Solana Price Jumps 9% as New L2 Project Solaxy Banks $14M in Presale

Solana (SOL) is showing no signs of slowing down in 2025.

Its native token, SOL, is up 9% in the past 24 hours – erasing most of the losses from yesterday.

Alongside SOL’s surge, a new Layer-2 solution called Solaxy (SOLX) has just blown past the $14 million mark in its presale.

Solana Price Rebounds as Spot Trading Volumes Surge

Solana is back on track after a brief dip.

After testing a minor support level yesterday, SOL has rebounded, climbing to $267 at the time of writing.

That puts SOL back where it was on Wednesday, and it’s now leading all the major altcoins in terms of gains.

But what’s really interesting are the factors behind this rebound.

Looking at spot trading volumes, it’s clear that interest in SOL is surging again.

Spot volumes soared past $10 billion in the past 24 hours, even passing XRP, marking a 10% increase from the previous day.

On top of that, open interest has climbed to $4.1 billion, which suggests that traders are betting on SOL going even higher.

The token’s technicals look good, too.

On the 4-hour chart, SOL rejected the 50-period EMA, and since then, it has followed an upward trendline that formed earlier this week.

This solid support and the uptick in trading volume hint that the bulls are back in control for Solana.

Beyond the Price – Why Solana’s Fundamentals Are Stronger Than Ever

Several factors are lining up that could send SOL even higher in the coming months.

The big one everyone’s watching is today’s Solana ETF decision.

This potential approval comes as big money is pouring into the ecosystem, with over $3.5 billion in stablecoins flowing in the past ten days.

Solana’s fundamentals are also getting stronger.

Over 7,600 new developers joined the network last year, and this influx of talent is fueling innovation across the board, from new DeFi protocols to AI projects and even platforms for real-world assets (RWAs).

DEXs like Raydium and Jupiter are also seeing huge traction.

And Solana’s not resting on its laurels when it comes to tech, either.

The upcoming “Firedancer” upgrade promises to boost transaction speeds, potentially to one million per second.

On top of that, Solana is getting even more political backing, with venture capitalist David Sacks being given a role as a crypto advisor in the Trump administration.

Sacks is famously a big supporter of Solana.

Could Solaxy be the Next Big Layer-2 Network? SOLX Token Presale Passes $14M Mark

Another factor playing into Solana’s bullishness is all the buzz around Solaxy and its presale.

This new Layer-2 project just hit a huge milestone – raising over $14 million from early investors.

Clearly, many people believe Solaxy could be the key to solving Solana’s scaling challenges.

The timing of its emergence couldn’t be better.

As Solana gets more popular, the need for effective scaling solutions is becoming urgent.

Solaxy’s approach, which involves processing transactions off-chain and then settling them in batches, could help things run much smoother during peak times.

However, there’s more to Solaxy than just scaling.

The platform also has a staking program for the native SOLX token, which currently offers annual yields of 274%.

Investors have already locked up more than 4.1 billion tokens in this program.

But the most exciting thing is all the hype that Solaxy is getting from popular crypto influencers.

For example, Austin Hilton released a video analysis of Solaxy last week – stating that it’s a “major” project.

He also believes the planned bridge between Solana and Ethereum could unlock access to the latter’s huge liquidity base.

With the SOL price rising and institutional interest in Solana growing, Solaxy could be in the right place at the right time.

And with SOLX tokens on presale for just $0.001612, this might be the last chance to grab them at such a low price.

Visit Solaxy Presale

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