Solana faces scalability issues due to high demand, paving the way for Layer-2 solutions like Solaxy L2 to enhance network capacity.
Solana's Scalability Challenges
Solana quickly gained popularity with its fast transactions and low fees. However, the network experiences congestion during peak times, like during the TRUMP token surge in early 2025. Solana's average throughput ranges from 2,000 to 4,000 TPS, far from the theoretical peak of 65,000 TPS, necessitating improvements in scalability.
Opportunities with Solaxy L2
Solaxy L2 acts as an off-chain layer, processing transactions separately before settling them on the mainnet. Utilizing the Solana Virtual Machine and zkVM, Solaxy bundles numerous transactions into compact entries, reducing validator load. Additionally, Solaxy is developing a Solana-Ethereum bridge, potentially linking Solana's speed with Ethereum's liquidity.
Market Context and Future Outlook
The emergence of Solaxy L2 could reshape the DeFi landscape on Solana, where TVL reached $12 billion by February 2025. Solaxy plans for a major network deployment, including dApp onboarding and scalability refinements. Successful execution is expected to bolster the appeal of Solana's ecosystem.
Solaxy L2 offers a strategic solution to expanding Solana's capabilities. It's not just technical innovation but an effort to integrate meme culture elements, reflecting the dynamic growth of the cryptocurrency sector.
