{"id":157326,"date":"2025-05-19T18:01:12","date_gmt":"2025-05-19T15:01:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=157326"},"modified":"2025-05-19T18:01:12","modified_gmt":"2025-05-19T15:01:12","slug":"next-successor-to-solana-new-layer-2-platform-raises-37-million","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/next-successor-to-solana-new-layer-2-platform-raises-37-million\/","title":{"rendered":"Next Successor to Solana? New Layer 2 Platform Raises $37 Million"},"content":{"rendered":"

In what\u2019s turning out to be one of the hottest ICOs of the year, Solana\u2019s only Layer 2 platform, Solaxy (SOLX)<\/a>, has raised over $37 million. After SOLX attracted over $1 million in fresh capital during the past 48 hours, it\u2019s clear that investors are still bullish on the AI and meme coin crossover sector.<\/p>\n

A few market commentators are questioning whether Solana really needs a Layer 2, but anyone who uses the Solana (SOL) Layer 1 chain knows it has faced scalability issues and occasional downtime. These are big red flags that can scare off institutions and larger buyers, who generally avoid systems that might buckle under the weight of extreme transaction volumes.<\/p>\n

Numerous analysts and firms like VanEck are backing Solana\u2019s growth toward the psychological $500 level. However, to realistically hit this goal, Solana\u2019s L1 will need to start tackling its congestion issues.<\/p>\n

Therefore, a Layer 2 solution like Solaxy is fundamental to SOL\u2019s long-term growth. As the first L2 for Solana, Solaxy is designed to handle network congestion by offloading excess transaction volume, allowing Solana\u2019s main chain to stay lightning-fast and reliable even during intense demand spikes.<\/p>\n

The current SOLX token price is $0.001726\u2014and with the presale\u2019s pace accelerating, investors might not have much time left to participate before the token sells out.<\/p>\n

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Solana Forecast to Hit $520 by 2025 as Institutional Interest Surges<\/strong><\/h2>\n

One reason Solaxy has gained so much attention is the bullish outlook for Solana itself. The investment management firm VanEck has even predicted that SOL will reach $520 by the end of 2025.<\/p>\n

This ambitious price target is based on several factors. VanEck\u2019s modeling suggests that Solana\u2019s slice of the smart contract platform (SCP) market could jump from roughly 15% to 22% in the next six or seven months. With the total SCP market cap possibly hitting $1.1 trillion (up 43% from current levels) by the end of December, Solana would represent a bigger chunk of an even bigger pie.<\/p>\n

Moreover, Solana has seen a jump in new decentralized applications (dApps), plus rising user adoption for its DeFi and NFT ecosystems.<\/p>\n

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Our Solana Price Target by the End of 2025 is $520<\/p>\n

We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation\u2026<\/p>\n

\u2014 VanEck (@vaneck_us) February 6, 2025<\/a><\/p><\/blockquote>\n