The post Solana TVL Skyrockets Back Up Past $10B – Is Solaxy the Next Presale to Boom in 2025? appeared on BitcoinEthereumNews.com.

After the $TRUMP and $MELANIA coins launched on the Solana blockchain this weekend, SOL is up 45.57 %, surpassing $10B TVL (Total Value Locked) for the first time since the FTX collapse two years ago. However, this success has not come without its challenges. As Solana struggles to deal with the congestion caused by an unprecedented (no pun intended) surge in transactions, this Solana Layer-2 solution, Solaxy ($SOLX), couldn’t come up at a better time.  On 19 January, the $SOL price soared to a new all-time high above $290 and a market cap above $128B in direct relationship to the mania around the Trump-family meme coins. Can $TRUMP & $MELANIA Get Along? First came $TRUMP after incoming US president Trump announced his official meme coin on X late on Friday, 17 January. The $TRUMP meme coin attracted massive trading volumes of some $3B over the weekend, reaching its peak at $6B in market cap and $30B in fully diluted value within 24 hours. Trump’s coin went on to become the third-largest cryptocurrency across all blockchains in terms of market capitalization by Sunday, before suddenly falling back, just as the MELANIA coin launched and started gaining traction. A Tough Act to Follow Like her husband’s coin before her, $MELANIA shot the lights out, surging over 21,000% and reaching $12B in less than three hours from launch on Sunday, 19 January. Indeed, the two Trump family meme coins sent traffic on Solana ($SOL) through the roof over the weekend. While this helped $SOL generate over $35 million in fees and at least $14 million in revenue, the pre-inauguration surge also led to some of Solana’s ecosystem applications, like Jito and Phantom reporting technical difficulties and delays. As the pressure on Solana’s blockchain mounts, a project like Solaxy ($SOLX) is in a great position…

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Filed under: News - @ January 20, 2025 12:18 pm