Solaxy, an upcoming layer-2 project on Solana has taken the crypto market by storm. It went on to raise a successful $32 million in presale funding! The goal of the project is to alleviate some of Solana’s most consistent bottlenecks, while offloading increased transactions onto an off-chain, trust-minimized system. This...
Solana has made a name for itself with its speed and low transaction costs, but it's faced challenges with congestion during peak usage. One new project, Solaxy ($SOLX), is making big moves to address these issues directly. It is on a mission to prove itself as the top Layer-2 scaling...
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...
As such, Solaxy is quickly making its mark as a high-demand meme coin and an emerging project to keep watching amid the market’s continued evolution. Unlike that new puppy you might adopt, Solaxy does have the fun allure of a meme coin. It uniquely is the first Layer-2 solution developed...
