Solana, Home of The Best Meme Coins, Turns Five Years Old | Global News Avenue

Solana celebrated her 5th birthday yesterday. To commemorate the occasion, we decided to take a look at the journey of this blockchain as the leading platform and home to the best meme coins.

Solana Labs CEO Anatoly Yakovenko and Solana co-founder Raj Gokal and his team launched Solana on March 16, 2020. That was around the moment when the entire world was forced to blockade by the 19009 pandemic.

About 408B transactions, and later nearly 1 ton of transactions on DEX, Solana is now second only to Ethereum’s total value locked at $6.85B.

Solana aims to solve scalability issues that plague Bitcoin and Ethereum blockchains. And, over the past five years The best meme coins.

Over the past five years, high-speed, low-cost layer 1 blockchains have been ups and downs.

At the peak of the 2020-2021 Bulls Run, Solana’s market cap soared to $77.8B. However, it fell 96% at the end of 2022. Solana’s price fell to $8.30, and its market value dropped by about $3B.

However, Solana proves a comeback child, thanks in large part to the meme coins boom. Last year, the meme coin market exploded, with its collective market capitalization growing by 330%. According to cex.io.

Solana’s impressive speed (up to 65K transactions per second), low cost, strong community and developer-friendly environment make it its preferred blockchain The best altcoinsmaking it a considerable advantage over its competitors.

Solana got back on track and spent a year

When Solana celebrates her 5th birthday, it seems like there is something good about this blockchain. On the one hand, US President Donald Trump recently announced $sol will be included in the country’s proposed strategic reserve.

Institutional participants acknowledge Solana’s strong position – Asset manager Blackrock and others are launching $ SOL SPOT ETFS.

Solana also has two protocol upgrades in the pipeline. The first, SIMD 0123, proposes a system where the priority fees of Solana will be used for the validator Stakers. This should increase grazing rewards, block chain transactions and improve on-chain processing.

Meanwhile, SIMD 0228 is a proposal to change the way new $SOL tokens are issued to make token issuance more balanced and efficient. Putting in rewards is not a fixed schedule, but is adjusted based on how many people have points.

Solaxy’s pre-sale solution

Solana’s ecosystem continues to flourish in the cryptocurrency and Web3 landscape, proving that speed, efficiency and innovation can coexist in a decentralized world. That said, the Solana blockchain is still known for its traffic congestion and transaction failures.

Rescue is here Solaxy ($SOLX)the meme coin behind the world’s first Solana Layer 2 ecosystem.

The purpose of $SOLX is to base on the advantages of Solana (speed and low transaction costs) by increasing scalability and increasing higher speeds.

As an Ethereum-based token, Solaxy will bridge Solana and Ethereum, which means $Solx holders will be able to take advantage of the power of both blockchains.

This is exciting news for the crypto world and investors are paying attention. Solaxy Presale has raised $26.7 million since its launch in December.

Currently, the $1 SOLX is priced at $0.0016666 (with a 153% bonus). However, as a pre-sale, it won’t stay that low for a long time.

If you are interested in investing in something that might be a game-changer for Solana, Solaxy White Paper It’s a good starting point, $ SOLX Channel X. Our Guide to Buying $SOLX If you think this is your investment, you will be taken through the steps.

Remember to do your own research, because we are not financial advisors. That said, if there is anything to do in the past five years, it would be exciting to see the Solana blockchain store.