Solaxy ($SOLX), the first-ever Layer-2 scaling solution for Solana, has crossed the $16.3 million presale milestone, reflecting growing investor confidence in its potential to transform the network.
The surge comes as Solana’s meme coin launchpad, Pump.fun, recorded an unprecedented $3.3 billion in weekly trading volume, driven largely by a wave of Trump-themed meme coins following the surprise token launches linked to the new U.S. president.
On January 23 alone, trading on the platform soared past $544 million, smashing previous single-day records, Dune Analytics data shows.
However, the spike in transactions also caused severe congestion on the Solana blockchain. With Solana struggling to handle such massive trading volumes, investors are turning to Solaxy as a promising fix.
By processing transactions off the main Layer-1 chain, Solaxy aims to reduce congestion, lower transaction fees, and enhance processing speeds, which are critical improvements for a network aiming to scale efficiently.
The Solana community has embraced Solaxy, driving strong demand for $SOLX tokens since the presale began just over a month ago. Currently priced at $0.001624 per token, this rate is set to increase in just two days as the presale moves to its next funding phase.
The recent explosion of Trump-themed meme coins on Pump.fun significantly impacted Solana’s blockchain activity.
Reports suggest that over 6,800 tokens were launched using variations of the “Trump” name, many created with the intent of misleading investors by capitalizing on the success of Official Trump ($TRUMP) and Official Melania ($MELANIA).
This frenzy led to Solana validators collecting $25 million in transaction fees, as traders scrambled to process transactions amid network congestion.
Data Spotlight: How Scammers Reacted to the $TRUMP Token Launch | Blockaid Blog
The overwhelming demand slowed down one of the fastest and most cost-effective blockchains, forcing traders to pay higher fees to push their transactions through.
This is the problem Solaxy is designed to solve, ensuring Solana can better manage high trading volumes and maintain its efficiency in the long run.
Despite Solana’s high speeds and low fees, congestion issues have prevented it from being fully recognized as a true Ethereum ($ETH) competitor in DeFi. This is why Ethereum continues to dominate, with a Total Value Locked (TVL) six times higher than Solana’s.
Traders are betting that Solaxy could be the missing piece that propels Solana to new heights, addressing the core scalability challenge that has limited its adoption.
Some analysts even suggest that Solana’s price could hit $400 by February if congestion issues are resolved, making Solaxy a key catalyst for that growth.
As Solana’s first Layer-2 scaling solution, Solaxy reduces failed transactions, improves processing speeds, and enhances overall network reliability.
Its streamlined transaction processing has earned the title of the “DeepSeek of blockchain,” highlighting its efficiency in optimizing the ecosystem.
The $SOLX token is positioned as a high-growth opportunity, drawing comparisons to early-stage Solana ($SOL) investments.
When Solana traded at just $0.50 five years ago, its meteoric rise to $228 delivered a staggering 45,500% return, turning a $1,000 investment into $456,000.
Solana Price: SOL Live Price Chart, Market Cap & News Today | CoinGecko
Many investors now view $SOLX as a second chance to capitalize on an emerging Solana-based opportunity before its price takes off.
With Solaxy being the only available solution to Solana’s scalability challenges, skipping this presale could mean missing out on one of the most promising blockchain innovations in recent years.
Joining the Solaxy presale is simple and offers early access to a game-changing Layer-2 solution for Solana.
Investors can participate by visiting Solaxy’s official website, connecting their wallets, and purchasing $SOLX using SOL.
Alternatively, Best Wallet, a next-gen multichain wallet, offers an easy way to buy $SOLX with low fees, seamless Ethereum and Solana integration, and advanced investment screening tools.
Best Wallet’s “Upcoming Tokens” screener has already identified Solaxy as a high-potential project, reinforcing its long-term investment appeal. $SOLX purchases can be made directly within the app, making the process even more convenient.
To stay informed on Solaxy’s developments, join the growing community on X and Telegram and follow the project’s roadmap.
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
The Federal Reserve meets tomorrow, and prediction markets show a 95% chance of a 25…
U.S President Donald Trump has once again put the Federal Reserve under pressure. He just…
The SOL price could explode in December, many are upvoting this as Bitcoin and SOL…
Many investors watched Ethereum surge and regretted not entering early. Now, attention is shifting to…
The CRO price remained steady above $0.10 on Tuesday as broader markets positioned themselves ahead…
Hong Kong has launched a public consultation to update its Crypto Asset Reporting Framework (CARF)…
