{"id":620423,"date":"2025-01-22T11:58:08","date_gmt":"2025-01-22T11:58:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=620423"},"modified":"2025-01-22T11:58:08","modified_gmt":"2025-01-22T11:58:08","slug":"solana-based-tokens-surge-triggers-congestion-issues-driving-solaxy-layer-2-ico-to-13-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-based-tokens-surge-triggers-congestion-issues-driving-solaxy-layer-2-ico-to-13-million","title":{"rendered":"Solana-Based Tokens Surge Triggers Congestion Issues, Driving Solaxy Layer 2 ICO to $13 Million"},"content":{"rendered":"<p>The Solaxy (SOLX) token continues to gain momentum, with its presale raising over $13 million&mdash;a sharp rise from $12.9 million the previous day.<\/p>\n<p>The project attracted nearly half a million dollars in just 24 hours, drawing the attention of crypto enthusiasts.<\/p>\n<p>Many recognize the opportunity: as Solana&rsquo;s network faces congestion, Solaxy&rsquo;s Layer 2 blockchain solution offers a much-needed breakthrough.<\/p>\n<p><iframe title=\"THE SOLUTION TO SOLANA CONGESTION HAS BEEN FOUND! SOL LAYER 2 IS HERE!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/zYK69jvepD4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Solaxy: A solution for Solana&rsquo;s congestion issues<\/h2>\n<p>The Solana network faced challenges over the weekend as trading for TRUMP and MELANIA tokens surged. The massive trading volume pushed the blockchain to its limits, causing delayed transactions and system timeouts that left users frustrated.<\/p>\n<p>Some traders waited up to 30 minutes for their transactions to process, while Phantom Wallet struggled to handle 8 million requests per minute. Although Solana has dealt with congestion issues before, this weekend&rsquo;s intense activity highlighted the need for better solutions.<\/p>\n<p>Despite the chaos, Solana&rsquo;s SOL token surged, reaching $295 on Sunday. However, the situation sparked conversations about the need for improved scalability to handle future trading spikes.<\/p>\n<p>This is where Solaxy steps in. As Solana&rsquo;s first Layer-2 scaling solution, Solaxy handles transactions off-chain before bundling them back to the main network. This method reduces congestion and keeps fees low, offering exactly what traders needed during the meme coin trading frenzy.<\/p>\n<p>Solaxy&rsquo;s popularity is also growing quickly. The project now has nearly 65,000 followers on Twitter and Telegram, where the community discusses updates and the potential of the $SOLX token. The timing couldn&rsquo;t be better, as the recent congestion showcased why Solana needs a Layer-2 solution. Solaxy is ready to fill that gap.<\/p>\n<p>With its meme-themed branding, Solaxy appeals to the same audience that fueled the weekend&rsquo;s trading surge, giving it additional momentum ahead of its official launch. If the development team delivers on its promises and community excitement remains high, Solaxy could transform the Solana blockchain.<\/p>\n<h2>Solaxy presale hits $13 million &ndash; Next Layer 2 meme coin to explode?<\/h2>\n<p>Solaxy is gaining strong support from the crypto community. The project&rsquo;s presale, which started in December, continues to break milestones, raising over $13 million so far.<\/p>\n<p>Initially launched on Ethereum, Solaxy is now accessible to Solana users, connecting two of the largest DeFi ecosystems. Both Ethereum and Solana users can buy $SOLX tokens at $0.00161 each for the next 29 hours before the price increases as the presale moves to its next phase.<\/p>\n<p>To join the presale, users can visit the Solaxy website and connect their wallets, such as Best Wallet. Best Wallet, a leading next-gen crypto wallet, features Solaxy in its &ldquo;Upcoming Tokens&rdquo; list.<\/p>\n<p>It also allows users to purchase $SOLX directly through its app, which is available on Google Play and the Apple App Store. For more information, investors can check out our guide on&nbsp;<a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/how-to-buy-solaxy\">purchasing Solaxy tokens<\/a>&nbsp;here.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-620428 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy-presale-raises-13-million.jpg\" alt=\"Solaxy Presale Raises $13 Million\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy-presale-raises-13-million.jpg 1080w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy-presale-raises-13-million-300x300.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy-presale-raises-13-million-1024x1024.jpg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy-presale-raises-13-million-768x768.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy-presale-raises-13-million-64x64.jpg 64w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy-presale-raises-13-million-86x86.jpg 86w\" sizes=\"(max-width: 1080px) 100vw, 1080px\"><\/p>\n<p style=\"text-align: center\"><em>Source &ndash;&nbsp;<a href=\"https:\/\/x.com\/SOLAXYTOKEN\">Solaxy Twitter<\/a><\/em><\/p>\n<p>While reducing congestion remains Solaxy&rsquo;s top priority, its ecosystem offers more than just scaling. The platform includes a bridge to the Ethereum blockchain, a staking app, and balanced tokenomics designed to create a sustainable Layer-2 network.<\/p>\n<p>The Ethereum bridge is a standout feature, letting users access Ethereum&rsquo;s liquidity pools while benefiting from Solana&rsquo;s speed. This bridge enables seamless asset transfers between the two blockchains, opening opportunities for arbitrage and yield farming.<\/p>\n<p>Solaxy also includes a built-in staking app. $SOLX holders can stake their tokens to earn rewards, with annual rates currently estimated at 287%. Although the rate will decrease as more tokens are staked, it provides early supporters with a strong incentive to secure their positions.<\/p>\n<p>Many experts believe Solaxy has huge potential, with some predicting that the $SOLX token could see significant growth once it reaches exchanges. If you want to see what the future holds for Solaxy, you can check our&nbsp;<a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/solaxy-price-prediction\">$SOLX price prediction<\/a>&nbsp;guide.<\/p>\n<p>To take part in the $SOLX token presale visit&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">solaxy.io.<\/a><\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/is-solaxy-the-next-10x-crypto-as-its-layer-2-ico-nears-13-million\">Is Solaxy the Next 10x Crypto as Its Layer 2 ICO Nears $13 Million?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/official-trump-coins-415-65x-surge-causes-solana-congestion-as-bulls-pivot-to-12-4m-solaxy-its-first-layer-2-ico\">Official Trump Coins 415.65x Surge Causes Solana Congestion As Bulls Pivot To $12.4M Solaxy, Its First Layer-2 ICO<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/analyst-predicts-this-layer-2-crypto-could-be-the-next-top-gainer-solaxy-solx\">Analyst Predicts This Layer 2 Crypto Could Be The Next Top Gainer &ndash; Solaxy (SOLX)<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - Wall Street Pepe<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Audited By Coinsult<\/li>\n                                                                                                    <li>Early Access Presale Round<\/li>\n                                                                                                    <li>Private Trading Alpha For $WEPE Army<\/li>\n                                                                                                    <li>Staking Pool - High Dynamic APY<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\">\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 text-center\">\n                                        <div class=\"inContentProviderSingle--button\">\n                                                                                        <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetpepe\" title=\"Start Trading\" rel=\"nofollow\">Learn More<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderSingle--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Solaxy (SOLX) token continues to gain momentum, with its presale raising over $13 million&mdash;a sharp rise from $12.9 million the previous day. The project <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1921,"featured_media":620427,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-620423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Token Surge Causes Congestion, Boosting Solaxy Layer 2 ICO to $13M<\/title>\n<meta name=\"description\" content=\"The Solaxy presale soars past $13 million, attracting nearly $500K in just 24 hours. With Solana&#039;s network congestion, Solaxy&#039;s Layer 2 solution offers a promising breakthrough.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana-Based Tokens Surge Triggers Congestion Issues, Driving Solaxy Layer 2 ICO to $13 Million\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-22T11:58:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/is-solaxy-the-next-100x-layer-2-crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alvin Hemedez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alvin Hemedez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423\"},\"author\":{\"name\":\"Alvin Hemedez\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/8e1628fe4ccc3a9cc2a84ed8e4b02a39\"},\"headline\":\"Solana-Based Tokens Surge Triggers Congestion Issues, Driving Solaxy Layer 2 ICO to $13 Million\",\"datePublished\":\"2025-01-22T11:58:08+00:00\",\"dateModified\":\"2025-01-22T11:58:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423\"},\"wordCount\":700,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/is-solaxy-the-next-100x-layer-2-crypto.jpg\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423\",\"name\":\"Solana Token Surge Causes Congestion, Boosting Solaxy Layer 2 ICO to $13M\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/is-solaxy-the-next-100x-layer-2-crypto.jpg\",\"datePublished\":\"2025-01-22T11:58:08+00:00\",\"dateModified\":\"2025-01-22T11:58:08+00:00\",\"description\":\"The Solaxy presale soars past $13 million, attracting nearly $500K in just 24 hours. With Solana's network congestion, Solaxy's Layer 2 solution offers a promising breakthrough.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/620423#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/is-solaxy-the-next-100x-layer-2-crypto.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/is-solaxy-the-next-100x-layer-2-crypto.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Solana Tokens Surge Triggers Congestion Issues, Driving Solaxy Layer 2 ICO to $13 Million\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/8e1628fe4ccc3a9cc2a84ed8e4b02a39\",\"name\":\"Alvin Hemedez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/avatar_user_1921_1697717356-96x96.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/avatar_user_1921_1697717356-96x96.png\",\"caption\":\"Alvin Hemedez\"},\"description\":\"Alvin is an Industrial Engineering graduate based in Calabarzon, Philippines. 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After university he took up a role as an e-commerce analyst for a leading e-commerce platform in the Philippines, Shopee PH. A long-time crypto enthusiast and trader interested in researching the best investments in the crypto space, he is also a freelance writer here at InsideBitcoins eager to share his knowledge with our readers. 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