Solaxy’s ($SOLX) token presale has surpassed $25 million in total funding, even as Solana ($SOL) fell back to $137 in the early week, although the fifth-most-valuable blockchain has picked up 5.36% today, trading at $146.
After surging 27% on Monday following U.S. President Donald Trump’s surprise crypto reserve announcement on Truth Social, Solana had erased nearly half of its gains, dropping 14% on Tuesday, but has now bounced off those near-term lows.
Solana emerged as a preferred meme coin launchpad in 2024 and has remained competitive with Ethereum in DeFi. However, with its recent plunge, does it still have a strong case to catch up to Ethereum in value this year?
Some AI chatbots suggest it does, while the majority still point to Ethereum maintaining its dominance in 2024. However, these models may not have factored in the impact of Solaxy’s first Layer-2 chain on the Solana network.
Solaxy aims to address key challenges facing Solana, potentially bringing it closer to competing with Ethereum.
Currently, $SOLX is valued at $0.001654, but its price is set to increase as the presale moves to the next funding stage in less than 5 hours.
AI Chatbots Predict that Solana Won’t Surpass Ethereum this Year, but Trump’s Crypto Reserve and Solaxy Could Boost $SOL’s Value
The two other cryptocurrencies mentioned in Trump’s crypto reserve plan – Ripple ($XRP) and Cardano ($ADA) – had shed most of their gains from Monday.
On Tuesday $XRP had dropped 9.8%, while $ADA had fallen even further, losing 16.4%. Both have since reversed, up 2.57% and 8.4% over the past 24 hours.
Trump initially touted a Bitcoin reserve during his campaign at the Bitcoin conference in Nashville in July of last year. However, including XRP, ADA, and SOL was initially just a rumor that spread before Trump’s inauguration.
Now that the plan is being set in motion, a major question remains: Will multiple coins receive congressional approval?
Bitcoin and Ethereum were selected primarily due to their decentralized nature, raising eyebrows over the inclusion of the three other tokens. Trump likely seeks to fulfill his pledge to make the U.S. the global crypto capital, and establishing a reserve for these U.S.-based cryptocurrencies could be a key step toward that goal.
One thing is certain: creating a reserve for these crypto-assets would likely lead to a price surge, as it would lock up a portion of their supply, effectively reducing circulation.
For a blockchain like Solana, which saw a major boost from the meme coin sector last year and surpassed its 2021 total value locked (TVL) peak of nearly $10 billion – reaching over $14 billion in January – a SOL reserve could serve as a catalyst for its market value to surge.
Solana Total Value Locked (TVL). Source: DefiLlama.
However, surpassing Ethereum remains a long shot. Both ChatGPT and DeepSeek agree that the gap between the two remains vast, with Ethereum significantly overshadowing Solana.
Yet, a major catalyst for a potential price surge that AI chatbots have not accounted for is Solaxy, Solana’s first Layer-2 chain, which could change the game.
Solaxy is the Key to Bridging the Gap Between Ethereum and Solana
Solana has struggled with network outages since its inception, and its growing demand across various sectors has only further exposed its inefficiencies during periods of high network activity.
Despite these challenges, Solana boasts significantly faster and cheaper transactions than Ethereum. Theoretically, it can process 65,000 transactions per second (TPS) – far surpassing Visa’s 24,000 TPS and Mastercard’s 5,000 TPS. This speed advantage has made Solana the leading chain for meme coins and a rising force in DeFi, steadily closing in on Ethereum.
However, several key issues continue to hinder its scalability and reliability:
Validator Strain – Some validators lack the high-performance hardware required to keep up with demand, leading to network instability.
Transaction Prioritization Issues – Even with the introduction of priority fees, congestion remains a problem, much like Ethereum.
These challenges highlight why Solana, despite being a technically faster blockchain, remains far from surpassing Ethereum in overall dominance.
But that could soon change with the introduction of Solaxy, Solana’s first Layer-2 chain. Solaxy functions as a roll-up solution that enhances Solana’s scalability by offloading transactions – similar to how Arbitrum and Optimism improve Ethereum’s efficiency.
https://x.com/SOLAXYTOKEN/status/1894037785763582183
By shifting some of the transaction load away from the mainnet, Solana can now operate more efficiently, even during peak demand periods.
This breakthrough could finally eliminate the congestion and outage issues that have long plagued the network, potentially closing the gap between Solana and Ethereum in both market value and usability.
$SOLX Could Be the Next $SOL
If Solana overtakes Ethereum in the near future – with a significant boost from Solaxy – it wouldn’t be surprising to see $SOLX growing in parallel with $SOL.
In fact, $SOLX could experience exponential growth, much like Ethereum’s Layer-2 networks, which have reached multi-billion-dollar market valuations.
At its current price, $SOLX could present a discounted entry opportunity, similar to catching $SOL when it was trading at just $0.50 in 2020.
Even at Solana’s current price of $137, that still represents a 4,174% gain from its 2020 lows – meaning a $10,000 investment back then would now be worth over $410,000.
That’s why $SOLX has caught the attention of 99Bitcoins, a trusted crypto education platform, which believes the token is poised for explosive growth.
$SOLX is Currently Available Only in Presale
The only way to secure an early position in $SOLX is through its presale. To participate, visit the Solaxy website and connect your wallet, such as Best Wallet.
With its multichain capabilities, Best Wallet is a great choice for managing $SOLX. The mobile crypto app supports all EVM chains, has recently expanded to include Bitcoin wallets, and will soon launch native support for Solana.
Get Best Wallet today on Google Play or the Apple App Store.
For the latest Solaxy news and developer updates, join the community on X and Telegram.
The post Solana Price Recovering: Do AI Chatbots See It Overtaking Ethereum in 2025? Solaxy Could Be the Catalyst, ICO Hits $25m appeared first on Cryptonews.
