Solana drew attention with fast transactions and low fees. However, increasing loads highlight scalability issues. Solaxy L2 offers solutions to these challenges.
Solana's Scaling Challenges
With the rising popularity of DeFi, NFTs, and meme coins, Solana experiences overloads leading to network delays. Though theoretically, the network can support up to 65,000 TPS, in practice, this number is much lower (2,000–4,000 TPS). Solutions like Solaxy L2 have been developed to ensure network stability.
How Solaxy L2 Works
Solaxy L2 uses an off-chain processing method, settling transactions on the main Solana network. This is based on the successful model with Ethereum. Solaxy also aims to create a Solana-Ethereum bridge to improve blockchain interoperability.
Solaxy's Future and Impact
Solaxy aims to alleviate Solana's network congestion, supporting stability for DeFi applications. With upcoming major launches and improved infrastructure, the project has the potential to significantly boost Solana's reputation in the market.
Solaxy L2 seeks to address Solana's pressing issues with scalability and network reliability. Combining meme culture with technical ambitions, Solaxy could have a significant impact on the blockchain ecosystem.
