Market sentiment overall has gone very bullish, and the fear-greed indicator is pointing towards rising greed. The FOMC’s decision to maintain the cut rate had a particularly significant positive impact on crypto overall. On the other hand, Ethereum released its Pectra upgrade. It brings a ton of new features, more flexibility for wallets, better data handling, and big changes for staking. All this led to a 20% pump in price, and investors are seeking to buy ETH ecosystem coins.
$ETH || Send it 📈#Ethereum pic.twitter.com/jJEryEyCtF
— Christiaan (@ChristiaanDefi) May 8, 2025
DISCOVER: Top 20 Crypto to Buy in May 2025
Ethereum Crypto Ecosystem Boom or Just Temporary Hype?
This chain is considered a favorite for most whales. It earned their trust despite lacking upgrades for a long time. Most successful crypto projects are based on the Ethereum chain, though it hasn’t taken part in this cycle yet. So every time there is a decent surge, everyone gets hyperbullish again.
Looking at the ETH ecosystem coins, we can notice that four out of five top gainers are memecoins. MOG has pumped over 150% since the 5th of May and is expected to continue to do so. The same goes for good old Pepe and Floki, pumping over 30%. Pepe is likely to lead the memecoin pumps, and as long as it continues to do well, others will too. And of course, the stock market “flipoor” $SPX pumped 30%, just like the others on the daily chart.
Utility coins-wise, Ethena always pumps whenever ETH finds a breath but dumps even harder later on. The Aioz network is an interesting one. It’s been around for four years and has been surging since last month, even before Ethereum pumps.
ETH L2 ecosystems like Base and Arbitrum can do even better. Because these chains have fewer established projects, they often provide better opportunities for adventurous investors. Coins like Freysa (FAI) and Keeta (KTA) are considered excellent R/R coins. As always, do your own research (DYOR) before purchasing any cryptocurrency!
DISCOVER: Top Solana Meme Coins to Buy in May 2025
Solana’s Arbitrum Moment: First Layer 2 Raises $34 Million
The L2s for Ethereum are now considered a vital part and offer a unique experience compared to the ETH chain. And for Solana, the same might just happen. The increasing congestion on blockchains, particularly with Solana, has created a growing need for L2 networks. As we know, Solana has been facing congestion from time to time over the last few months.
The first-ever Solana Layer-2 blockchain, Solaxy, directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations.
Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike. Solaxy’s launch coincides perfectly with the renewed interest in the meme coin and the Solana ecosystem.
Solaxy is off to a hot start as a potential low-cap gem, as it can multiply over the years while offering its holders passive income. The presale raised $33.7 million out of $34.5 million. In the current presale round, $SOLX is priced at just $0.001712, and staking offers up to 119% APY. Holders who lock their $SOLX tokens can earn high passive income, and the price of the coin has the potential to multiply over time.
Presales that quickly raise funds and attract numerous investors often see gains of 5x to 10x after launch and typically earn listings on centralized exchanges. Additionally, smart whales tend to accumulate these types of projects silently. Get your position in the presale now by visiting the website.
For the latest updates on the project, connect with the SOLX community on X and Telegram.
DISCOVER: Best New Cryptocurrencies to Invest in 2025
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Key Takeaways
- Memecoins lead ETH ecosystem gains, with Pepe and Mog surging.
- ETH L2 ecosystems like Base and Arbitrum offer better growth opportunities.
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