Crypto prices are surging after Donald Trump announced a ceasefire between Israel and Iran in the Middle East. Solana is a top gainer with an 8% pump.
It now trades at $145 and appears well on track to take local highs in the days ahead.
However, as the Solana price surges on renewed investor confidence, the newly launched Solana layer 2 blockchain, Solaxy ($SOLX), has gained 60% in the past 24 hours following its DEX launch on Uniswap and Raydium.
According to CoinMarketCap data, presale profit-taking ensued once $SOLX hit the open market on Monday, causing an initial crash to lows of $0.00059. However, the selling has stopped, and bulls have taken charge, with the $SOLX price rallying to a current valuation of $0.0011.
Solaxy is strategically positioned to extend Solana’s ecosystem with layer 2 scaling, removing the network’s long-standing congestion issue and replacing it with blistering speeds, lower fees, and reliability.
Investors looking to capitalize on Solana’s growth appear to be buying Solaxy in order to generate bigger gains. While Solana is worth $76 billion, Solaxy’s market cap is just $124 million, offering huge upside potential, especially since it solves a crucial ecosystem issue.
Solana’s rapid surge as geopolitical tensions soften
There has been an incredible vibe shift in the crypto market over the past 48 hours.
Chatter of ‘World War 3’ worryingly circulated social media sites as the United States and Israel traded airstrikes with Iran over the weekend and Monday. However, US President Donald Trump announced a ceasefire on his social media site Truth Social, and then posted an update revealing that it is “now in effect.”
As a result, investors have begun retaking risk positions in the crypto market. Bitcoin is up 3.3% today, Ethereum is up 6%, and Solana is up 8%.
Solana has also seen a 28% rise in 24-hour trading volume, taking its total amount to $5.88 billion today.
Meanwhile, the Solana ecosystem is also catching fire.
Solaxy is a clear example of that, having gained a whopping 50% today.
Solaxy leads crypto gainers – but there’s room for more big gains
After raising $58 million to become the largest Solana presale in history, Solaxy is living up to expectations on its decentralized exchange (DEX) debut.
With a 60% pump over the past 24 hours, it’s one of the biggest gainers across all altcoins as seen on CoinMarketCap and CoinGecko.
Furthermore, its trading volume is also surging, having increased from $2 million 16 hours ago to over $6 million at press time.
As word spreads about Solaxy’s exchange listing, new investors are scrambling to buy. It’s important to note that Solaxy currently remains at a substantial discount compared to the price at which several top analysts anticipate it trading this cycle.
Something else worth noting is that Solaxy has locked $1.6 million in liquidity until June 2026. This doesn’t just ensure seamless buying and selling; it reflects Solaxy’s long-term approach and signals that the team isn’t going anywhere.
And the chart is starting to reflect that – $SOLX has broken all key resistance and now has room for an 59% uptick to the next important price point.
Solaxy mainnet launch and “massive exchanges” coming soon
Strap in because Solaxy’s gains may just be getting started.
The project aims to address Solana’s congestion issue by utilizing off-chain computation and transaction bundling technology, validating transactions on its layer 2 in batches and then reporting back to Solana for finality.
Its goal is to achieve 10,000 transactions per second (TPS), which will make it significantly faster than Solana, capable of 6,500 TPS.
The test network is now live, allowing developers to begin building Solaxy apps. The team has confirmed that the main network will go live on July 7. Other key launches include Solaxy’s meme coin launchpad Igniter Protocol and its native DEX Neptoon.
The team has also promised that Solaxy will list on “massive exchanges.” And although they have yet to confirm which ones, its ambitious use case, ties to Solana, and strong DEX debut all indicate that top tier 1 platforms will be interested.
There is no doubt that listings on such exchanges, coupled with the launch of major ecosystem features, will contribute to a strong uptrend continuation for Solaxy in the months ahead.
$SOLX is currently available on the Ethereum and Solana networks, so investors can purchase it from Uniswap or Raydium.
Holders can also transfer their tokens between networks using the Solaxy bridge.
You can also follow the project on X or join its Telegram for the latest news and updates. Alternatively, visit its website to learn more or stake $SOLX.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.