The meme coin market surged again in June 2025. AURA, which had been dormant for a long time, skyrocketed over 4800% in just one day, soaring from $0.00088 to $0.055, nearly matching last year's high of $0.074. This intense rebound reignited the bullish expectations of many Solana community members and simultaneously raised concerns about the network load of Solana, with Solaxy standing at the forefront of this wave as the first Layer 2 solution for SOL.
AURA was one of the representative works of Solana Summer 2024, successfully completing a 'hell rebirth' in this round of market. In the past 24 hours, its trading volume surpassed $41 million, almost equal to its current market value. The lack of clear positive news supporting this surge highlights the irrational speculation of meme coins and the strong FOMO effect within the community.
The number of AURA holders quickly increased from 16,000 to over 19,000, with 3,000 new wallets flooding the market in just one day. Relevant topics on the X platform quickly made it to the trending searches, becoming the hot topic among all Solana meme coin enthusiasts.
Extreme price fluctuations have also emerged, with AURA's chart showing 15-minute candlestick volatility reaching 20% to 30%. All of this illustrates the potential of community-driven projects—this is not driven by centralized exchanges, but rather 95% of transactions occur on native DEX platforms like Raydium and Meteora, showcasing the immense power of decentralized users.
Solana faces congestion again, and Solaxy is pushed to the forefront.
The explosive performance of AURA has also prompted a reevaluation of Solana's technical bottlenecks. Over 14,000 transactions flooded into the mainnet within 24 hours, putting Solana under pressure testing for network congestion once again. This situation is reminiscent of the paralysis scenes during the peak of the 2021 bull market when users frequently encountered transaction failures and network interruptions.
At this point, the importance of Solaxy ($SOLX) begins to emerge. As a prominent Layer 2 system in the Solana ecosystem, Solaxy uses rollup technology to batch process large volumes of transactions off-chain and then return them for settlement on the mainnet, addressing such congestion issues.
The Solaxy team stated that they are not stopping here; they are building a complete L2 infrastructure, including a partnership with Hyperlane to bridge Solana and Ethereum, an integrated decentralized exchange Solaxy DEX, and a token issuance platform called Igniter. This means that future meme coins can be issued cross-chain from Solana or Ethereum to Solaxy, listed via Igniter, and ultimately launched on Solaxy DEX.
The presale is about to end, and the countdown for Solaxy's rush purchase begins.
Solaxy's officials claim that the token presale has raised over $48 million, entering the final 4 days of countdown. As the first fully functional Layer 2 project on Solana, the officials describe it as one of the most scalable and promising new projects of the year, with the token presale being the last opportunity for investors to participate in this wave of technological innovation at a low price.
In addition to technical vision and community foundation, Solaxy has publicly demonstrated a testnet block explorer with a processing capacity of 16 transactions per second, a time slot interval of only 1200 milliseconds, and has accumulated over a million transactions, showcasing its practicality and maturity in testing.
Purchase Solaxy on the official website.
Conclusion: From AURA to Solaxy, the evolutionary path of the Solana ecosystem.
The miraculous surge of AURA has brought Solana back into the market spotlight and made people realize that the mainnet still has structural pressures under high-intensity operations.
The rise of Solaxy not only responds to this bottleneck but also symbolizes the entry of the Solana ecosystem into a new era of Layer 2. From the meme frenzy to fundamental infrastructure innovation, the Solaxy team indicates that Solana needs L2 perhaps more urgently than ever.
