Ethereum has been struggling, and the ByBit hack that drained over $1.5 billion in ETH didn’t help. Even though ByBit managed to recover more than 83% of its reserves, ETH is still slipping, now trading below $2,500.
That’s got investors nervous, and a lot of ETH holders are looking for a way out. Some are betting on Solana (SOL) as a safer play, even with its ongoing congestion issues.
The good news? A new Layer 2 solution called Solaxy ($SOLX) could help fix those problems, making Solana faster and cheaper to use.
So, does ETH have a comeback in it, or is the Solana-Solaxy combo the smarter move for bigger returns? Let’s take a look.
Ethereum Struggles as $100B Wiped from Crypto Market – Can ETH Bounce Back?
Ethereum has been getting hammered, dropping over 22% this past month as the crypto market lost a staggering $100 billion.
Even before the ByBit hack that drained over $1.5 billion in ETH, things weren’t looking great. ByBit has since recovered 84% of its reserves, but ETH is still stuck under $2,900, struggling to gain momentum.
The technicals don’t look promising either. The RSI just fell from 63.2 to 43, showing a shift toward bearish momentum and weaker buying interest. At the same time, Ethereum’s DMI indicates rising selling pressure, suggesting the downtrend isn’t over yet.
If ETH can’t break past $2,523, there’s a real chance it could slide to $2,300—or even lower at $2,159. But if sentiment flips and ByBit fully restores its reserves, ETH might get another shot at $3,020 and beyond.
With investors exploring other options like Solana and new Layer 2 solutions, the big question is—does ETH have a comeback in it, or is there more pain ahead?
Solaxy – Solana’s First Big Layer-2 Solution
Solana is known for being fast and cheap, which is why it’s become the go-to blockchain for meme coins and high-frequency trading. But as more people jump in, the network keeps running into congestion issues.
Last year, during the meme coin craze, nearly 75% of non-vote transactions failed because the network was overloaded. Solana made upgrades, but the same problem popped up again when Donald Trump’s meme coin launched. Clearly, scalability is still a major issue.
That’s where Solaxy ($SOLX) comes in. Solana never really needed a Layer-2 before, but now it does. Solaxy is stepping in to fix the network’s biggest problem—scalability.
Using zero-knowledge roll-ups, Solaxy batches transactions off-chain, processes them faster, and then updates the Solana mainnet. That means fewer failures, faster transactions, and a smoother experience, even during peak traffic.
The tech is already close to launch. The state transition function and sequencer are finished, Celestia integration is done, and Solaxy’s zkVM (zero-knowledge Virtual Machine) now works with Solana’s Virtual Machine.
But there’s more—Solaxy is teaming up with Hyperlane to build a secure bridge between Solana and Ethereum, letting users move assets between both ecosystems easily. As more blockchains are added, Solaxy’s interoperability will only get stronger.
Right now, Solaxy is in its final testing phase and set to roll out soon. With $SOLX at the center of it all, many analysts think it’s still massively undervalued—which makes it one of the best buys in the Solana ecosystem right now.
Visit the Solaxy ($SOLX) presale now
Solaxy’s $23.5M Presale – A Big Bet on Solana’s Future
Solaxy ($SOLX) is off to a strong start, pulling in over $23.5 million in its presale with tokens priced at just $0.001646 each. That might not seem like much now, but that’s exactly why early buyers are jumping in—presales are where you can grab potentially valuable tokens before they take off.
And investors aren’t just buying—they’re staking big. More than 5 billion SOLX tokens are already locked up, with an eye-catching 172% annual return on offer. That kind of demand sends a clear signal: people believe in Solaxy and its role in Solana’s future.
The buzz is growing fast. Solaxy has already built a solid community, racking up 69,800+ followers on X, 110,000+ members on Instagram, and 8,000+ on Telegram.
And it’s not just hype—Solaxy is currently the #1 ranked ICO on the 2025 ICO Hot List, making it one of the most talked-about upcoming launches.
Visit the Solaxy ($SOLX) presale now
Final Words
Ethereum’s struggles have shaken investor confidence, with the ByBit hack and continued bearish momentum keeping ETH under pressure. While a rebound isn’t off the table, many are looking for alternative opportunities with stronger upside potential.
That’s where Solaxy comes in.
As Solana battles its own scalability issues, Solaxy’s Layer-2 solution could be a game changer, improving transaction speed and reliability. With a $23.5 million presale, strong staking demand, and growing community support, $SOLX is quickly becoming one of the most promising crypto investments of 2025.
