Berachain’s (BERA) mainnet launch has made headlines – with BERA defying early expectations after hitting the open market.
But while all eyes are on BERA’s breakout, another project is gaining traction under the radar: Solaxy (SOLX).
This new Layer-2 solution for Solana has raised over $18.5 million in its ICO.
Berachain has been one of the biggest crypto launches of early 2025.
Most of the excitement is around its “Proof-of-Liquidity” model.
Instead of relying on staking or mining like most blockchains, Berachain rewards users for providing liquidity.
This approach is designed to tackle the issues that have long plagued DeFi.
Berachain’s ecosystem has a three-token setup: BERA for gas fees, BGT for governance, and HONEY, its native stablecoin.
This structure helps balance the network, letting users contribute to security while earning rewards for adding liquidity.
Yesterday’s mainnet launch proved just how much momentum Berachain has.
The team airdropped 80 million BERA tokens – worth over $632 million at the time – to community members.
Major CEXs like Binance and OKX wasted no time listing the token.
Trading volume rocketed as BERA’s fully diluted market cap briefly hit $7 billion before dropping.
BERA is now hovering around the $7.30 level at the time of writing.
BERA soared to nearly $15 right after launch.
But like most hyped-up token debuts, volatility didn’t take long to kick in.
A sharp sell-off has cut the token’s price by more than half as early holders took profits and trading activity settled into a more natural rhythm.
Even with that dip, BERA is still performing well.
It’s trading over 630% above its initial $1 value, showing that investors see long-term potential in Berachain’s vision.
Berachain going live is truly just the start.
Jobs not finished. It’s only begun.
Keep fading.
— Noah Miller (@iamnoahmiller) February 7, 2025
With only 107 million tokens circulating out of a total 500 million supply – and trading volumes higher than Dogecoin’s – BERA has quickly cemented itself as a serious player in the crypto market.
Looking ahead, many analysts are bullish.
Popular trader @ChristiaanDeFi highlighted Berachain’s bullish technicals and predicted BERA would rally back above the $10 mark.
Fellow trader @iamnoahmiller believes Berachain going live is “only the start.”
These endorsements carry weight, especially given that over 270 projects have already committed to building on the network.
It’s a project many are watching, with hopes that it sustains all the early hype.
Berachain dominates the headlines, but a newer project is also gaining traction.
Solaxy, Solana’s first Layer-2 scaling solution, has now raised $18.5 million in its ICO – drawing comparisons to Berachain’s early momentum.
Just like Berachain’s Proof-of-Liquidity model tackles liquidity issues, Solaxy is taking on a major pain point: Solana’s network congestion and high fees during peak trading.
It promises faster speeds and lower costs by processing transactions off-chain before settling them on Solana’s mainnet.
These benefits will be especially useful when Solana meme coin trading ramps up.
And investors are taking notice.
Solaxy’s ICO has been raising around $500,000 every day, and its staking protocol has already seen over 5.2 billion SOLX locked up.
This protocol currently offers yields of 218% per year, far higher than the market average.
With plans to bridge Solana and Ethereum, Solaxy is setting itself up as a key infrastructure player in 2025.
The experts at 99Bitcoins think this setup could result in 100x gains for early SOLX investors.
This bullish forecast and the strong roadmap paint a promising picture for Solaxy.
Berachain might be getting all the attention right now – but this Layer-2 project could be next in line for a breakout.
Visit Solaxy Presale
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