A Bitcoin boom is sending crypto prices higher, but experts believe Solaxy ($SOLX) will provide above-average returns

Bitcoin is approaching its highest level in almost one month, sending waves of optimism through the crypto market.

In the dynamic realm of cryptocurrency, where trends shift rapidly and opportunities emerge at every turn, experts are closely watching for tokens that could provide above-average returns. As Bitcoin continues its rally, experts believe that the project aims to slash transaction fees and improve speeds, making Solana more usable, even amidst peak network activity.

Aiming to build the world’s first Solana layer 2 blockchain, Solaxy is focused on transactional throughput. A new report explores the project in detail.

Solana struggles with congestion

During periods of high network activity, Solana’s validators cannot handle all transaction requests. This leads to longer wait times and a higher chance of transactions failing.

The issue was exacerbated in January when Donald Trump launched his meme coin on the network. At the peak of the excitement, there were millions of transaction requests per second, making the network unusable and causing many traders to lose money.

However, the Solaxy layer 2 will allow Solana to continue functioning, even during these high-volume instances. It will handle some of Solana’s workload on a roll-up blockchain.

This processes transactions in bundles rather than individually, making Solaxy even more scalable than Solana, leading to cheaper, faster, and more reliable transactional throughput.

The project recently launched a block explorer for its test network, allowing users to track its real-time performance. Over 1 million transactions have successfully completed on the test net so far.

Expert tips Solaxy for 100x gains

In a recent YouTube video, RJ from Cryptonews discussed why he believes $SOLX could provide triple-digit returns to investors.

“I’m liking the looks of Solaxy. They’re quickly developing their platform, and they’ve already completed the testing phase for their layer 2 blockchain.”

He added that the project is making rapid developments, which contributes to its promising outlook.

“They’re quickly rolling out their roadmap and making good progress. We could see some good 100x gains here.”

Solaxy has also been covered by several leading crypto media news outlets, including Cointelegraph, CryptoPotato, and 99Bitcoins. It’s rare for an early-stage project to get attention from such high-profile industry players, which further exemplifies its strong market appeal.

Bitcoin is on fire, but traders are flocking to Solana

Although Bitcoin is dragging the rest of the market higher today, Solana has the bragging rights regarding users and on-chain trading volume.

This is because rising prices and market sentiment increase investors’ risk appetite. And when it comes to taking risks – there’s no better chain to do it than Solana.

With competing meme coin launchpads Pump.fun and LaunchLab both generating increasing interest recently, plus readily available perp trading on Jupiter and other DEXes, Solana is the easiest place for traders to dial up their risk exposure.

For that reason, it’s dominating in on-chain metrics right now. Over 81 million people have used the chain in the past month, and it has generated more trading volume than any other network this week at $1.67 billion.

As a result, Solana has outpaced the other top five cryptos with a 6% weekly gain.

But looking ahead, the project’s increased transactional capabilities could make $SOLX the biggest provider of gains.

However, the Solaxy presale price will increase throughout the ICO, so potential investors should not wait to get involved.