Solaxy ($SOLX): Solana's First Layer-2 Solution Records $17.6M in Presale as Meme Coin Mania Pushes Network to Its Limits

Investor enthusiasm for Solana-based projects remains high as meme coin launchpad Pump.fun records a record-breaking $3.3 billion in trading volume.

Solana (SOL) is experiencing a surge in market activity, with its leading meme coin platform, Pump.fun, hitting an unprecedented $3.3 billion in weekly trading volume. This spike is largely fueled by a wave of Trump-themed tokens following the unexpected launch of official meme coins by the newly elected U.S. president.

However, the influx of new tokens is once again exposing Solana’s ongoing congestion issues, with network slowdowns and increased transaction fees frustrating traders. As a result, attention is quickly shifting toward Solaxy ($SOLX), a Layer-2 scaling solution designed to improve the network's performance by offloading transactions from Solana's Layer-1 chain.

Solaxy's presale has gained significant momentum, reaching $17.6 million in funding in just over a month. Investors are rapidly acquiring $SOLX tokens, which are currently priced at $0.001624 but are set to increase in value in less than 48 hours as the presale moves into its next phase.

Solana's Network Faces Challenges as Meme Coin Mania Pushes Limits

The surge in trading volume on Pump.fun is largely driven by an explosion of Trump-related tokens, with over 6,800 cryptocurrencies featuring the former president's name being created around the launch of the official Trump ($TRUMP) and Melania ($MELANIA) tokens.

Security reports indicate that many of these new tokens were scams designed to capitalize on the popularity of Trump’s meme coins, deceiving traders into investing in fraudulent projects.

However, the frenzy has resulted in massive trading activity on Solana, generating an estimated $25 million in transaction fees for network validators.

Yet, despite the increased revenue, the Solana blockchain has struggled to maintain its usual efficiency. Transaction congestion has led to delays and higher fees as traders rush to get their transactions processed quickly.

Solaxy presents a much-needed solution to these recurring network issues. By operating as Solana’s first Layer-2 scaling solution, it is designed to process transactions off the main blockchain, reducing congestion and improving overall transaction efficiency.

Why Solaxy Is Essential for Solana's Long-Term Growth

Solana has gained widespread popularity due to its low transaction costs and high speed, making it a prime destination for meme coin launches. However, its persistent congestion issues have prevented it from achieving the same level of adoption as Ethereum ($ETH) in the decentralized finance (DeFi) space.

Ethereum continues to dominate DeFi, with its total value locked (TVL) remaining six times higher than Solana’s. Analysts predict that unless Solana finds a way to address its congestion problem, it will struggle to compete with Ethereum’s ecosystem. This is where Solaxy comes in.

As a Layer-2 network, Solaxy significantly enhances Solana's scalability by bundling transactions and processing them off-chain before settling them back onto the mainnet. This approach reduces transaction failures and makes Solana more efficient for users and developers alike.

With its ability to streamline transaction processing, Solaxy has been compared to DeepSeek in the AI industry—a project that disrupted the space by offering superior efficiency at a fraction of the cost of traditional solutions.

If Solaxy can replicate a similar impact within the blockchain space, it could be instrumental in propelling Solana toward new highs.

Can $SOLX Replicate Solana's Early Gains?

Many investors view $SOLX as an opportunity to capture the same kind of exponential growth that Solana itself experienced in previous years.

When Solana ($SOL) was trading at just $0.50 five years ago, few could have predicted that it would reach today’s price of $228—a staggering 45,500% increase.

A $1,000 investment in Solana back then would now be worth $456,000.

While past performance does not guarantee future results, many traders see Solaxy as a way to invest in a promising Layer-2 solution before it potentially follows a similar trajectory.

Solaxy's innovative approach to solving Solana's congestion issues gives it a unique value proposition, and its presale presents an opportunity to acquire $SOLX tokens before they hit major exchanges.

For those who missed out on Solana's early rise, this could be a second chance to invest in a game-changing blockchain project before mainstream adoption.

Solana's explosive growth has positioned it as a major contender in the blockchain space, but its congestion issues remain a significant roadblock. With Pump.fun surpassing $3.3 billion in weekly trading volume, the need for scalable solutions has never been greater.

Solaxy provides a viable answer to this challenge, offering a Layer-2 network that enhances Solana's efficiency and long-term sustainability. With $17.6 million already raised in its presale, Solaxy is proving that investors recognize the value of a Solana scaling solution.

If adoption continues at this