This new Solana Layer-2 solution has just crossed the $3.5 million milestone during its presale – how high can it go in 2025?
Solaxy ($SOLX), the new Solana Layer-2 solution is very trendy with a $3.5 million presale just a few days after its launch.
What sets Solaxy apart is its status as the first-ever Layer 2 protocol on the Solana blockchain.
This means it could solve major issues like network congestion, transaction failures, and scalability bottlenecks, making Solana even more efficient and user-friendly for merchants and developers.
Let’s break down what Solaxy is and check out all the details.
Solana’s popularity has led to serious problems – Solaxy could offer a solution
Solana’s popularity has become a double-edged sword – and the Solaxy token presale might just be the solution traders have been waiting for.
In recent years, Solana has gained a reputation as the go-to platform for launching meme coins, thanks to its ability to handle more transactions at a lower cost. compared to Ethereum. It’s faster, cheaper, and gives developers a more efficient blockchain experience.
However, this very success created problems.
With thousands of meme coins launching daily on the Solana network, often through no-code platforms like Pump.fun, the chain has faced challenges such as network strain and inefficiency.
This is where Solaxy could come in handy.
Solaxy ($SOLX) not only solves Solana’s scalability issues, but it also goes further by connecting two of the most influential blockchains in the space – Ethereum and Solana.
By connecting these two ecosystems, Solaxy could create a multi-chain powerhouse that opens up new opportunities for developers and traders.
Solaxy brings multi-chain capabilities and leverages Solana and Ethereum features
Rather than being just another application on Solana, Solaxy introduces an entirely new application layer, designed to deliver not only faster speeds and lower costs, but also seamless access to liquidity and security. Ethereum’s DeFi ecosystem.
Ethereum, despite its challenges,remains the dominant force in crypto and hosts the majority of DeFi and commercial activities.
By making $SOLX a multi-chain token, Solaxy leverages the best of both blockchains. It allows users and activities to flow between Solana and Ethereum, effectively connecting two of the most powerful ecosystems in the industry.
Layer 2 solutions have gained momentum on Ethereum, especially since its move from proof of work to proof of stake. Although Ethereum’s upgrades have improved efficiency, they have not completely resolved its scaling issues, leaving room for multi-chain solutions like Solaxy.
During this time, Solana has gradually built its reputation as a profitable and successful blockchain.
While it’s not quite the “Ethereum killer” some expected, it has made improvements, especially as Ethereum faces ongoing scaling and processing issues. costs.
However, Solana is not without limitations, and that is precisely where Solaxy comes in: bridging the gap, closing the gaps, and enabling new possibilities for both ecosystems.
Solana struggles with congestion and spammy transactions, but Solaxy could solve these problems
One of the main sources of congestion on Solana is the widespread issuance of meme coins, which triggers a flood of spam transactions.
These transactions, often sent by bots, attempt to sneak into blocks through the shortest queues, but the majority fail to execute and clog the network in the process.
However, meme coins aren’t the only culprit. Some applications, like the ORE game, which mimics proof-of-work mining to distribute airdrops, have also contributed significantly.
At one point, ORE players were consuming up to 16% of Solana’s network capacity. These problems are compounded by the large number of failed transactions: reports show that at least25% of Solana transactions failwith a staggering 70% of non-voting transactions failing during certain periods.
Solana developers are actively working to resolve these issues. The implementation of the QUIC protocol has already improved reliability, and Jump Crypto’s upcoming Firedancer upgrade is expected to improve transaction throughput.
However, these improvements alone are not enough to fully address scalability issues.
That’s where Layer 2 solutions like Solaxy come in. Solaxy doesn’t just complement Solana’s ongoing upgrades: it provides an immediate, scalable solution to network limitations.
Final words
Solaxy could upgrade the Solana ecosystem by addressing its most pressing issues, including spam transactions, congestion, and scalability issues.
It is designed to be the first-ever Solana Layer 2 and improves speed and reliability while bridging the gap between Solana and Ethereum, combining the best features of both blockchains.
With staking rewards, a multi-chain approach, and solutions to persistent network issues, Solaxy is a project that might be worth checking out when preparing for listings.
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.