Solana, known as an Ethereum competitor, faces network congestion issues. Solaxy L2 offers solutions to enhance scalability.
Current Challenges in Solana Network
Solana promised fast transactions and low fees, but during peak times, such as the TRUMP token surge in early 2025, it exhibits delays and congestion. The average real throughput is between 2,000–4,000 TPS, while theoretically, it could reach up to 65,000 TPS. These issues highlight the need for scaling solutions.
How Solaxy L2 Works
Solaxy L2 is an off-chain layer designed to alleviate pressure on Solana's mainnet. It employs rollup technology using the Solana Virtual Machine within a zero-knowledge virtual machine to efficiently bundle transactions. This reduces validator load while maintaining security.
Market Context and Solaxy's Future
Solaxy could reshape the Solana ecosystem by reducing transaction failures during peak loads. Currently, in devnet phase, the project plans full deployment by Q3 2025. Solaxy has raised $26 million in presale, highlighting its promising prospects.
Solaxy L2 aims to solve Solana's scalability issues, improving performance without losing its platform advantages. The project also embraces its memecoin nature, reflecting current trends in the cryptocurrency sector.
