Solana’s Layer 2 Race: Pepeto vs. Solaxy in the Memecoin Supremacy Battle

As the cryptocurrency market continues to evolve, the competition between memecoins on Solana’s blockchain heats up. Pepeto and Solaxy are vying for dominance, each with unique value propositions. While Solaxy claims to be Solana’s first Layer 2 solution, its long-term viability is questioned due to the blockchain’s already efficient infrastructure. Meanwhile, Pepeto combines meme appeal with real utility, positioning itself as a strong contender in this space. With SOL trading at 183.80000000 USDT, investors are closely watching these developments unfold.

Pepeto and Solaxy Vie for Memecoin Supremacy Amid Layer 2 Debate

Solaxy’s positioning as Solana’s first LAYER 2 solution faces skepticism given the blockchain’s inherent speed and low costs. While the project may deliver short-term gains—potentially up to 5x—its long-term value proposition remains uncertain without addressing clear network pain points.

Pepeto emerges as a dark horse, combining meme virality with substantive utility. Unlike typical joke coins, it’s developing tangible tools and narrative depth, attracting growing attention from traders seeking projects with both HYPE and fundamentals.

Solana Community Gathers for Accelerate Conference Amid Shifting Expectations

The solana community convened at New York’s Pier 36 for the Accelerate conference, marking a palpable shift in sentiment from six months prior. Long-held assumptions about the network’s technological capabilities and investment potential are being reevaluated.

Firedancer, the highly anticipated Jump-developed client once hailed as a game-changer for Solana’s scalability, has seen muted impact. Initial expectations of achieving one million transactions per second now appear overstated. The partial implementation, Frankendancer, remains underutilized with just 5% of Solana’s stake currently running on the client.

Solana Mobile’s Seeker Ships Aug 4: $67M Preorders and a New Web3 Era

Solana Mobile’s Seeker device, set to begin global shipping on August 4, 2025, has already secured 150,000 pre-orders at $500 each, translating to an estimated $67.5 million in revenue. The device marks a strategic pivot with the introduction of TEEPIN, a decentralized infrastructure, and its native token SKR.

Building on the success of its predecessor, the Saga, the Seeker redefines smartphone ownership by integrating Web3 capabilities. It serves not just as a communication tool but as a gateway to decentralized ecosystems, reinforcing Solana Mobile’s influence in the market.

Kraken to Offer Tokenized U.S. Stocks and ETFs on Solana Blockchain

Kraken, the global cryptocurrency exchange, is making a bold move into traditional finance by introducing tokenized versions of U.S. stocks and ETFs for non-U.S. clients. This initiative, powered by Backed’s xStocks and built on the Solana blockchain, aims to provide 24/7, borderless access to American equities.

The tokenized assets will be issued as SPL tokens on Solana, enabling trading on Kraken’s platform and on-chain via compatible wallets. This innovation allows users to leverage xStocks as collateral in ways not possible through traditional financial systems.

"We’re reimagining equities investing," Kraken stated, signaling a potential shift in how global investors access U.S. markets. The Solana blockchain’s efficiency positions this offering as a direct challenge to legacy finance infrastructure.