The turn of the year is bright for Solana as the ecosystem received over $1 billion in stablecoin inflows in December.
How and why did this happen?
Quite simply – stablecoins exploded in popularity following Trump’s victory in November, and Solana’s status as the home of the best meme coins made a natural combination.
$SOL also recovered from a low of $182 last week to currently $206, further solidifying the blockchain’s breakthrough.
In related news, Solaxy (the first Solana Layer 2 project) just raised $7 million in presales after a whale bought $SOLX for $152,000.
Let’s discuss what this means and how Solaxy could be the lightning bolt in Solana’s meme coin bottle.
Solana is rocking the crypto boat in December and starting 2025 in style
Between December 1, 2024 and January 1, 2025, the Solana stablecoin market increased by 12.6%, from $4.6 billion to $5.18 billion.
$USDC dominates with 74.07%, growing from a market cap of $3.33 billion on December 1st to $3.83 billion on January 1st (with a total inflow of $962 million).
And if we look at the annual performance of the Solana stablecoin market, it is even more favorable. It rose 184% from $1.83 billion on January 1, 2023 to $5.21 billion a year later.
It was Donald Trump’s presidential victory over Kamala Harris that spurred this revival. His pro-crypto promises, coupled with Elon Musk’s Dogefather reputation, influenced many crypto opinions and sealed the deal.
Solana’s meme coin sector benefited the most from this agreement, currently reaching a total market cap of $21 billion. Let’s see how they are doing.
Top-Performing Solana Meme Coin Surges 177% in a Week
ai16z ($AI16Z) is the hottest $SOL meme coin around, with a 177% increase in the last week and a 54% increase in 24-hour trading volume.
Other 24-hour top gainers include:
Overall, Solana’s meme market cap increased by 15.5% in the last day, reaching $21.5 billion. Investors traded $5.3 billion during the same period, showing renewed interest in the ecosystem.
This is where Solaxy comes in and is ready to take Solana’s blockchain technology to a higher level.
Solaxys Layer-2 promises a Solana 2.0, and it sounds great
Meet Solaxy ($SOLX), an up-and-coming Solana Layer-2 (L2) presale that recently raised $7 million and is now heading toward the $8 million milestone.
The project promises a three-pronged solution to Solana’s biggest challenges.
| Solana problem | Solaxy solution |
| Congestion: Solana’s network is severely limited when traffic is high, resulting in significant network downtime. | Off-chain processing: Solaxy sends transaction data to its L2, resulting in faster and smoother transaction times. |
| Limits to scalability: The ever-growing ecosystem is finding it increasingly difficult to grow in line with demand. | Transaction batching: By processing transactions in batches, $SOLX achieves higher throughput and lower costs than Solana. |
| Failed Transactions: Network congestion results in unreliable transaction execution. | Layer 1 settlement: Solaxy completes all pooled transactions on the Solana mainnet to ensure greater security and uninterrupted service during network congestion. |
$SOLX will also be fully customizable, meaning developers can build customized dApps using a modular infrastructure. This allows you to optimize dApps for your specific use case on one of the fastest Solana chains.
With Solana’s recent resurgence in popularity, Solaxy has experienced incredible growth. A whale bought $152,000 worth of $SOLX on December 31, pushing for more investor interest.
One $SOLX currently costs $0.001588, with a total stake of $2.4 billion. The current APR is 471%, so it also makes sense to hold it for the long term.
The project’s smart contract was audited by Coinsult, which found no vulnerabilities. The social media presence is also impressive, with over 51,000 X followers, one of the highest we’ve ever seen for a presale.
Solaxy appears to be a strong contender for the top winners of 2025, especially given its high utility, but we’ll see how things pan out.
Are we facing a Solana comeback?
There is no doubt about it – Solana is back. And it looks better than ever.
As it approaches its all-time high of $258, the meme market is becoming more impatient by the day. ai16z leads the pack, but others like Bonk and Pudgy Penguins are close behind.
And Solaxy, Solana’s first Layer 2 project, is keen to join in. Only time will tell if it will reach its full potential.
Remember, this is not financial advice and you must do your own research before investing in meme coins. Due to the volatility of the industry, these investments are very risky and require special attention.