EOS ($EOS) has broken past the $0.80 level again in the last 24 hours after its Vaulta ($A) swap announcement on May 7.
In a blog post, Vaulta announced that it will launch a 1:1 token swap on May 14 between the old $EOS cryptocurrency and its rebranded coin, $A. Holders of the old crypto can perform the swap on the Vaulta Swap Portal or in participating centralized exchanges.
The process is also free and has no slippage, which ensures the cryptos hold their value.
The swap is part of the final stage of EOS’ rebrand to Vaulta. In mid-May, exchanges will start delisting $EOS and list $A.
Here’s what’s been happening, exactly, and how this could bode well for crypto presales like Solaxy.
From Record-Breaking ICO to Crypto Limbo
Launched in 2018, the EOS blockchain raised over $4B, making it the biggest initial coin offering. While $EOS reached an all-time high of $22.71 in April 2018, its value has since dropped significantly and stagnated below $0.80 since 2023.
For a time, EOS became a viable competitor to Ethereum, capable of handling more daily transactions (100M versus Ethereum’s 1M) at lower average fees. However, it didn’t attract as many users and developers as Ethereum, which ‘broke its wings,’ so to speak. However, the rebranding to Vaulta and the subsequent announcement of the token swap have since helped bring $EOS back into the spotlight.
And in the backdrop of EOS’ journey up, one crypto presale could be the next to take the markets by storm: Solaxy ($SOLX). Let us explain why.
Solaxy: More Potential Than EOS?
A project reminiscent of $EOS is Solaxy ($SOLX). Both aim to improve on the existing ecosystem in one way or another: EOS as a replacement for Ethereum, Solaxy as a Solana 2.0.
But given Solana’s reputation as the home of meme coins, Solaxy might have the upper hand here.
As the first-ever Solana Layer 2 blockchain, it promises to address core issues with Solana, including network congestion, failed transactions, and limited scalability.
These have plagued the blockchain for many years and have halted investor interest in $SOL. And Solaxy could prove instrumental in changing that.
Once launched, it will deliver faster and cheaper transactions, much like EOS. Additionally, it will let developers create customized dApps with its modular infrastructure. Solaxy’s scalability will also allow it to handle high transaction volumes required by meme coins and fast-moving assets on Solana.
This premise has attracted the attention of crypto investors, allowing Solaxy to raise over $33.8M to date, potentially making $SOLX one of the best crypto presales of 2025. And it still has chances to grow exponentially once it launches on centralized and decentralized exchanges.
$SOLX is Solaxy’s native token, a multi-chain token operating on both Ethereum and Solana. This lets Solaxy take advantage of Ethereum’s liquidity and infrastructure, as well as Solana’s speed and low fees, for a double shot of awesome utility.
For even more rewards, you can also stake tokens and enjoy staking rewards, which is at 119% at the moment.
While it’s still too early to tell how Solaxy will fare long term, its tokenomics show much promise. The project has devoted the biggest chunk of its 138B token supply towards development (30%).
It will also pay early supporters handsomely, as 25% of all $SOLX tokens will be allocated towards rewards.
Aside from its tokenomics, external factors, strong community support, and other factors may help this token grow exponentially in the coming years.
You can read all about this in our Solaxy price prediction article, which, by the way, predicts a 116x increase by the end of next year.
A New and Exciting Chapter Awaits $EOS and $SOLX
With $EOS and $SOLX, we see crypto slowly advance towards projects that build upon existing architecture. While EOS rebrands to Vaulta, the underlying infrastructure will remain the same, while Solaxy aims to make transactions cheaper and faster on Solana.
Investors are clearly excited about the projects, seeing how $EOS’ value rose over the last 24 hours, and $SOLX has raised over $33.8M.
But before you invest in crypto, always remember that the crypto market is highly volatile. Always do your own research and use the information in this article for educational purposes and not as investment advice.
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