Solaxy Emerges as the New Meme Coin Hub on Solana, Targeting Pump.fun's Dominance

The crypto market is regaining momentum, and all signs point toward a powerful meme coin resurgence.

The crypto market is regaining momentum, and all signs point toward a powerful meme coin resurgence.

Bitcoin is on the verge of breaking past its all-time high, while Solana has rebounded from recent lows of $95 to trade around $160-$170.

As bullish sentiment returns, one name stands out at the center of this momentum shift: Pump.fun.

Solana just had its strongest quarter in a year, with $1.2 billion in revenue for Q1 2025. And at the heart of this explosive growth is Pump.fun, which generated $257 million in revenue—besting even established platforms like Phantom, which reported $164 million in earnings.

These token-creation platforms are proving to be powerhouses, generating hundreds of millions per quarter simply by enabling users to launch meme coins.

Amid this surge in activity, a promising new player has emerged: Solaxy, the first-ever Layer 2 blockchain on the Solana network.

Supported by multi-chain compatibility and infinite scalability, Solaxy is poised to become a major ecosystem for meme coins.

New Solaxy Tool Lets Users Mint Tokens on Layer 2 Blockchain

Solaxy just rolled out a major update: the Igniter Protocol. Similar to Pump.fun, this tool lets Solaxy (SOLX) holders create and launch their own tokens directly on the Solaxy Layer 2 blockchain.

This new feature could propel user activity and revenue generation. Even if Solaxy manages to capture a small portion of Pump.fun’s current market share, it could translate into significant earnings for the Layer 2 blockchain.

Currently, Pump.fun brings in an estimated $250 million per quarter. If Solaxy captures even a small slice of that market, it could be generating tens of millions in revenue each month, positioning it as a major contender in the meme coin domain.

The timing and strategy work in Solaxy’s favor. The team has been preparing for this moment, and the recent launch of its testnet bridge—connecting with the Solana Devnet—marks a significant milestone.

Users can already bridge native SOL between Solana and Solaxy, pushing the platform closer to real interoperability. To benefit both developers and traders, the new public block explorer allows anyone to monitor transactions on Solaxy’s Layer 2 in real time.

With the project still in its early phase, investors now have a rare chance to get involved in a Layer 2 ecosystem ahead of its full rollout.

Last Chance to Grab SOLX Before DEX Launch

With more than $38.7 million already raised, the opportunity to join the Solaxy presale is rapidly approaching its end.

Right now, investors can buy SOLX—the native token of Solaxy—for just $0.001728. Getting started is straightforward, with support for ETH, USDT, BNB, SOL, and even credit or debit cards. A compatible wallet, like the Best Wallet app, makes the process seamless.

After the presale concludes, the project will transition into the Token Generation Event (TGE), where investors can claim their tokens.

The team appears to be moving swiftly, with a DEX listing also expected to launch at the time of the TGE. $SOLX will initially be launched as an ERC-20 token, and it will be bridged to Solana’s Layer 2 after the mainnet becomes active.

Holders can stake their $SOLX to earn a live APY of up to 104%. More than 11 billion tokens have already entered the staking pool, showcasing the strong confidence from early supporters.

The staking model employs a dynamic system—the APY will decrease as more tokens are staked. This structure prioritizes early supporters with the potential for higher returns.

Solaxy’s tokenomics highlight a total supply of just over 138 billion $SOLX, with strategic allocations for development, staking rewards, marketing, and liquidity.

The team has plans for $SOLX to serve as the core token, fuelling key areas like Decentralized Finance (DeFi) and GameFi within the emerging ecosystem.

With less than a month remaining in the presale and significant momentum building, Solaxy’s Layer 2 network seems poised for breakout as the market prepares for what many anticipate to be a potential ‘super cycle.’