The turn of the year shines bright on Solana as the ecosystem received over $1B in stablecoin inflows in December.
How and why did this happen?
Easy – stablecoins exploded in popularity after Trump’s November victory, and Solana’s status as the home of the best meme coins formed a natural combo.
$SOL also rebounded from a low $182 to its current $206 in the past week, further solidifying the blockchain’s breakout.
In similar news, Solaxy (the first Solana Layer-2 project) just raised $7M in presale after a whale bought $152K $SOLX.
Let’s discuss what this means and how Solaxy could be the lightning in Solana’s meme coin bottle.
Solana Rocks the Crypto Boat in December, Begins 2025 in Style
Between December 1 2024 and January 1 2025, the Solana stablecoin market surged by 12.6%, from $4.6B to $5.18B.
$USDC dominates at 74.07%, growing from a $3.33B market cap on December 1 to $3.83B on January 1 (with a total inflow of $962M).
And if we look at the yearly performance of Solana’s stablecoin market, it’s even more favorable. From $1.83B on January 1, 2023, to $5.21B one year later, it increased by 184%.
It was Donald Trump’s presidential victory against Kamala Harris that spurred this revival. His pro-crypto promises, coupled with Elon Musk’s Dogefather reputation, swayed many crypto opinions and sealed the deal.
Solana’s meme coin sector benefited the most from this arrangement, reaching a current total market cap of $21B. Let’s see how they’re doing.
Top-Performing Solana Meme Coin Jumps 177% in One Week
ai16z ($AI16Z) is the hottest $SOL meme coin around, with a 177% increase in the last week and a 54% increase in its 24-hour trading volume.
Other 24-hour top gainers include:
Overall, Solana’s meme market cap jumped 15.5% in the last day, reaching $21.5B. Investors traded $5.3B in the same timeframe, showing resurging interest in the ecosystem.
This is where Solaxy comes in, ready to upscale Solana’s blockchain technology to greater heights.
Solaxy’s Layer-2 Promises a Solana 2.0, and It Sounds Great
Meet Solaxy ($SOLX), an up-and-coming Solana Layer-2 (L2) presale that’s recently raised $7M and is now headed to the $8M milestone.
The project promises a three-pronged solution to Solana’s biggest challenges.
| Solana Problem | Solaxy Solution |
| Congestion: Solana’s network is heavily limited during high traffic, leading to significant network downtime. | Off-chain processing: Solaxy sends transaction data to its L2, leading to faster and smoother transaction times. |
| Scalability limits: The ever-growing ecosystem finds it increasingly difficult to grow according to demand. | Transaction bundling: By processing transactions in batches, $SOLX maintains a higher throughput and lower costs than Solana. |
| Failed transactions: Network overload leads to unreliable transaction execution. | Layer-1 settlement: Solaxy finalizes all bundled transactions on Solana’s mainnet for more security and uninterrupted service during network surges. |
$SOLX will also be fully customizable, which means developers can create tailored dApps using a modular infrastructure. So, you can optimize dApps for your specific use case in one of the fastest Solana chains.
With Solana’s recent popularity resurgence, Solaxy has seen incredible growth. One whale bought $$152K $SOLX on December 31, pushing for more investor interest.
One $SOLX is currently $0.001588, with a total staked amount of $2.4B. The current staking APY is 471%, so holding it long-term is also viable.
The project’s smart contract was audited by Coinsult, who found no vulnerabilities. Its social media presence is also impressive, with over 51K X followers, one of the highest we’ve seen for a presale.
Solaxy is looking like a strong contender for 2025’s top gainers, especially given its high utility, but we’ll see how things unfold.
Are We Looking at a Solana Comeback?
There’s no doubt about it – Solana is back. And it’s looking better than ever.
As it’s edging closer to its $258 all-time high, the meme market is growing impatient by the day. ai16z is leading the pack, but others like Bonk and Pudgy Penguins are close behind.
And itching to join the race is Solaxy, Solana’s first Layer-2 project. Only time will tell if it’ll grow to its full potential.
Remember, this is not financial advice, and you need to do your own research before investing in meme coins. The industry’s volatility makes these very risky investments, so extra attention is necessary.
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