After the $TRUMP and $MELANIA coins launched on the Solana blockchain this weekend, SOL is up 45.57 %, surpassing $10B TVL (Total Value Locked) for the primary time because the FTX collapse two years ago.

Nonetheless, this success has not come without its challenges. As Solana struggles to cope with the congestion brought on by an unprecedented (no pun intended) surge in transactions, this Solana Layer-2 solution, Solaxy ($SOLX), couldn’t come up at a greater time. 

On 19 January, the $SOL price soared to a recent all-time high above $290 and a market cap above $128B in direct relationship to the mania across the Trump-family meme coins.

First got here $TRUMP after incoming US president Trump announced his official meme coin on X late on Friday, 17 January.

The $TRUMP meme coin attracted massive trading volumes of some $3B over the weekend, reaching its peak at $6B in market cap and $30B in fully diluted value inside 24 hours.

Trump’s coin went on to develop into the third-largest cryptocurrency across all blockchains when it comes to market capitalization by Sunday, before suddenly falling back, just because the MELANIA coin launched and began gaining traction.

A Tough Act to Follow

Like her husband’s coin before her, MELANIA shot the lights out, surging over 21,000% and reaching $12B in lower than three hours from launch on Sunday, 19 January.

Indeed, the 2 Trump coins sent traffic on Solana ($SOL) through the roof over the weekend. While this helped $SOL generate over $35 million in fees and at the least $14 million in revenue, the pre-inauguration surge also led to a few of Solana’s ecosystem applications, like Jito and Phantom reporting technical difficulties and delays.

Because the pressure on Solana’s blockchain mounts, a project like Solaxy ($SOLX) is in an important position to make its debut. 

What Is Solaxy?

Solaxy is the token powering the first-ever Layer-2 (L2) blockchain built on Solana. The L2 Solana network will tackle the network congestion, scalability issues, and failed transactions we’ve seen during this recent peak trading activity.

While the Layer 2 won’t be able to take the pressure off during this current TRUMP surge, it is going to lay the inspiration for Solana’s future expansion.

$SOLX relies on Ethereum and goals to tap into the liquidity of Ethereum to boost Solana, enabling faster, cheaper, and more reliable transactions at a scale previously unseen.

The $SOLX token presale launched on December 12, 2024, and has already raised near $12M ($11.93M). Thus far, the token price has gone from $0.001 to over $0.0016 — a 60% increase, reflecting significant investor interest. 

With demand for Solana’s infrastructure only rising, analysts consider Solaxy could reach $0.025 by the top of 2025, offering potential returns of 1,462.5% for presale investors, with even higher gains for early adopters. Early $SOLX investors also profit from dynamic staking rewards, currently offering 306% annual returns. 

The Solaxy network continues to be under development and is barely slated for release later this 12 months, but its promise to deal with Solana’s pain points has already attracted marked interest, as its growing community on Telegram and 61K follower count on X testify.

Solaxy to Rise 100x?

As Solana’s galaxy of meme coins continues to expand, Solaxy’s positioning as an L2 project for the meme coin market, together with its attractive early investor rewards, could set it as much as develop into Solana’s next 100x coin by the 12 months’s end. 

Nonetheless, as with every recent cryptocurrency, the risks remain, and it is best to at all times DYOR.