New Solana Layer-2 scaling solution Solaxy ($SOLX) is making headlines throughout the crypto market after raising more than $26 million in its ongoing crypto presale.
The massive enthusiasm among investors and analysts around this new Layer-2 begs the question: could it ultimately supplant the Solana blockchain as the next hub for meme coin trading and development?
That might seem far-fetched at first given that Solana is the 3rd-largest smart contract blockchain with a value of $67 billion. But Ethereum Layer-2 networks have racked up nearly $50 billion in total value locked, and Solaxy will be the only Layer-2 scaling solution available on Solana when it launches.
Plus, analysts are weighing in with predictions that Solaxy could be big. Jacob Crypto Bury predicted the $SOLX token could 10x after it hits exchanges, and developers could flock to the new Layer-2 instead of the Solana mainnet once they see what Solaxy can do.
