MemeStrategy’s strategic investment in Solana signals growing institutional interest in Layer-1 alternatives to Ethereum, but as the blockchain gains adoption, the pressure to scale intensifies, and Layer-2 project Solaxy may be the key to solving it.
This week, MemeStrategy – Asia’s first publicly traded cryptocurrency company – disclosed its open-market acquisition of 2,440 Solana tokens, valued at approximately $377,000. While the headline figure may appear modest, the implications are not.
The Hong Kong-based firm, founded by the creators of 9GAG, becomes the first listed company in Asia to stake a treasury position in SOL. The move follows a growing trend among institutional investors and reflects increasing faith in Solana’s utility beyond speculative meme coin trading.
Speaking on the decision, MemeStrategy CEO Chen Zhancheng stated:
“The company’s strategic purchase reflects our high recognition of Solana’s long-term potential. It is widely used in decentralised platforms, RWA tokenisation and AI-powered Web3 apps.”
The acquisition was made via OSL Group – a licensed trading and custody platform – indicating that this wasn’t a speculative punt but a calculated, compliance-conscious play.
However, the question remains: with Solana’s core protocol showing signs of congestion under growing demand, is the infrastructure truly ready for enterprise-grade adoption?
Solana Is Maturing, but Can it Scale?
Solana has spent much of 2025 carving out a unique role in the blockchain ecosystem. Once dismissed as a high-risk, low-decentralisation alternative to Ethereum, it is now the foundation for dozens of retail, institutional, and community-driven use cases.
From the rise of meme token platform Pump.fun to the emergence of Solana-native exchanges like Byreal, the network is showing impressive developer activity. Notably, Bybit’s Q3 launch of a high-performance Solana DEX is expected to unify CEX-grade liquidity with DeFi-native transparency.
Yet for all this progress, one obstacle remains constant: scalability.
Solana’s high throughput is a core advantage, but one increasingly strained as adoption grows. The protocol has faced outages, transaction backlogs, and latency issues, particularly during token launches or times of network-wide activity.
This is where Solaxy comes into play.
Solaxy: Solana’s Layer-2 Scalability Solution
Solaxy ($SOLX), currently completing its $53.8 million presale, proposes a timely and much-needed Layer 2 framework for the Solana ecosystem. Where Ethereum has seen a proliferation of rollups and off-chain scaling, Solana has, until now, lacked a dedicated Layer 2 architecture.
Solaxy changes that.
Built with multi-chain compatibility and a modular scaling architecture, Solaxy enables transaction execution off-chain, with final settlement anchored to Solana’s Layer 1 base. This dramatically reduces network congestion while maintaining Solana’s speed and low fees.
Its testnet bridge and block explorer are already live, and the full mainnet launch is expected soon. According to developers, the ultimate goal is to allow projects to deploy rollups and DeFi applications on Solaxy with minimal friction, extending Solana’s viability for real-world usage.
In effect, Solaxy does for Solana what Arbitrum and Optimism have done for Ethereum – but adapted to Solana’s unique architecture.
Why MemeStrategy’s Timing Matters
MemeStrategy’s purchase doesn’t exist in isolation. It reflects a growing institutional appetite for alternatives to Bitcoin and Ethereum. With Grayscale, VanEck, and Franklin Templeton all pursuing Solana ETFs and US ETF approval odds rising to 90%, Solana is being recognised not just as a meme coin launchpad, but as a scalable Layer-1 with real-world potential.
However, scaling isn’t automatic. Ethereum didn’t achieve Layer-2 traction overnight, and Solana, despite its performance edge, needs similar infrastructure to support its next growth phase.
That’s what makes the timing of Solaxy so significant.
With the SOLX presale now closed and tokens set to unlock June 23, Solaxy could become a key part of the Solana investment thesis. As major players like MemeStrategy allocate capital to SOL, they may soon require the very infrastructure Solaxy is preparing to deliver.
Scalability as an Investment Thesis
The theme is becoming clear: scalability is no longer a concern exclusive to developers. It’s now central to investment strategies.
Bybit’s upcoming Solana DEX, the ETF filings, and MemeStrategy’s strategic reserve – all point to a common assumption: Solana is ready to serve as more than a retail-friendly chain, but the risk of congestion, failed transactions, and low throughput during peak usage could still deter institutional developers.
That’s where Solaxy becomes more than a presale success story. It becomes infrastructure.
Notably, Solaxy’s approach is informed by both Ethereum-style rollups and Solana-native performance standards. Its roadmap includes staking, token burns, and inter-chain liquidity support, with functionality focused on enabling projects to scale without sacrificing security.
What’s Next for Solana?
Solana’s year-to-date performance has been volatile. Despite SOL briefly jumping 6.6% to over $157 before dropping again, its long-term price movement has been flat over the past month. Still, compared to broader market sentiment, the ecosystem’s traction tells a more optimistic story.
With more publicly traded companies considering SOL for treasury diversification and ETFs potentially adding institutional flows, the pressure is mounting for Solana to deliver consistency under scale.
Solaxy may not have the name recognition of Layer-2s on Ethereum – yet. Still, if it succeeds in providing a seamless Layer-2 experience for Solana, it could become one of the blockchain’s defining infrastructure plays.
Solana’s Strategic Maturity Meets Scalability Demands
MemeStrategy’s investment marks more than a public show of confidence in Solana – it underscores how Layer-1 blockchains are evolving under institutional scrutiny.
As SOL adoption widens, scalability will become a non-negotiable requirement. Projects like Solaxy – with real engineering, presale momentum, and compatibility – may be what prevents Solana from becoming a victim of its success.
SOLAXY’S TOKEN UNLOCK BEGINS JUNE 23 – LEARN MORE
Solana no longer lives in Ethereum’s shadow, but to stay ahead, it must learn the same lessons – and Layer-2 scalability is the most important one.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are volatile and carry risks. Always conduct your research before making any financial decisions.
