Solaxy Presale Hits $32.4M as Solana's Layer 2 Solution Gains Traction

Solaxy, Solana's first Layer 2 solution, is designed to reduce traffic on Solana's mainnet and enhance its existing strengths. The presale is already $32.4 million, with more than 9.2 billion $SOLX tokens staked by investors. This launch is another important step towards enabling Solana to be even more scalable, allowing it to better serve more users and higher demand.

Addressing Solana's Scalability

Solana is often touted as one of the blockchains that supports thousands of transactions per second and handles network traffic like a high-end car. Solaxy brings even more capacity to Solana to meet even greater demand. Solaxy's platform achieves 140 KB/s of data availability on Solana's mainnet. Solaxy’s goal is to develop the most versatile Layer-2 solution tailor-made for Solana. In short, this will help the network absorb more growth while still delivering speed and efficiency.

Solana aims to achieve 10,000 transactions per second with future upgrades. With Solaxy supercharging Solana’s core strengths, the network has all the resources necessary to continue thriving as its ecosystem continues to grow.

Comparing Solaxy to Ethereum's Layer 2 Solutions

Ethereum’s burgeoning Layer 2 solutions, like Arbitrum, have proven the promise of L2 technologies to increase network efficiency and output. These solutions address speed and fee issues. Solaxy works differently than Arbitrum. While Arbitrum focuses on resolving Ethereum's specific challenges, Solaxy is designed to complement Solana's existing infrastructure and augment its capacity.

Solaxy is specifically designed to maximize the potential of Solana to scale even further to process ever growing amounts of transactions and data. This targeted approach optimizes Solana's strengths.

Investor Confidence and Market Impact

Investors see Solaxy as an important step forward in allowing Solana to stay ahead of its continued explosive growth. Louverture’s project presale is breaking records! The token raised $32.4 million and has had more than 9.2 billion $SOLX tokens staked, a true testament of confidence in what’s to come.

Solaxy's success could potentially drive both SOL, Solana's native token, and SOLX, Solaxy's token, to new all-time highs. This bullishness is indicative of an optimistic market for the improving scalability and performance potential of the Solana network.