Breaking News: Solana Price Rallies 43% As BONK And This New Bitcoin Layer 2 Project are making waves

Solana’s recent 43% rally has put it back in the spotlight, following increased meme-coin activity and growing demand for DeFi applications.

BONK, one of Solana’s most popular community-driven tokens, has also seen renewed momentum.

At the same time, PlutoChain ($PLUTO) might be tackling a much bigger challenge — fixing Bitcoin’s biggest weaknesses. With instant transactions, lower fees, and seamless Ethereum compatibility, PlutoChain’s Layer-2 solution could bring real scalability to Bitcoin.

Let’s see what each project brings to the table.

Solana (SOL): A High-Throughput Blockchain for Fast Transactions and Low Fees

Solana sits at $230.39, which reflects a 2.7% increase over the past 24 hours. Trading volume remains strong at $4.97 billion, while the market cap stands at $112.12 billion.

Throughout the day, SOL has ranged between $225.21 and $239.29, which shows steady movement within this band. The circulating supply remains at 486.77 million SOL.

Solana has seen a strong rally, climbing over 5% in the daily charts, caused by growing demand for meme-coins on its network. This surge has led to higher transaction volumes and an increase in total value locked (TVL).

Solana’s TVL recently hit a two-year high, when it reached nearly 41 million SOL, a 13% jump month-over-month. At the same time, decentralized exchange (DEX) volumes on Solana surged 43% in a week.

Crypto analyst Platinum_Capital believes Solana has the potential to climb to $500–$600 or beyond in the next bull market.

Bonk (BONK) is currently priced at $0.00002579, up 9.06% in the last 24 hours. Trading volume remains high at $317.9 million.

The circulating supply stands at 77 trillion BONK tokens, which keeps it one of the most actively traded meme-coins in the market.

The RSI is at 44, which means BONK is in neutral territory but leaning slightly toward oversold conditions.

Bonk (BONK) has recently reclaimed its spot as the top meme coin on the Solana network, with its market cap reaching $2.5 billion.

A major boost came from the community-driven “BURNmas” event, where BonkDAO announced plans to burn 1.69 trillion BONK tokens.

BONK has also expanded its reach by getting listed on a major U.S. exchange, which made it more accessible to North American investors.

Crypto analyst Jack.poor predicts that BONK could reach $0.11 in 2025.

PlutoChain ($PLUTO): The Layer-2 Network That Could Make Bitcoin Faster, Cheaper, and More Efficient

Bitcoin remains the leading cryptocurrency, but it still struggles with slow transactions, high fees, and network congestion. While blockchains like Ethereum and Solana have embraced scalability improvements, Bitcoin has yet to fully evolve.

PlutoChain ($PLUTO) aims to change that by introducing a Layer-2 solution designed to boost Bitcoin’s efficiency, lower costs, and expand its usability. As a parallel network to Bitcoin, PlutoChain could help reduce congestion, cut fees, and enhance performance.

Using Layer-2 technology, it achieves block times of just two seconds, a major leap from Bitcoin’s 10-minute block time. This speed could make everyday payments and microtransactions more practical while also lowering energy consumption.

Beyond transaction efficiency, PlutoChain could expand Bitcoin’s ecosystem by introducing cross-chain compatibility. It is fully Ethereum Virtual Machine (EVM)-compatible, which could allow Ethereum-based applications — such as DeFi platforms, NFT marketplaces, and AI-driven projects — to integrate with Bitcoin.

By bridging these networks, PlutoChain could bring new functionality to Bitcoin and expand its role beyond just a store of value.

During testing, PlutoChain successfully processed 43,200 transactions in a single day without any disruptions, which proves it can handle high transaction volumes efficiently.

Security remains a top priority, which is why PlutoChain has passed through audits by SolidProof, QuillAudits, and Assure DeFi, as well as regular code reviews and stress tests. PlutoChain also embraces decentralized governance and gives the community a voice in partnerships, network upgrades, and future innovations.

With lightning-fast transactions, lower costs, and seamless cross-chain compatibility, PlutoChain has the potential to modernize Bitcoin and make it more scalable, versatile, and ready for mainstream adoption.

The Bottom Line

Solana’s impressive 43% rally, BONK’s growing community support, and expanding exchange listings have strengthened their positions in the crypto market.

However, PlutoChain ($PLUTO) might stand out as the most impactful innovation. With instant transactions, lower fees, and cross-chain integration, it has the potential to modernize Bitcoin and lead to new real-world use cases.

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Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.

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