Solaxy Rockets 127% in 24 Hours After Securing MEXC and Multiple CEX Listings

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Last updated: 

July 2, 2025

Solana’s first Layer-2 chain, Solaxy (SOLX), has surged more than 127% in the past 24 hours, fueled by news of a confirmed listing on one of the world’s top exchanges: MEXC.

Solaxy began trading on decentralized exchanges last month after a highly successful presale that raised over $58 million, which captured strong early interest from investors.

The SOLX MEXC listing went live on Wednesday at 8:00am UTC, and is up 105% on the exchange at $0.00102. Alongside several other top-tier exchange listings confirmed for this week, Solaxy is rapidly delivering on its roadmap objectives.

The MEXC launch marks only the beginning of Solaxy’s broader expansion. Aside from trading the SOLX/USDT pair on the exchange, SOLX is also available on decentralized platforms such as Raydium and Uniswap.

Solaxy Headed to MEXC With a 62.5M Token Airdrop

Solaxy’s listing on the Singapore-based exchange MEXC was confirmed on Tuesday. As part of the launch, MEXC hosted a Kickstarter pre-listing event, allowing users to commit MX tokens for a chance to receive free airdrops and support the project ahead of trading.

The campaign distributed 62.5 million SOLX in rewards, with voting concluding today ahead of trading.

Because another project on MEXC already uses the ticker SOLX, Solaxy trades under the symbol SOLAXY on the platform. Users should keep this in mind when making deposits or withdrawals.

What Does This Mean for SOLX Holders?

For Solaxy holders, the MEXC listing is a vote of confidence in what the project is building, and at this early stage it is already attracting a massive exchange exposure that can bring in fresh liquidity, tighter trading spreads, and a much wider audience – which strengthens confidence for those already holding SOLX.

MEXC’s Kickstarter event further demonstrates confidence in Solaxy’s long-term potential, especially as it aims to fill the gaps needed for Solana to become a truly dominant chain.

Crucially, these moves reflect that the project is following through on its post-launch plans, maintaining a fast pace of execution that can reassure early backers about its growth trajectory.

As Solaxy transitions from presale to live market trading across multiple platforms, investors will be watching closely to see if that momentum translates into sustained demand – potentially positioning SOLX for even stronger price discovery as the market opens up further.

What’s Next for Solaxy?

For those who have followed the project since its presale days, it’s clear this is just the beginning for Solaxy.

Still ahead on its roadmap are key rollouts including the mainnet launch, its block explorer, the Solaxy bridge, the Neptoon decentralized exchange, and Igniter – its own token launch and meme coin creation platform designed to compete with rivals like Pump.fun.

All of these features are lined up for release this month, reflecting the same speed and efficiency that Solana is known for – and that Solaxy aims to match as it pushes to stay on schedule.

In addition to MEXC, the team has also confirmed that multiple other top-tier exchanges will list Solaxy within the week, which would further widen participation and amplify support ahead of its full rollout.

Now, one key challenge remains: delivering on its promise to make Solana truly dependable during high traffic. If it succeeds, the 127% gain in just 24 hours could be only the tip of the iceberg.

Solaxy Recap

For those who are unaware, Solaxy is the first dedicated Layer-2 solution built on Solana, designed to improve the network’s performance, scalability, and reliability during periods of high demand.

Rather than replacing Solana, Solaxy acts as a high-performance extension, processing overflow transactions off-chain while finalizing them securely on Solana Layer-1.

It uses a fully SVM-compatible architecture, allowing developers to deploy high-throughput decentralized applications with the same tools they already use on Solana, but with greater scalability and lower costs.

The native token, SOLX (which, as mentioned, trades under the symbol SOLAXY on MEXC), powers transactions, staking rewards, and developer incentives within the ecosystem.

With its mainnet scheduled to launch this month, Solaxy aims to become a critical backbone for scaling Solana as activity grows, ensuring the chain remains dependable across DeFi, gaming, and other high-demand use cases.

Here’s How to Get SOLX

To buy SOLX on the MEXC exchange, fund your account and visit the SOLAXY/USDT trading pair page.

You can also still purchase the Ethereum version on Uniswap, while the Solana version is available on Raydium.

Simply connect your preferred wallet, such as Best Wallet, to complete the purchase.

To stay updated on listings and other project news, join the Solaxy community on Telegram and X.