{"id":622887,"date":"2025-01-30T16:33:14","date_gmt":"2025-01-30T16:33:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=622887"},"modified":"2025-01-30T16:33:14","modified_gmt":"2025-01-30T16:33:14","slug":"solanas-pump-fun-surpasses-3-3b-in-trading-volume-as-first-layer-2-solaxy-soars-past-16-3m-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solanas-pump-fun-surpasses-3-3b-in-trading-volume-as-first-layer-2-solaxy-soars-past-16-3m-in-presale","title":{"rendered":"Solana\u2019s Pump.fun Surpasses $3.3B In Trading Volume As First Layer-2 Solaxy Soars Past $16.3M In Presale"},"content":{"rendered":"

Solaxy ($SOLX)<\/a>, the first Solana Layer-2-based solution, has raised over $16.3 million in its presale, highlighting strong investor demand<\/p>\r\n\r\n\r\n\r\n

This achievement comes amid a surge in activity on Solana’s meme coin launchpad, Pump.fun, which recorded a staggering $3.3 billion weekly trading volume. <\/p>\r\n\r\n\r\n\r\n

Much of this surge was driven by a wave of Trump-themed meme coins following the surprise launches from the new U.S. president, which led to network congestion on the Solana blockchain.<\/p>\r\n\r\n\r\n\r\n

Investors are increasingly turning to Solaxy as a promising solution to these ongoing issues. By processing transactions off the main Layer-1 chain, Solaxy aims to alleviate congestion, lower transaction fees, and expedite processing times – critical improvements for the network’s scalability.<\/p>\r\n\r\n\r\n\r\n

The Solana community has welcomed this solution, fueling the rapid acquisition of $SOLX tokens since the presale’s launch just over a month ago. Currently, the price per $SOLX token<\/a> is $0.00162, but this will increase in the next 41 hours as the presale moves on to the next stage of funding.<\/p>\r\n

Solana Challenges Persist<\/h2>\r\n\r\n\r\n\r\n\r\n\r\n

Pump.fun’s weekly trading volume spiked due to a surge of Trump-inspired token launches. Reports indicate between 6,800 new cryptocurrencies featuring “Trump”-related names around the launch of Trump’s official token.<\/p>\r\n\r\n\r\n\r\n

\"\"Those behind these tokens largely had malicious intent, aiming to capitalize on the momentum generated by Official Trump ($TRUMP) and Official Melania ($MELANIA), while deceiving investors into thinking they were purchasing the actual meme coins associated with President Trump.<\/figure>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n

Indeed, the crypto versions of the POTUS and First Lady drove significant activity across Solana, which enabled validators to collect $25 million in transaction fees.<\/p>\r\n\r\n\r\n\r\n

However, the intense trading led to network congestion, slowing down the chain that is typically known for its fast transaction speeds and lower costs. This congestion likely contributed to many of the fees from users trying to expedite their transactions.<\/p>\r\n\r\n\r\n\r\n

This issue could have been avoided if transactions weren’t all handled on the main chain, which is precisely the problem Solaxy aims to solve. By processing transactions off the main Layer-1 chain, Solaxy<\/a> ensures that Solana is better equipped to handle such spikes in activity in the future.<\/p>\r\n

Solaxy Can Fix Issues That Have Limited Solana Growth Potential<\/h2>\r\n\r\n\r\n\r\n\r\n\r\n

While Solana has been the preferred choice for launching meme coins due to its faster speeds and low costs, making it ideal for trading, network congestion issues have prevented it from being fully embraced as a replacement for Ethereum ($ETH). <\/p>\r\n\r\n\r\n\r\n

This is why, in the realm of DeFi, Ethereum remains dominant, with its total value locked (TVL) outpacing Solana’s by a factor of six.<\/p>\r\n\r\n\r\n\r\n

\"\"<\/figure>\r\n\r\n\r\n\r\n\r\n\r\n

As some traders predict, Solaxy<\/a> presents the only solution that could help Solana reach $400 by February<\/a> by addressing a fundamental issue hindering the chain’s growth.<\/p>\r\n\r\n\r\n\r\n

As Solana’s first Layer-2 solution, Solaxy alleviates congestion by processing transactions off the main chain, reducing the frequency of failed transactions, and improving overall network reliability.<\/p>\r\n\r\n\r\n\r\n

Additionally, Solaxy is designed to process transactions more quickly and efficiently, easing the load on Solana and doing so more efficiently. This is why it has been dubbed the “DeepSeek of blockchain.”<\/span><\/a><\/p>\r\n\r\n\r\n\r\n

Exploring The Potential Of $SOLX Token<\/h2>\r\n\r\n\r\n\r\n

The $SOLX token<\/a> has the potential for astronomical growth, and many investors view it as an opportunity to gain exposure to what they call the next Solana.<\/p>\r\n\r\n\r\n\r\n

When $SOL traded at $0.50 five years ago and now sits at $228, that’s a 45,500% return. A $1,000 investment back then would have turned into $456,000 today.<\/p>\r\n\r\n\r\n\r\n

\"\"Of course, realizing such returns hinges on getting in at a low price, and that’s the chance that the $SOLX presale offers – an opportunity to invest early, particularly for those who missed the opportunity to invest in Solana at its inception.<\/figure>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n

Passing up the chance to invest in the only solution currently capable of positioning Solana as a bona fide Ethereum killer would be akin to missing out all over again.<\/p>\r\n

$16 Million Funding Milestone Achieved – Here’s How To Join The Next  Stage<\/h2>\r\n

To participate in Solaxy’s presale and secure $SOLX tokens, visit the Solaxy website<\/a> and connect your wallet, such as Best Wallet.<\/a><\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n

With its multichain compatibility, Best Wallet is an ideal choice for $SOLX, as the token is available on both Ethereum and Solana networks.<\/p>\r\n\r\n\r\n\r\n

For Best Wallet users, purchasing $SOLX is seamless and can be done directly within the app.<\/p>\r\n\r\n\r\n\r\n

Join the conversation on Solaxy’s community channels on X<\/a> and Telegram<\/a>.<\/p>\r\n\r\n\r\n\r\n

Visit Solaxy’s website for more information.<\/a><\/p>\r\n

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