Solana, known for its fast transactions and low fees, faces scaling challenges. Solaxy L2 steps in, offering solutions to extend the network's capabilities.
Technical Features of Solaxy L2
Solaxy L2 is a Layer-2 solution designed to reduce Solana's network congestion. It applies off-chain processing of transactions, with subsequent settlement on the mainnet, echoing Ethereum's strategies. Solaxy uses rollup technology and a zero-knowledge virtual machine (zkVM), reducing the load on validators while maintaining security.
The Role of the $SOLX Token
The $SOLX token underpins Solaxy's growth. A presale raised $26 million, indicating strong interest. Its economic model allocates tokens to development, rewards, and marketing, supporting the project's long-term growth.
Market Prospects and Future Development
Solana's ecosystem needs enhancements for sustained DeFi growth. Solaxy could reduce transaction failures, strengthen operation reliability, and increase the network's overall appeal. Plans include mainnet launch, listing, and dApp onboarding, targeting the second half of 2025.
Solaxy L2 represents a significant step in enhancing the Solana ecosystem. Addressing scalability issues will increase the network's potential, though it faces competition from other Layer-2 solutions.
