Solaxy Aims to Mirror Solana’s Meteoric Rise with Upcoming Layer-2 Launch

As Solana (SOL) continues to dominate headlines with its staggering 2,000% surge between mid-2023 and early 2025, a new contender, Solaxy (SOLX), emerges with ambitions to replicate this success. Backed by a $30 million war chest, Solaxy is poised to launch a Layer-2 solution designed to amplify the Solana ecosystem’s scalability and utility. Analysts speculate that SOLX could mirror SOL’s legendary ascent from $14 to $300, positioning itself as a dark horse in the next bull cycle. With Solana’s market cap still expanding, the crypto community watches closely to see if history will repeat itself.

Solaxy Aims to Replicate Solana’s 2000% Rise with Layer-2 Release

Solana’s incredible 2,000% rise between June 2023 and January 2025 has drawn comparisons to a new project, Solaxy (SOLX). After raising over $30 million, Solaxy is preparing to launch a Layer-2 network that could boost the Solana ecosystem. Some analysts believe SOLX could be a key player heading into the next bull run, similar to Solana’s climb from $14 to nearly $300 in just over a year and a half. While Solana’s market cap has pulled back, it remains in high demand, and many anticipate further growth. Solaxy’s Layer-2 network aims to enhance the Solana ecosystem, positioning it well for future success.

Solana Surges 4.5% as Canada Launches First Spot ETFs

Global economic tensions and trade policy uncertainties are creating volatility in the crypto market. Solana (SOL) token’s price ROSE more than 4% on Thursday, outperforming the broader market gauge, CoinDesk 20, which rose about 3%. According to CoinDesk Research’s technical analysis model, the $125-$127 range for SOL has emerged as a critical support zone, while the $133.50-$133.60 area represents significant resistance. Blockchain data shows over 32 million SOL (more than 5% of the total supply) accumulated at the $129.79 level, establishing it as a crucial pivot point for future price action.

Solana Hits Highest Price This Month Amid Coinbase Upgrades, Canadian ETF Launches

The price of Solana (SOL) rose to its highest price so far in April on Thursday, outpacing other top coins following the launch of multiple Solana ETFs in Canada with staking capabilities, along with long-awaited Solana infrastructure upgrades at centralized exchange Coinbase. Solana is currently trading for nearly $136, reaching that level for the first time since March 28. SOL is up 6% on the day and nearly 23% over the last week, making it one of the biggest gainers in the top 100 coins.

Coinbase Upgrades Solana Infrastructure to Address Outage Issues

Coinbase has performed significant upgrades to its Solana infrastructure in response to user complaints about slow transactions and outages. The improvements include asynchronous transaction processing, leading to a 5x improvement in block processing throughput, and leveraging bare metal machines. These upgrades were implemented for Solana (SOL) transfers on both the Coinbase centralized exchange and the Coinbase Wallet.