![\"$TRUMP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-02-192053.jpg?w=460&resize=700%2C316\")
<\/p>\nFor the first time ever, Solana has beaten Ethereum in monthly revenue. Solana made around $116M in January 2025 as compared to Ethereum\u2019s $107M. This makes a massive 96% month-on-month increase for Solana – it made $59M in December 2024.<\/p>\n
On the flip side, Ethereum\u2019s revenue took a 39% dip during the same period. The last year was fantastic for Solana. For context, it made only $6M in January 2024, and in just one year it has managed to topple Ethereum. The number of active addresses on Solana has skyrocketed, reaching a whopping 832K addresses per hour.<\/p>\n
A major reason for Solana\u2019s January 2025 boost goes to the launch of the $TRUMP coin on the network. Just days before his swearing-in ceremony, Donald Trump launched his own meme coin on the Solana network at less than $10.<\/p>\n
Within just 2 days, the coin soared to $75, reaching a market cap of $15B. Even now, i.e., when it has dipped a fair bit from its highs, $TRUMP is among the top 5 cryptocurrencies in the world as far as market capitalization is concerned.<\/p>\n
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This brought in a whole new crowd of Trump supporters to the Solana network, who made their first-ever crypto investment in $TRUMP.<\/p>\n
Solana is known for its high-speed transactions. It now has an average daily volume of around 430M. Plus, with more than 11B value locked<\/a>, the network is gaining popularity day by day.<\/p>\n The success of $TRUMP also rubbed off on Pump.fun<\/a> – the largest meme coin marketplace in the crypto industry. With more than 6.8M token launches so far, Pump.fun has become the go-to for meme coin launches. It clocked a massive revenue of $116.72M in January, just marginally ahead of Solana.<\/p>\n Solana hit a high of $295 on January 19. Since then, it has seen a correction of 28% and is currently trading around the $210 levels. However, the long-term prospect for the token remains positive, and investors see this dip as a good accumulation opportunity before a potential breakout.<\/p>\n With Solana set to roar, there\u2019s one particular project that has caught the investors\u2019 eyes: Solaxy ($SOLX)<\/strong><\/a>.<\/p>\n With time, Solana has become overburdened with transactions, so much so that it sometimes results in failed transactions and slower throughputs. As the first Layer 2 solution on the Solana network, Solaxy ($SOLX)<\/strong><\/a> aims to tackle these issues.<\/p>\n Instead of processing each transaction individually, Solaxy bunches a number of transactions together and processes them in batches. This results in the consumption of fewer resources, resulting in faster outputs. Another benefit of this approach is cost; the overall transaction fee on $SOLX is less than on Layer 1 chains.<\/p>\nWhat Is Solaxy ($SOLX)?<\/h2>\n
![\"Solaxy](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-02-193301.jpg?w=460&resize=700%2C350\")
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