The fallout from the LIBRA scandal has left Solana reeling, with SOL struggling to recover. But with congestion issues still a problem, Solaxy ($SOLX) has emerged as a potential game-changer. With over $22.7 million raised in its presale, could Solaxy be the solution Solana needs to rebuild trust and efficiency?
The crypto market was sent into chaos on February 14 when a new meme coin, LIBRA, skyrocketed to a multi-billion-dollar valuation before collapsing in hours.
What made this crash even more dramatic was that Argentina’s President, Javier Milei, had publicly endorsed the coin before quickly deleting his post.
The impact was devastating. Retail investors were left holding worthless tokens while insiders pocketed over $251 million. Solana, which hosted the token’s launch, saw its price plummet from $205 to $161 within four days, a staggering 21% drop.
The scandal exposed cracks in Solana’s decentralized finance (DeFi) ecosystem, particularly in liquidity management and market manipulation. Key platforms like Meteora and Jupiter are now facing scrutiny over their role in facilitating LIBRA’s wild rise and subsequent collapse.
As frustration builds, traders are questioning whether Solana can truly be trusted as a launchpad for meme coins and DeFi projects. Meanwhile, some investors are shifting their attention to a new solution—Solaxy.
Solaxy Could Be the Key to Solana’s Recovery
Solana’s rapid growth has come with a price—network congestion and failed transactions have become all too common. This is where Solaxy ($SOLX) steps in.
Solaxy acts as a Layer-2 scaling solution for Solana, designed to ease congestion, reduce fees, and speed up transactions. By handling processing off-chain and bundling transactions before settling them on Solana, Solaxy can drastically improve the network’s efficiency.
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This model mirrors Ethereum’s successful Layer-2 solutions like Arbitrum and Optimism, which have transformed how transactions are handled on Ethereum. Solaxy is now bringing that same concept to Solana, addressing one of its biggest weaknesses.
With Solana under fire for its role in the LIBRA collapse, Solaxy offers a fresh alternative—one focused on improving the network’s functionality rather than launching speculative meme coins.
Solaxy’s $22M Presale Signals Investor Confidence
Despite the turbulence in the Solana ecosystem, investors are still betting big on innovation. Solaxy’s presale has already raised over $22.7 million, showing strong confidence in its potential.
The current presale price for SOLX stands at $0.001642, with the next price increase just days away. This momentum suggests that traders see Solaxy as a much-needed solution for Solana’s scalability issues.
Adding to the excitement, Solaxy has secured a partnership with Best Wallet, a leading multichain crypto wallet. This collaboration enables users to easily purchase SOLX within the app while also integrating staking rewards and cross-chain compatibility.
Can Solaxy Ride the Next Bull Market?
With the LIBRA debacle shaking confidence in Solana, the broader crypto market is looking for stability. And with Bitcoin still holding strong above $96,000, many believe the next leg of the bull run is just around the corner.
Historically, Bitcoin’s price surges have led to capital flowing into altcoins, with Layer-1 and Layer-2 solutions benefiting the most. If Solana can regain investor trust, Solaxy could be a major winner by providing the infrastructure needed for the network to function more efficiently.
Additionally, rumours of a spot SOL ETF gaining approval in the U.S. are fueling optimism. If this happens, demand for Solana’s ecosystem will likely surge—meaning Solaxy’s role in improving transaction efficiency could become even more critical.
Analysts are already eyeing a potential 100x surge for SOLX, given its positioning as Solana’s first real Layer-2 solution. With the crypto market gearing up for its next major cycle, projects solving real problems—like Solaxy—could see explosive growth.
Why Solaxy Stands Out in a Crowded Market
Unlike traditional meme coins or speculative tokens, Solaxy is building an essential infrastructure solution. Key features of the project include:
– Off-chain transaction processing – Reduces congestion on Solana’s mainnet
– Ethereum bridge – Enables seamless asset transfers between Solana and Ethereum
– Governance utility – SOLX holders will have voting power on network upgrades
– Staking rewards – Early adopters can earn up to 179% APY through staking
This utility-driven approach is what makes Solaxy different from the projects caught up in the LIBRA fiasco. Instead of quick gains and pump-and-dump schemes, Solaxy offers long-term value through real scalability improvements.
For those looking to invest in the next big Layer-2 project, Solaxy presents a compelling opportunity.
Will Solaxy Be Solana’s Saving Grace?
Solana is no stranger to controversy, and the LIBRA scandal has added another layer of uncertainty. However, real solutions, not speculation, will determine Solana’s future—and Solaxy is emerging as a project that could help rebuild trust.
With $22 million already raised and a clear roadmap for improving Solana’s transaction speeds and costs, Solaxy has positioned itself as one of the most promising blockchain projects in 2025.
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As the crypto market looks ahead, Solaxy’s role in supporting a more efficient, scalable Solana could make it one of the best altcoins to buy now.
For those who missed out on Ethereum’s Layer-2 boom, Solaxy presents another chance to invest early in a project with massive upside potential.
