Solaxy, a Layer 2 solution for Solana, is rapidly gaining prominence as it addresses the network's scalability challenges and aligns with the Securities and Exchange Commission's (SEC) vision for a tokenized capital market. With Solana experiencing significant growth, including an $88 billion valuation, 82 million active users, and $20 billion...
Solana. Remember the hype? The speed? The promise? Then, the outages, then the congestion and then the rumors of unreliability. That was like having a Formula 1 car line up for the race and then never quite getting off the starting line. What if I told you Solana's about to...
Okay, fam, gather 'round. Auntie Sokha’s here and she has some choice words for you all. We’re referring to what amounts to the Ethereum Foundation’s $32 million dollar bet on Layer 2s. Thirty-two million! That’s a whole heck of a lot of pixelated apes you could purchase with that substantial...
Solaxy, Solana’s first Layer 2 solution, has recently received a lot of attention raising $34.2 million in its presale. The purpose of the initiative is to make Solana an even better and more scalable technology, with increased transaction speeds and fee structures. This latest development goes a long way in...
Okay, fam, let's be real. The NFT landscape is changing more quickly than your grandmother can learn TikTok. And just like fashion, what was in last season is out… well, out last season. We're talking about sidechains. Yeah, those sidechains.Remember when sidechains were all the rage? Like, "OMG, Polygon's gonna...
Let’s face it, the blockchain ecosystem is filled with hype. And yet every other day it seems there’s another “revolutionary” solution that’s going to do all the heavy lifting for us. When it comes to scaling, we need to cut through the noise and ask: what actually works? If you’ve...
Blockchain technology, while revolutionary, faces a significant hurdle: scalability. As more users and applications flock to the network, transaction speeds grind to a halt and fees shoot through the roof. This is where sidechains and Layer 2 solutions enter the picture, providing parallel yet distinct approaches to address these obstacles....
As the Ethereum network reached its limits, Layer 2 solutions quickly emerged as the most popular scaling option for blockchains. They offer safe and effective connections to existing networks. Layer 2 solutions extend the capabilities of a Layer 1 blockchain. By employing this strategy, they are able to take advantage...
$32 million. That's the headline figure from the Ethereum Foundation's latest Ecosystem Support Program (EFESP). A significant chunk of change, no doubt. Across the vastly emerging Layer 2 (L2) landscape, we witness fortunes being made and lost at a pace rarely heard of or seen. So, is this a winning...
The Ethereum Foundation is understandably doubling down on its commitment to securing a long-term, scalable, sustainable, and secure future for the Ethereum network. By Q1 2025, a significant investment of $32.65 million will support 32 diverse projects in seven core areas. All in all, this move solidifies their strong commitment...
