Solaxy launched its SOLX token on June 23, 2025, at 14:00 UTC across two decentralized exchanges (DEXs), Uniswap (Ethereum) and Raydium (Solana), following a six-month crypto presale that raised $58 million. The Solaxy token debuted at approximately $0.00182 on both platforms.
On Uniswap, which recorded higher trading volume, the SOLX token fell to an all-time low of $0.0005821 within 35 minutes, reflecting a 68% drop from the initial listing price. Trading has since stabilized. At the time of writing, SOLX is priced at $0.0011 on Uniswap, down 40% from the listing price, with a 24-hour trading volume of $7 million.
Raydium showed a steeper initial decline, with the SOLX token falling 88% within the fourth hour to a low of $0.0002092. Volatility remained elevated during the early hours of trading before stabilizing. As of now, SOLX is trading at $0.00114 on Raydium, reflecting a significant recovery and marking a 37% drop from the initial listing price. It has a 24-hour trading volume of $1.7 million.
Solaxy Crypto Project and $58 Million Presale
Solaxy is a Layer-2 blockchain protocol built on Solana, aimed at scaling blockchain infrastructure using rollup-based technology. It targets over 10,000 transactions per second (TPS), low transaction fees, and seamless cross-chain compatibility between Ethereum and Solana.
The project is developing an ecosystem that includes a blockchain explorer, a cross-chain bridge, a decentralized exchange called Neptune, staking infrastructure, and a native launchpad named Igniter Protocol. The SOLX token will serve core functions across the platform, including transaction fees, staking, and participation in upcoming features.
The Solaxy crypto presale began in December 2024 and raised $58 million over six months. The campaign ran alongside the ongoing development of key infrastructure, with multiple product launches approaching in July.
Upcoming Releases and Project Timeline
According to public announcements, Solaxy is preparing for a centralized exchange (CEX) listing in the coming days. The Layer-2 blockchain mainnet, blockchain explorer, and cross-chain bridge are scheduled to launch on July 7, 2025.
Neptune, the Solaxy decentralized exchange, is expected to go live on July 14, followed by the rollout of Igniter Protocol, the project’s native launchpad, on July 21. These product launches form the foundation of the Solaxy crypto platform, with the SOLX token playing a central role in powering its ecosystem.
