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Cryptocurrency News Articles
Solana Ecosystem Sees Explosive Growth To Start 2025, But Network Congestion Threatens Progress
Jan 03, 2025 at 06:28 pm
The cryptocurrency market is seeing a broad-based recovery to start the new year, with the Solana ecosystem leading the charge.
Solana (SOL) price has surged past the $200 mark on Friday, continuing its strong performance in 2025. At press time, SOL trades at $210, up 3% on the day and 25% over the past week.
The altcoin is also seeing a bullish continuation in the meme coin sector, which is up by 7% on Friday. Among the top gainers are Pudy Penguins (+12%), Fartcoin (+10%), and Popcat (+16%).
AI agent coins on Solana are also seeing a bullish continuation in early 2025. Virtuals Protocol (+21%), ai16z (+10%) and Zerebro (+16%) are the top performers, with the latter two also securing Binance Futures listing on Thursday.
Binance Futures will launch the USDⓈ-M $GRIFFAIN, $AI16Z and $ZEREBRO Perpetual Contracts at 🗓️Jan 2 2025, 13:30, 13:45 and 14:00 (UTC) respectively.
Read more ➡️ https://t.co/ZZmJ1F23pB pic.twitter.com/SCeajeBXTL
The recent bull rally has further established Solana as the hotbed for the upcoming meme coin supercycle and the AI bull market, attracting the attention of deep-pocketed investors and retail traders alike.
However, a few experts have raised concerns regarding the blockchain’s network throughput and scalability. Research partner at 1kx Network Wei Dai claims that Solana is repeating Eth's footsteps from 4 years ago. He highlights the increasing transaction fees as the start of “global congestion”, claiming that the Solana chain could see an exodus of apps and users.
Unpopular opinion: Solana is repeating Eth's footsteps 4 yrs ago.
- Increase in fees signals a start to global congestion (fortunately Solana blocks are mostly <80% full rn)
- Global congestion leads to rapid rise in min fees
- Rise in min fees leads to exodus of apps and users
The blockchain faced similar issues during the meme coin bull rally during the first quarter of 2024. Nearly 75% of Solana’s non-vote transactions were experiencing failure at one point.
Solaxy (SOLX) aims to tackle the issue of growing network congestion ahead of the upcoming bull market in the meme coin and AI sectors. It is the first prominent Solana Layer-2 solution.
Is SOLX The Top Crypto Investment In 2025?
Solaxy will use the popular and battle-tested rollup architecture to improve Solana’s network throughput, increase scalability and offer fast and cheap transactions.
It will bundle SOL transactions into batches, process them off-chain and publish the results on the Solana mainnet for settlement. Ethereum Layer-2s like Arbitrum and Optimism use similar technology and whether Solaxy will use zero-knowledge rollups or optimistic rollups will be revealed soon.
Solaxy’s tech promises zero downtime, speed-of-light transaction speeds, fully customizable infrastructure for apps and high scalability for the upcoming meme coin supercycle.
Check out Solaxy’s whitepaper for more details.
With the project’s unique value proposition and cutting-edge technology, it is no surprise that its native token, SOLX, is in high demand during its presale, having already raised nearly $8 million.
With the crypto market showing signs of a broad-based recovery, SOLX’s demand is expected to surge as well.
As such, smart money investors are impressed with Solaxy’s native staking pool, which is offering passive yields at just under 500% per annum.
As per the project’s whitepaper, 25% of the SOLX token supply has been reserved for staking rewards, a sign of the token’s community-centric tokenomics. The remaining tokens will be utilized for the presale, exchange listings, marketing initiatives and Layey-2 development, with no separate allocation for the developer team or any private sale, which reduces the risks of pump-and-dump price action.
As previously stated, prominent crypto influencers are viewing Solaxy as one of the top crypto investments in 2025. Nass Crypto, a popular YouTuber who has over a million subscribers, recently called SOLX a 1000x token in a video which now has over 62k views.
However, the strong demand for the token means its presale stages are selling out quickly, which is pushing up its price while also decreasing the staking yield percentage. Interested buyers, therefore, have a short window to stack the meme coin at its maximum presale discount.
To keep up with project developments, presale milestones, and upcoming listing events, follow Solaxy on X or join its Telegram channel.
Visit Solaxy Pres
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- Ripple (XRP) Transaction Volume Surges to $7 Billion Amid Renewed Market Activity
- Jan 07, 2025 at 12:45 pm
- Ripple (XRP) is gaining attention with a $7 billion transaction volume spike, reflecting renewed investor interest. A bullish flag pattern targeting $3.66 signals potential price momentum, driven by increased adoption in cross-border payments and progress in Ripple’s legal case.
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- WallitIQ (WLTQ) AI Coin Threatens To Overtake Consolidating Ripple (XRP) Price
- Jan 07, 2025 at 12:45 pm
- The XRP price's movements often captivate market enthusiasts, particularly as Ripple (XRP) solidifies its position in the evolving financial ecosystem. However, a new AI coin, WallitIQ (WLTQ), is gaining unmatched momentum.