Within a few years’ time, Solana has cemented itself as one of the top blockchains out there. It’s well known for high throughput and ultra cheap transactions. It has run into trouble, most notably with network congestion at busy times. With Ethereum getting clobbered by high transaction fees, a new...
This is definitely an interesting Solana growth story and a sign of potential future market leadership. This increase is driven by increased activity across its network and the creation of its Layer-2 solution, Solaxy. In terms of performance metrics, the network has received accolades from around the globe. Analysts think...
The Ethereum ecosystem is at a very interesting turning point. Decentralized applications and a new financial paradigm are big, wonderful ideas. Yet, exorbitant transaction fees and network congestion still remain a major challenge. To counteract this, the Ethereum Foundation has been making huge investments in Layer 2 (L2) scaling solutions....
Okay, art aficionados and virtual visionaries — now we’re diving into SOLX. The rumor mill is turning, the excitement is bubbling, and my DMs are filling up. Everyone wants to know: Is this Solana Layer-2 the magic bullet our NFTs have been waiting for, or is it just another flash...
The SOLX presale is coming to a close, exchange listings are on the horizon, and the SOLX hype machine is already warming up. MEXC Global, BitMart and Raydium all live on the launchpad, with rumors of Tier-1 exchanges taking off just over the horizon. Avoid jumping head first into what...
Solana’s remarkable growth and presence in the blockchain arena is impressive, but by no means comes without its controversies. Scalability issues and a lack of network congestion at times have been major sore spots for users and developers as well. Enter Solaxy (SOLX), a new Layer-2 solution built to bridge...
Base, the layer-2 network launched by Coinbase in August 2022, is now at “stage 1” rollup status. This milestone is a very promising step toward greater decentralization. This shift further eliminates the centralized nature of the network, getting it one step nearer to complete decentralization.The “stage 1” designation refers to...
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...
