Solana, often compared to Ethereum, faces scaling issues. During peak demands, like the TRUMP token surge, the network experiences significant congestion. Solaxy L2 promises to address these issues, offering a new scaling layer that optimizes transactions and alleviates mainnet load.
Solaxy L2’s Technological Solution
Solaxy L2 acts as an off-chain layer that processes transactions separately before finalizing them on the mainnet. This strategy, employing rollup technology within the Solana Virtual Machine (SVM), reduces validator load while preserving network security. Solaxy aims to connect Solana and Ethereum, supporting the broad liquidity on both platforms.
$SOLX Token Features
The $SOLX token powers Solaxy's large-scale ambitions. By March 2025, the project raised $26 million in a presale, with the token priced at $0.00166. Its economic model involves 138,046,000,000 $SOLX, allocated to development, rewards, treasury, marketing, and exchange liquidity. An important part is the presale staking program, allowing early project participants to earn high yields.
Market Context and Future Prospects
Solana's ecosystem faces congestion threats, making Solaxy's intervention timely and necessary. Since early 2025, the DeFi ecosystem has shown significant growth, yet congestion remains a pressing issue. Solaxy aims to overcome these challenges by offering enhanced infrastructure, which will strengthen Solana's ecosystem's appeal. With a mainnet launch planned for Q2 or Q3 2025, Solaxy could lead among other L2 solutions for Solana.
Solaxy L2 represents a significant step to enhance Solana's ecosystem. It not only addresses scaling issues but also embraces meme culture, strengthening community ties. Successful execution of planned activities could bolster Solana’s market position.
