MELANIA meme coin is trending, however as curiosity spikes, Solana is struggling below heavy load – fuelling demand for layer-2 scaling; fortunately, Solaxy is constructing a Solana layer-2.
Meme cash on Solana are again within the image once more. In 2024, Pump.enjoyable was the first driver of SOL costs, thanks partly to the explosion of tokens like Popcat and PNUT hitting the market via the launchpad.
In 2025, all the thrill round meme cash has been as a result of actions of Donald and Melania Trump. Inside 36 hours, they launched meme cash, each of which have soared to multi-billion valuations.
MELANIA and TRUMP tokens launched on Solana, funneling demand for meme cash.
Hours after launching, MELANIA soared to a market cap of over $1.8 billion, flipping a few of the most profitable meme cash on Solana, together with WIF and BONK.
(Supply)
MELANIA Crypto Is Hovering: However Will It Spark a Divorce?
MELANIA now has a market cap of $1.6 billion. At this tempo, it’s outpacing TRUMP, a meme coin that’s now additionally one of the vital useful on Solana.
(Supply)
By Sunday, TRUMP was buying and selling at over $70.
Nevertheless, MELANIA’s launch compelled TRUMP costs to decrease, inflicting a 30% drop to round $50.
As fashionable as each meme cash are, they’ve been criticized.
Moreover, they’re centralized, as seen within the distribution of tokens through Solscan.
There’s something else happening behind the scenes.
Solana Struggling In opposition to Main Congestion
All of it considerations the success of TRUMP and MELANIA meme cash. That each tokens are working on Solana has put a pressure on the platform.
The community is struggling to maintain up with the sharp spike in transaction processing demand.
Earlier right now, the community was congested, growing the transaction failure charges to as excessive as 70%.
That signifies that for each 10 transactions posted, solely three went via.
This growth may be pinned to on-chain buying and selling of meme cash.
In line with Jito Labs, Solana’s Block Engine API was “severely” degraded earlier right now because of “unprecedented load ranges.”
The @jito_labs Block Engine API is experiencing extreme degradation because of unprecedented load ranges.
Our engineering group has been actively mitigating the problem for a number of hours. Whereas the Solana community continues to function and course of blocks, transaction submission via…
— buffalu (@buffalu__) January 20, 2025
Because of this, precedence charges spiked by a reported 50X.
Though this has been fastened and the community stabilized, it reveals simply how fragile Solana turns into, particularly when below excessive load.
Solana Wants a Layer 2 and Solaxy (SOLX) Is Right here To Ship
Given what’s happening, there are debates about whether or not Solana ought to undertake layer-2 options like Ethereum.
Layer-2 platforms reroute transactions off-chain, offsetting mainnet load, and scaling the community.
On these platforms, customers are assured excessive speeds and transaction processing. These options imply charges are additionally perpetually low, attracting meme coin builders.
Already, layer-2s are attracting initiatives and capital. L2Beat reveals that these platforms, most of them on Ethereum, at present handle over $54 billion.
(Supply)
Arbitrum is the biggest, with a complete worth locked (TVL) of $17 billion. On Solana, scaling options are being labored on.
Solaxy is planning to develop the primary Solana layer-2. The answer will deal with Solana’s scaling points and unclog the mainnet in periods of heightened community exercise and speculative buying and selling, as we’re seeing with TRUMP and MELANIA buying and selling.
Solaxy might be interoperable with Solana, deriving its safety from the mainnet.
For what it presents, it’s gaining traction, elevating practically $12 million within the ongoing presale.
Good traders are scooping up the token in droves since SOLX is buying and selling for simply $0.001606.
Costs will enhance in two hours; that is one of the best time to purchase SOLX.
Those that purchase SOLX now additionally get an opportunity to stake, receiving a 305% APY.
Be a part of the venture’s neighborhood on X and Telegram to remain up to date on its newest developments.
Go to Solaxy
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