Solana exceeds Ethereum in the Dex volume, but why is there no layer 2 and is Solaxy the solution?
In the last week of May in 2025, Solana again managed to exceed Ethereum in his decentralized ecosystem in total sales – with over $ 20.9 billion compared to $ 17.2 billion at Ethereum. Although Ethereum is historically the king of the defi, Solana seems to win the hearts (and wallets) of the traders thanks to lightning -fast transactions and low fees act with cryptocurrencies.
However, what looks like a complete dominance of Solana hides an obvious contradiction: Ethereum has dozens of Layer-2 networks that process a large part of the defi activities, while Solana has never had none.
Layer-2 and how Ethereum has already proven their necessity
While some are still discussing whether Layer 2 solutions are only a temporary fashion, Ethereum already has a solid portfolio of functioning rollups that not only take over a large part of data traffic, but also offer real added value in terms of scalability and lower fees.
Arbitrum is the largest Layer 2 network with over $ 18 billion in blocked value (TVL). Hundreds of Dapps are operated on the network, including defi giants such as GMX and Radiant.
With the creation of the OP Stack, Open-Source framework has opened Open-Source Framework that enables other networks (including Coinbase base) to build your own rollups. Here Layer-2 is already the technological basis for scaling an entire ecosystem.
So the question is not “whether Solana needs a rollup”, but “if it will need the first ”. And the answer seems to get through Solaxy.
Solaxy-Layer-2 with meme mask
In January 2025, the token $ Trump exploded by over 700% within a few days and generated trade sales of several $ 10 million – mainly on Solana. The result? The network was overloaded. Some transactions were delayed by hours, others were completely lost. Even centralized stock exchanges temporarily blocked deposits from Solana.
This moment showed that a global hype itself can suffer a high -speed network like Solana. In the event of future waves of depin projects, RWA token's or highly active NFT games, the need for specialized Layer 2 solutions will be critical.
Solaxy ($ Solx) has pushed into this niche – the first rollup for Solana. What makes it unique is that Solaxy uses the meme culture instead of boring branding to cause a stir. His mascot – Pepe the frog, but with white hair and a tongue that protrudes from Einstein – is also ironic and awesome.
However, behind the facade there is a serious architecture like that Igniter Protocol – A launch pad for tokens that automatically receive liquidity in Solaxy Dex, Dex with roll-up logic-compressed transactions are uploaded as a group into the basic layer of Solana-and a cross-chain bridge-Ethereumsolana Bridge, which enables cross-chain liquidity without ungut period.
Institutional interest and ticking watch
🚨 Welcome to the Future 🚨
Another major piece of the puzzle is coming together. The Solaxy DEX is on the way.
It will be the native trading hub for all tokens launched through Igniter, our rollup-native launchpad. Once a token completes its bonding curve on Igniter, it flows… pic.twitter.com/lEvZh7RRd6
— SOLAXY (@SOLAXYTOKEN) May 27, 2025
According to the latest data, Solaxy has already collected over $ 41.5 million in its pre-sale, which ends on June 16, 2025. An on-chain analysis shows transactions of over 1 million tokens that have been sent to newly created wallets-a clear signal that crypto whales position themselves early.
Similar to the early investors in $ Pepe and $ Doge, these addresses not only rely on the meme culture, but also on a basic application that is missing in the Solana ecosystem.
What does that mean for the market?
Solana receives a “safety valve” that absorbs future loads and enables larger scaling without affecting the basic level.
Traders, in turn, benefit from a rollup with an integrated Dex, which enables lower fees, faster versions and potentially new arbitrage options.
And for investors? An opportunity to get into a project with an enormous technical value that is massively accepted by the meme culture.
Closing word
Solana has shown that it can beat Ethereum on his own terrain – the volume in Dex. But the struggle for scalability has just just started. If Solaxy complies with even half of his promises, it could not only prove to be a “meme coin with air”, but as the missing part in the architecture of Solana.
After June 16, when the pre-sale ends, it will be shown whether $ Solx is only another hype-or the first real layer-2, which connects technology and culture into a whole. For the time being, the market seems to believe in it – and position itself accordingly.
