Solaxy ($SOLX) Climbs 9.3% as the Broader Crypto Market Rebounds

Solana ($SOL) climbed 9.3% in the past 24 hours as the broader crypto market found relief following reports that US President Donald Trump may implement more targeted and less

Solana (SOL) price rose 9.3% in the past 24 hours as the broader crypto market found some relief following reports that U.S. President Donald Trump may implement more targeted and less severe tariffs than initially expected.

While the broader crypto market is closely monitoring the developments in the trade war, investors are also focused on the presale of Solaxy (SOLX), Solana’s first Layer-2 chain, which has now raised $27.69 million as of Monday.

Early investors appear to be reaping the benefits of the broader optimism, even though Solana founder Anatoly Yakovenko maintains that, unlike Ethereum, Solana doesn’t require Layer-2 solutions.

But with nearly $28 million in presale funding and investors bullish on new narrative for Solana. Solaxy is designed to address Solana’s ongoing congestion challenges and key growth areas like decentralized finance (DeFi) and gaming.

SOLX is currently available for $0.001674 in the 63rd funding stage, with the price set to increase within the next 48 hours. Buyers can also claim the 147% staking yield on Best Wallet for 12 months. The yield is determined dynamically depending on the amount deposited into the staking smart contract.

Annually, the staking yield ranges from 60% to 160%, while the dynamic rate ranges from 0.3% to 2.6%.

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Those who prefer lower staking periods can opt for six months, which comes with a 70% APY, or three months, rendering a 35% APY.

Moreover, investors who purchase at least 1 million SOLX tokens will be eligible for an additional 10% bonus.

Investors are also keeping an eye on some key economic reports due Thursday and Friday. These include the U.S. Core PCE Price Index, a primary measure of inflation at the consumer level, and the U.S. Personal Income and Personal Spending reports.

These data points could have indirect implications for crypto prices, especially if they factor into the Federal Reserve’s monetary policy decisions.

If the reports indicate signs of economic instability or weakening consumer confidence, it may prompt the Fed to pivot toward more accommodative monetary policies. This, in turn, could lead to an expansion of the U.S. money supply and potentially contribute to further increases in crypto prices, particularly Solana (SOL).

Earlier this month, investment firm VanEck predicted that SOL could reach $520 by year-end, citing expected U.S. M2 growth as a key factor.

While SOL at $143 may seem far from that target, its previous all-time high of $293, which it reached in January, suggests that VanEck’s prediction is not entirely out of the realm of possibility.

This rally was partly driven by the hype surrounding Official Trump (TRUMP) and Official Melania (MELANIA) tokens, which, in turn, spurred an influx of demand and exacerbated the congestion issues on the Solana network.

Enter Solaxy, Solana’s first Layer-2 solution, which is prepared to mitigate these congestion problems and support Solana’s specialized use cases.

Yakovonko recently took a jab at Ethereum’s Layer-2s, highlighting that they rely on Layer-1 for data availability, which is a slower process.

He stated that Solana doesn’t need Layer-2s because its Layer-1 solutions are already faster, cheaper, and more secure, rendering additional scaling layers unnecessary in Solana’s case.

Despite Solana’s high throughput and low transaction costs due to its core design, network congestion remains an issue that can affect Solana’s reliability compared to some other blockchains.

However, Solaxy is designed to offer significantly faster throughput of 60,000 transactions per second (TPS) and even lower transaction costs.

Anatoly Yakovenko (L) and Ben Armstrong (R)

Moreover, while Solana’s throughput is about 500 to 1,000 transactions per second, and its transaction cost is $0.002, Solaxy boasts 30,000 to 50,000 TPS and transaction costs as low as $0.0001.

This means that Solaxy can process transactions six times faster and at 20 times lower cost than Solana.

This is how Solaxy will decongest Solana by processing transactions off-chain and support hyper-performance use cases.

For instance, Solaxy could be a solution for the high-frequency trading sector, which could have greatly benefited from the recent surge in meme coins like TRUMP and MELANIA.

These tokens experienced rapid price rallies and massive trading volumes on platforms like Uniswap