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Cryptocurrency News Articles
Solana ($SOL) Gains Bullish Momentum – Could Solaxy Drive It To $180 Or Beyond?
May 01, 2025 at 09:30 pm
Solana is currently riding a wave of bullish momentum across its ecosystem.
Solana stablecoin market cap has surged since February, recently surpassing $13.07 billion, showcasing increased trust and liquidity flowing into the network.
This boost could signal even more upside for Solana, as stablecoin inflows tend to drive higher network usage, especially across Decentralized Finance (DeFi) and gaming – two of the chain’s fastest-growing verticals.
Solana utility coins are also showing strength right now. Jupiter is up 5% over the past 24 hours and +11% over seven days. Raydium is 15% better on a seven-day view, while Jito has improved 6%.
As a Solana infrastructure utility layer, Solaxy is directly impacted by network activity. When the chain gets busier, $SOLX benefits.
In other news, Bloomberg Intelligence now gives Solana ETFs a 90% chance of approval by U.S. regulators this year.
Solana price is currently holding above the $145 support and is trading at $148. Investors are now eyeing the next major price level. Some analysts point to a cup-and-handle formation on the weekly chart, with a break above the $155 resistance potentially opening the door to a $180 rally.
But that might just be the beginning. $SOL futures open interest hit $5.75 billion on Wednesday, suggesting that the next target could stretch to $200 even before any ETF approval.
Surging DEX activity further reinforces this, with total value locked (TVL) reaching $9.5 billion across liquid staking, collateralized loans, automated yield platforms, and synthetic derivatives.
However, all of these bullish catalysts – from stablecoin growth and ETF optimism to rising DEX volumes – point to one thing: higher prices for $SOL will depend on sustained, uninterrupted network activity.
Yet, whenever usage spikes, Solana has struggled to scale, leading to periods of downtime or degraded performance. For instance, in January, when U.S. President Donald Trump launched his own meme coins, the network slowed down under pressure.
Now, with Solaxy set to take off, it may prove to be the real catalyst for $SOL to break past the $180 level and continue rallying to $200 or beyond in 2025. It’s no longer about upgrading the chain; it’s about scaling it to meet the moment.
And that’s exactly what Solaxy is built to do.
Solana’s always been known for its speed and low fees, and thanks to its monolithic architecture, it can already handle serious throughput. But even the fastest chain has its limits when demand surges unexpectedly.
Over the years, Solana has faced increasing pressure to scale. In September 2021, the Grape Protocol IDO caused a 17-hour outage. In January 2022, high-compute transactions led to a 58-hour stretch of degraded performance. And the pattern didn’t stop there.
Even as recently as early 2025, Solana experienced fresh outages triggered by a new wave of on-chain activity, seen in DeFi surges, meme coin frenzies, and more.
For a long time, developers held off on Layer-2 solutions, believing Solana didn’t need them. But the reality is clear now: scaling needs backup.
Enter Solaxy, a Layer-2 chain for Solana that's already secured over $32.5 million in presale funding and is seeing a surge in buying activity.
Unlike Ethereum, where Layer-2s like Arbitrum are survival tools for a slow base layer, Solana already works. What it needs is a scaling partner, and that’s what Solaxy offers.
Built specifically for Solana, Solaxy processes transactions off-chain and batches them up for optimal throughput, keeping the fees low, speeds high, and the user experience smooth, even during periods of high stress on the network.
This isn’t a patch job; it’s a turbocharged extension of what Solana does best. When traffic explodes—from NFT drops to viral tokens—Solaxy acts like a backup V12 engine, keeping Solana running full speed.
So while everyone is focused on the next round of U.S. fiat coins or the latest DeFi craze, there's a deeper shift unfolding—one that could propel Solana to the forefront of Web3.
And that shift is being driven by Solaxy. It’s not about fixing a flaw; it’s about unlocking Solana’s next level.
This is no ordinary presale. It's a unique opportunity to invest in the future of Web3 with a promising Layer-2 project that's already turning heads.
At the moment, Solaxy is offering early presale buyers access to its ecosystem, including exposure before exchange listings and entry into Solaxy’s native staking protocol, which currently provides a 1
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