Solana, known for its fast transactions and low fees, faces congestion issues, especially during peak demands. Solaxy L2 promises to address these shortcomings and improve the network's scalability.
Solaxy L2 Technology
Solaxy L2 is an off-chain scaling layer that processes transactions separately before settling them on the Solana mainnet. This mirrors the successful rollup approach seen in Ethereum.
The $SOLX Token and Its Economy
The $SOLX token is a pivotal component of Solaxy. Its ongoing presale has already raised $26 million, and the token's economic model supports growth with a total supply of 138 billion.
Market Context and Potential Impact
Solaxy aims to enhance Solana's ecosystem by reducing transaction failures, particularly during peak periods, which could positively impact DeFi operations.
Solaxy L2 has the potential to become a key solution for improving Solana's scalability, although it will face competition from other L2 projects.
