The Solana meme coin market is scorching hot right now as Moo Deng and Peanut the Squirrel book 125% and 19% daily gains

Investors who bought into Peanut the Squirrel or Moo Deng in recent months will now find themselves sitting at a substantial profit.

The Solana meme coin market is scorching hot right now as Moo Deng and Peanut the Squirrel book 125% and 19% daily gains, and even bigger gains this week.

But amidst this excitement, one project tipped to outperform is Solaxy ($SOLX), the world’s first Solana layer 2 blockchain.

The project is tackling Solana’s congestion issue, aiming to make the chain faster and more user friendly.

Right now, it’s undergoing a presale where it has raised over $34 million so far. This makes it the biggest Solana ICO in history and indicates that it could see massive gains once it hits the open market.

Moo Deng, Peanut deliver huge gains

Investors who bought into Peanut the Squirrel or Moo Deng in recent months will now find themselves sitting at a substantial profit.

Both projects, alongside countless of Solana-based meme coins, have printed massive returns in recent weeks.

After a devastating selloff in Q1 2025, during which many investors lost hope that meme coin prices would ever recover, Moo Deng has surged over 10x.

It currently trades at $0.27, up 120% today, 607% this week, and 1,020% this month.

Meanwhile, Peanut the Squirrel has rallied by 19% today, 161% this week, and 217% this month.

This comes at a time when the broader Solana meme coin ecosystem is thriving with its total market cap jumping by 9.3% in the past 24 hours to reach a total valuation of $14.9 billion.

But one project that might just outperform is Solaxy, with its layer 2 blockchain helping it catch disproportionate levels of incoming liquidity.

Solaxy delivers infinite scale to Solana

The Solana meme coin market is back on track and appear set to reach new heights in the coming months.

Projects across-the-board are yielding substantial gains and millions of new users are joining the ecosystem. Solana has accommodated 82 million users in the past month and seen over $20 billion in on-chain trading volume, which is more than any other blockchain.

However, the project continues to face a crucial issue: congestion. During periods of peak network activity, Solana transactions slow down and failure rate increase. At times when it’s most crucial for the network to function properly, it breaks.

Solaxy is solving this with a layer 2 blockchain that will handle some of Solana’s workload. It will use off-chain computation and transaction bundling technology to achieve a transactional throughput of 10,000 transactions per second (TPS). In comparison, Solana is capable of 6,500 TPS.

The layer 2 chain will be cheaper, faster, and more reliable than Solana, making it perfect for meme coin trading.

But as an infrastructure project, Solaxy potentially holds a lot more room for growth than ecosystem meme coins. For perspective, Solana is worth $91 billion, while it’s most valuable meme coin, OFFICIAL TRUMP, is worth just $2.82 billion.

With that in mind, experts believe that $SOLX could yield massive gains. For instance, analyst Danjo Capital Master recently told his 800K subscribers that the project holds 50x potential.

But some analysts have gone even further – Alessandro de Crypto even says it could 100x.

Last chance to buy $SOLX before presale price increase

The Solaxy presale price will increase throughout the campaign, with the next uptick in just under two days.

And with the Solana ecosystem taking off, this might well be the lowest price that investors ever get the opportunity to buy $SOLX at.

The project has a robust use case inside the hottest crypto ecosystem – and it also has analyst’s support. It appears that everything is in place for $SOLX to thrive this year.

And potential investors can rest assured that the project is safe and secure, it has been audited by Coinsult, who found no issues with its code.

Follow Solaxy on X or join its Telegram for the latest news and update. Alternatively, visit its website to buy tokens.