SOL price could skyrocket to hit $520 after Solana ETF decision claim VanEck, and a new Solana l2 – $SOLX – is going viral at $26M raised.
While Solana’s ($SOL) price action has been relatively muted, its first layer-2 chain, Solaxy ($SOLX) , is thriving in its presale after surpassing $26 million in total funding on Thursday.
From its $115 dip on Tuesday, $SOL has bounced back with a 7.83% gain to reach its current price of $124.
But even at this level, Solana remains 57% below its all-time high – a gap that may seem challenging to close. Yet, global investment firm VanEck remains bullish, predicting $SOL could surge to $520 before the year’s end.
Our Solana Price Target by the End of 2025 is $520
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…
— VanEck (@vaneck_us) February 6, 2025
The success of a chain often signals growth for its ecosystem, and Solaxy would be a prime beneficiary. As Solana’s first Layer-2 solution, Solaxy is well-positioned to tackle the network inefficiencies that have long plagued the main blockchain – a critical step in boosting scalability and performance.
Currently, $SOLX is only available through its presale, which offers buyers a discounted entry before it lists on major exchanges. The ongoing presale price is $ SOLX at $0.001662 for the next 33 hours before the next price increase.
If you buy $SOLX today, you can also stake your new tokens to earn an annual yield of 156%. The yield is set dynamically depending on the level of deposits in the staking smart contract.
VanEck Outlines Bold Case for Future SOL Price Explosion In 2025
According to VanEck, the case for Solana ($SOL) surging to four times its current value lies in the trajectory of the U.S. money supply.
The New York-based firm believes that the total value of smart contract platforms (like Ethereum, Solana, and others) will expand alongside the U.S. money supply (M2), which has historically moved in sync with crypto prices.
Since January 2025, M2 has already climbed to $21 trillion, and VanEck expects it to reach $22.3 trillion by year-end. This projection seems increasingly plausible given February’s inflation data, which showed the U.S. Consumer Price Index (CPI) rising by just 0.2%—its lowest increase since October 2024.
M2 (M2SL) | FRED | St. Louis Fed
Concerns of a recession have also emerged following Donald Trump’s recent move to impose new tariffs on foreign goods. This action contributed to stock market declines and weakened consumer confidence. Since February, the S&P 500 has dropped 8%, while the Nasdaq-100 has fallen 11%.
Such economic conditions could push the Federal Reserve to adopt expansionary monetary policies, such as lowering interest rates or engaging in quantitative easing, which can increase the U.S. money supply (M2). If that occurs, the smart contract platform market could swell to $1.1 trillion, marking a 43% increase from current levels.
Currently, Solana holds about 15% of the smart contract market, but VanEck forecasts its share could rise to 22% by the end of 2025. This outlook is supported by Solana’s expanding developer ecosystem, rising DEX (decentralized exchange) volumes, and a growing active user base.
Should this projection hold true, Solana’s market cap could climb to $250 billion, translating to a $520 token price based on its current circulating supply.
Solana Price: SOL Live Price Chart, Market Cap & News Today | CoinGecko
Adding to this momentum is the introduction of Solaxy , Solana’s first layer-2 chain. By easing congestion on the Solana mainnet, Solaxy could further propel $SOL’s growth, helping it secure an even greater share of the smart contract platform market and push the token to new all-time highs.
New Solana L2 $SOLX Is Being Called The Ultimate Ethereum Killer in Whale Groups
Solana has recently faced several network outages, which has likely hindered its ability to live up to its “Ethereum killer” reputation.
Despite Solana’s impressive transaction capacity – one that rivals Mastercard and Visa – it has struggled with performance issues during periods of high network traffic. This unreliability has kept Solana from dominating the smart contract market.
With the introduction of Solaxy , a roll-up solution designed to ease congestion, Solana’s mainnet will no longer face the same strain during surges in network activity. This enhancement enables Solana to handle large transaction volumes without relying solely on its core network.
In short, Solaxy addresses Solana’s scalability problem, making it a more reliable blockchain for developers to build on and a more attractive investment for those backing innovative solutions.
Solaxy’s recent developments signal significant progress. Recent upgrades to its roll-up infrastructure have introduced optimizations that are now fully operational, aimed at delivering faster transactions, lower fees, and improved on-chain data storage.
The dev team has also started work on a dedicated bridge UI “enabling seamless cross-chain transfers between Solana, Ethereum, Base, and Solaxy”.
🛸 Token Launchpad Expansion
We're in talks with key platforms to facilitate token launches on Solaxy. Deploying your project just got easier! 🚀
🛸 Rollup Infrastructure & Data Availability
Optimizations are in full swing:
🪐 Lower latency & higher bandwidth
🪐 Reduced…
— SOLAXY (@SOLAXYTOKEN) March 7, 2025
Additionally, Solaxy has expanded its multi-chain wallet support, enabling users from other blockchains to access the Solana ecosystem through Solaxy .
To top it off, Solaxy has launched its own token launchpad, streamlining project launches on its platform – a move poised to attract even more development to the Solana ecosystem.
$SOLX Is Your Ticket To Highest Speed, Lowest Cost Solana Trading
Access to the Solaxy ecosystem is tied to its native token, $SOLX, which could follow a growth trajectory similar to that of Solana.
Considering Solana’s remarkable 24,000% surge from its 2020 lows to current levels – even before reclaiming its all-time high – some analysts predict $SOLX could see gains of up to 50x once it unlocks from its presale phase.
Currently, the presale offers the only opportunity to secure $SOLX before broader investor and developer access drives demand higher.
To participate, visit the Solaxy website and connect your wallet – such as Best Wallet .
With its multi-chain support, Best Wallet provides a seamless way to manage $SOLX, currently available on Ethereum. The wallet recently expanded to Bitcoin and is set to launch on Solana soon.
Download Best Wallet from Google Play or the Apple App Store to get started and participate in the Solaxy presale.
Stay updated on Solaxy’s latest developments by joining its X and Telegram communities.
Discover more about Solana’s first Layer-2 chain.
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