On-chain, Solana currently does about 6,500 TPS. This month, it has climbed up to be the second strongest blockchain by users with more than 80 million users. Though Solana generally handles even the highest traffic scenarios smoothly, sudden user surges can still cause temporary slowdowns and transaction errors. Solaxy is playing an important role in addressing congestion concerns. To ensure their network stays nimble and efficient, even under the heaviest loads, they are working on a layer-2 solution. To date, the project has already deployed its test network on April 19, achieving a remarkable one million transactions.

Addressing Solana's Congestion Challenges

Because of this, Solana’s capacity to process a high volume of transactions has attracted developers and users to its blockchain. But even this network gets congested from time to time, causing slower transaction speeds and transactions to fail. Solaxy’s layer-2 solution is purpose-built to address these challenges. It injects additional computational capacity into the network, maintaining performance and efficiency even at maximum demand.

Solaxy takes care of this issue by creating a parallel network that mitigates half the transaction load. This method alleviates pressure on the primary Solana chain. This layer-2 solution increases the transaction speeds by 100x. Further, it guarantees higher user experience as it reduces wait times and avoids transaction rejections.

The implementation of Solaxy's layer-2 solution represents a significant step forward in addressing Solana's scalability challenges. Solaxy is creating a smarter and tougher network altogether. This will further cement Solana as the go-to blockchain for developers to grow and innovate.

Solaxy's Performance and Goals

At launch, Solaxy was designed to handle at least 16 TPS. More recently, it’s been shooting for the stars with a goal to achieve 10,000 TPS. This ambitious goal reflects the project's commitment to significantly improving Solana's transaction processing capabilities. The layer-2 solution is equipped with a native bridge. It’s the bridge you can use to move your tokens back and forth between the Solana network and Solaxy — all from a single wallet.

Solaxy Takes Solana to the Next Level with Layer-2 Upgrade - Solaxy Twitter and Austin Hilton YouTube Channel

As a native bridge, this connector deepens the user experience. It enables users to instantly and seamlessly move assets across the two networks, cutting out the complicated and lengthy processes associated with bridging. Solaxy’s solution is particularly exciting because it has much greater interoperability–a must-have feature. This innovative design promotes more use of and value for the Solana blockchain.

Token Allocation and Staking Rewards

Solaxy’s token distribution includes significant allocations for gaming development, advertising and marketing, game influencer development, and community incentives. We already set aside 10% of all Solaxy tokens to get $SOLX listed. This will enable us to sustain good depth on all leading DEXs and CEXs (DECs & CEXs). Then we will use an extra 20% of the tokens to create the project’s treasury. This will provide a strong fiscal platform for subsequent economic development efforts. 15% of the tokens are allocated to funding our marketing initiatives to raise Solaxy’s awareness and adoption. All this means that a full thirty percent of these newly available tokens will be used to spur more innovation. This will allow our project to remain at the forefront of blockchain technology.

At present, more than 9 billion $SOLX tokens are staked, a major sign of the community’s commitment and confidence in the project. Staked $SOLX tokens come with an attractive 127% APY across three years. This rewarding mechanism incentivizes users to be directly involved in the short-term and long-term growth and stability of the network.

Solaxy Presale Heats Up with $31.8M Raised and Big Rewards for Early Investors - Solaxy Twitter and Austin Hilton YouTube Channel