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Solaxy L2: A Scaling Solution for Solana's Network Struggles

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by Giorgi Kostiuk

4 hours ago

Solana gained fame for fast transactions and low fees, but high demand exposed scalability issues. Solaxy L2 offers a solution.

Solana's Scalability Challenges

With the rise of DeFi, NFTs, and meme tokens, Solana's network faced congestion. Its average throughput is 2,000-4,000 TPS, while the theoretical peak is up to 65,000 TPS. During peak times, transaction failure rates can reach up to 50% due to spam and validator bottlenecks.

What is Solaxy L2?

Solaxy L2 is a Layer-2 solution aimed at easing Solana's network congestion. Inspired by Ethereum's success, it uses rollup technology to process transactions off-chain and then confirm them collectively.

Solaxy employs the Solana Virtual Machine combined with Zero-Knowledge Virtual Machine to reduce validator load.

Market Context and Potential Impact

Solana's DeFi TVL reached $12 billion by February 2025, but network congestion threatens growth. Solaxy could enhance DeFi operations' reliability and strengthen the Solana ecosystem's appeal.

Solaxy L2 represents a significant attempt to enhance Solana. If successful in addressing scalability, it could lead among Layer-2 solutions.

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