Solana's network has faced scaling challenges, impacting its competitiveness. Solaxy L2 proposes a new solution to address these issues.
Solana's Scaling Challenges
Solana gained popularity for its fast transactions, but growth in DeFi and NFTs revealed issues. Average throughput is 2,000–4,000 TPS, while theoretical peak is up to 65,000 TPS. Transaction failure rates can reach 50% during high load periods.
Solaxy L2 Solution
Solaxy L2 offers processing transactions off the Solana mainnet and batching them for blockchain inclusion, similar to Ethereum solutions. Using Solana Virtual Machine and zkVM technology, Solaxy reduces validator load while maintaining security. Plans include creating an Ethereum bridge for increased liquidity.
Market and Future of Solaxy
Solaxy has already raised $26 million in presales. The team plans to launch major features by mid-2025, including token issuance and exchange listings. With a combination of technical achievements and market changes, Solaxy could significantly impact the Solana market.
Solaxy L2 represents a promising solution for Solana's network, aiming to overcome data flow challenges and improve scalability. The success of this project may strengthen Solana's position and facilitate its integration with other blockchains.
