Tens, if not hundreds, of other meme coins also provided significant gains. And after taking a breather the last month, it seems the Solana meme coin space is about to explode again.

But this time, it might not be the Solana layer 1 where most transactions take place.

It could be Solaxy ($SOLX), Solana’s first layer 2 blockchain. Solaxy provides cheaper, faster, and more reliable transactional throughput than Solana, which is ideal for meme coin trading.

Did Trump just wage another Solana meme coin season?

While the crypto world was hoping President-elect Donald Trump would pull through on the plans for a U.S. strategic Bitcoin reserve, he was thinking bigger.

The soon-to-be president of the has just laid out an idea for a prospective strategic altcoin resrve, comprising cryptocurrencies that were founded in the US.

Solana was one of the specifically mentioned names in a report published by New York Post.

The Solana price reacted positivley, up 4.69% today. However, quick-footed traders soon turned their sights to Solana’s main use case: meme coins.

Dogwifhat is matching Solana’s growth today with a 4.7% increase. This was at highs of a 7% gain not long after the news broke.

great for hats

— dogwifcoin (@dogwifcoin) January 16, 2025

There’s no doubt that plans of an America-first altcoin reserve will also rekindle conversations about ETFs for Solana and the other cryptos mentioned.

This is exactly the growth catalyst which the Solana ecosystem needed for 2025, after an illustrious performance in 2024.

Thanks to its low fees and high speeds, Solana experienced rampant adoption in 2024, causing early meme coins such as Dogwifhat and Bonk to explode to multi-billion dollar valuations.

Its transactional capabilities alss paved the way for meme coin factoy Pump.fun, which allowed anyone to launch a meme coin in two clicks and has generated over $400 million in total revenue.

But now, these transactional capabilities will be enhanced by Solana’s first layer 2 blockchain Solaxy – just in time for the Solana bull run.

Solaxy brings unparalleled scalability and reliability to Solana

Although Solana is highly scalable, capable of 6,500 transactions per second, it still faces congestion issues in times of peak activity. This leads to higher transaction fees, longer wait times, and more failed transactions.

Solaxy is a layer 2 blockchain which rolls transactions into bundles, providing improved throughput compared to Solana. The aim is to enable Solana to operate seamlessly, even in times of peak activity.

Moreover, the lower fees and increased speed are more user friendly and perfect for meme coin trading. While Solana’s fees are nowhere near as high as Ethereum’s, they can still easily eat into profits when trading at a high enough volume.

With Solaxy, meme coin traders will be able to transact as often as they like, and they don’t need to worry about long wait times or failed transactions.

As such, Solaxy is expected to dominate this year, with prominent trader ClayBro recently saying it “could become the most demand ‘meme coin’ of 2025.”

$SOLX presale is ongoing, but devs are already making big moves

Solaxy is currently undergoing a token presale, but the project’s devs are working hard to ship early and maximize impact amidst the crypto bull market.

The $SOLX presale has raised $10.5 million so far, showing considerable demand among investors.

Solaxy’s devs posted an update just under two weeks ago, revealing that “a robust and reliable state transition function has been successfully developed.” They also announced they have implemented a deterministic sequencer.

The update says that the next component to be complete will be the SP1 zero-knowledge virtual machine.

With Solana once again taking center-stage, the innovative efforts of Solaxy could be exactly what the ecosystem needs. And with the token presale ongoing, investors have a rare opportunity to buy this potentially game-changing piece of Solana infrastructure from the beginning.

Follow Solaxy on X or join its Telegram for the latest news and updates. Alternatively, visit its website to buy and stake tokens.

Visit Solaxy Presale

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