Solana, celebrated for its fast transactions and low fees, is encountering scaling issues amid the rise of DeFi, NFTs, and memecoins. Although theoretically capable of 65,000 TPS, the network averages 2,000 to 4,000 TPS and suffers up to 50% transaction failures during peak loads. Solaxy L2 aims to address these issues by introducing a scaling layer to mitigate network strain.
Solana's Scaling Issues
Solana's scaling challenges become apparent during peak loads, such as during the TRUMP token surge in early 2025. Despite theoretical capabilities of handling up to 65,000 transactions per second, the network realistically handles a maximum of 4,000 TPS, leading to congestion.
Solaxy L2 Solution
Solaxy L2 offers a solution inspired by Ethereum's success, operating off-chain to manage transactions separately before batching them for mainnet confirmation. By utilizing the Solana Virtual Machine (SVM) within a zero-knowledge virtual machine (zkVM), Solaxy alleviates validator load while maintaining security.
Market Context and Future Plans
Solaxy's market offerings are vast. Its future plans include completing the presale, conducting the TGE, launching the full L2 mainnet, and onboarding dApps. As DeFi TVL reached $12 billion by February 2025, Solaxy is positioned as a potential solution to mitigate transaction failures during peak demand. The forthcoming developments are expected to play a crucial role in Solana's ecosystem growth.
Solaxy L2 could be a vital component in addressing Solana's scaling issues. By reducing congestion and transaction failures, Solaxy preserves the network's speed and reliability, making it attractive to developers, investors, and end users.
