Transaction Fees

By minimizing on-chain activity through bundling, Solaxy significantly reduces the cost of transactions. This makes it more suitable for applications that rely on frequent, low-value transactions like gaming or micro-payments.

High Throughput and Speed

Solaxy increases transaction throughput by shifting most of the computational work off-chain. This ensures faster transaction confirmations even when the underlying Solana network is experiencing high traffic.

Modular Infrastructure for Developers

Solaxy is designed with flexibility in mind. Developers can integrate different components based on their project needs – whether it’s for meme coins, financial protocols, or gaming applications.

Compatibility with Solana’s Proof-of-Stake Model

The network works in sync with Solana’s proof-of-stake consensus system. While Solaxy handles execution and processing, Solana provides final settlement and network-level security.

Staking and Incentives with $SOLX

Solaxy uses the $SOLX token to power its ecosystem. Users can stake their tokens to help secure the network and earn rewards. The staking structure is designed to encourage early and sustained participation.

Is $SOLX a Good Investment?

$SOLX has functional utility within the Solaxy ecosystem. It is required for paying transaction fees on the Solaxy network, staking to secure the network and earn rewards and incentivizing dApp developers and users. These use cases create ongoing demand if the network gains adoption. However, demand will depend on how many developers and users actually build and transact on Solaxy.

The token distribution is being conducted through a public presale with no private rounds. This transparent model prevents early private investors from having a disproportionate advantage, which can reduce the risk of early dumping. As of June 2025, the presale has raised over $48 million, with daily inflows reported above $1 million — signaling strong demand before launch. The team also burned 35 billion $SOLX tokens (around $62 million in value), reducing total supply by 25% and adding deflationary pressure.

$SOLX smart contracts have been audited by Coinsult. While this adds a layer of credibility, audits do not eliminate all risks. Investors should still do their own due diligence.

25% of the total $SOLX supply is allocated for staking rewards. The earlier an investor participates in staking, the higher the potential return (APY). However, rewards decrease as more participants join the pool. This design favors early adopters but reduces incentives over time.

Solaxy plans to list $SOLX on both decentralized and centralized exchanges after the presale. While listings are expected in Q2–Q3 2025, no exchange names have been officially confirmed. Liquidity and trading volume will depend on successful listings and user interest.

How Can You Own $SOLX

Solaxy has announced plans to list $SOLX on both decentralized exchanges (DEXs) and centralized exchanges (CEXs) following the conclusion of the presale. However, specific platforms have not been officially confirmed for listing at this time.

Tokenomics of $SOLX

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The $SOLX token is designed to support the Solaxy ecosystem by facilitating transactions, incentivizing staking, and enabling participation in decentralized applications (dApps). The tokenomics are structured to balance accessibility, long-term development, and network security.

The total public supply of $SOLX is set at 138,046,000,000 tokens. This large supply is intended to support network scalability and broad user adoption. The token distribution is divided into five primary categories:

• 30% Development: Reserved for ongoing technology development, platform upgrades, and dApp support.
• 25% Rewards: Allocated to staking incentives and ecosystem rewards to promote active participation.
• 20% Treasury: Set aside for long-term sustainability and financial stability of the project.
• 15% Marketing: Dedicated to user acquisition, community growth, and promotional activities.
• 10% Listings: Used to ensure liquidity on centralized and decentralized exchanges.

This structure prioritizes development and community participation, with a significant portion of tokens (55%) tied to incentives and growth.

Presale Pricing Strategy

• Solaxy uses a staged presale model, where token prices increase at each phase.
• Early participants receive lower token prices and potentially higher staking rewards.
• There are no private presales, making the process open to all participants under the same terms.

Staking Pool

• 25% of the total supply is allocated specifically to staking rewards.
• Participants can stake during the presale and continue after the Token Generation Event (TGE).
• Staking rewards are dynamic and decrease as the total number of stakers increases, ensuring early supporters earn higher yields.

Token Claim and Liquidity

• Purchased and staked tokens will become claimable after the TGE.
• $SOLX is expected to be listed on both DEXs and CEXs following the presale.

Burn Mechanism

As of now, there is no token burn mechanism. The circulating supply remains fixed unless future updates specify otherwise.

Environmental Impact

$SOLX operates on a proof-of-stake (PoS) model via Solana, ensuring minimal energy consumption and aligning with eco-friendly blockchain standards.

Roadmap of Solaxy

The roadmap of Solaxy outlines its planned development in three main phases: Foundation, Expansion, and Deployment. Each phase targets specific technical goals and ecosystem milestones to guide the network from presale to full-scale launch.

Phase 1: Foundation

This phase focuses on setting up the core structure of the project and building community interest.

• $SOLX Presale Launch: Initiation of the public token sale with no private rounds.
• Staking Program Introduction: Launch of staking incentives for early supporters.
• Community Engagement: Initial outreach campaigns to attract users, developers, and investors.

This stage is primarily focused on preparing the network for adoption and collecting early feedback.

Phase 2: Expansion

In this phase, the project transitions from fundraising to token distribution and exchange access.

• Token Generation Event (TGE): The point at which $SOLX tokens become claimable by presale participants.
• Exchange Listings: Plans to list $SOLX on both decentralized (DEXs) and centralized exchanges (CEXs). No specific platforms confirmed yet, but listings are expected to begin in Q2 or Q3 of 2025.
• Community Participation Growth: Initiatives to expand the user base and encourage deeper involvement in staking and governance.

The goal is to make $SOLX liquid and accessible while expanding the network’s visibility.

Phase 3: Deployment

This is the execution stage where Solaxy goes live as a Layer 2 blockchain.

• Mainnet Launch: Full deployment of the Solaxy Layer 2 network.
• Onboarding High-Traffic dApps: Solaxy will begin supporting applications that require high throughput and low fees, such as real-time games and micro-payment platforms.
• Advanced Scalability Features: Further optimization of the rollup infrastructure and off-chain transaction processing.

Deployment completes the transition from test environment to a functioning Layer 2 network that can support real-world applications.

Conclusion

Solaxy is a Layer 2 blockchain built to improve Solana’s transaction handling during periods of high activity. It addresses key performance limitations by offloading transactions from the mainnet, processing them off-chain, and settling them in optimized batches. This reduces network congestion and enables faster, more efficient dApp performance.

The project’s rollout follows a structured roadmap, moving from public presale to token launch, and eventually to mainnet deployment. Its utility token, $SOLX, plays a central role in network operations, including transactions, staking, and developer incentives. The tokenomics model prioritizes transparency, accessibility, and long-term sustainability, with no private sales and a clear staking rewards system.

Solaxy is not attempting to replace Solana but to scale it. Its success will depend on adoption by developers and users, the reliability of its rollup infrastructure, and execution of its roadmap milestones. As of mid-2025, the project is still in development, with key events like the Token Generation Event and exchange listings pending.

For those interested in Solana’s long-term ecosystem, Solaxy offers a focused approach to improving scalability. However, as with any early-stage blockchain project, it involves technical and market risks. Prospective participants should review all documentation and consider the project’s current stage before making any investment or development decisions.