Since its launch, Solana promised a blockchain revolution, but its popularity has highlighted scaling challenges. Solaxy L2 offers new solutions to overcome these difficulties.
The Solana Scaling Challenge
Solana gained attention for its speed and low fees, making it a competitor to Ethereum. However, the rise in demand driven by DeFi projects, NFTs, and meme coins has shown the limits of its throughput. Under real-world conditions, the network handles 2,000–4,000 TPS, while the theoretical peak of 65,000 TPS remains out of reach.
How Solaxy L2 Works
Solaxy L2 provides an innovative approach to offloading the mainnet, managing transactions off-chain and settling them in batches on the mainnet. Using rollup technology and zkVM, Solaxy reduces the load on validator nodes while maintaining security. Notably, Solaxy is building a bridge between Solana and Ethereum with Hyperlane support.
The $SOLX Ecosystem and Its Potential
The $SOLX token becomes the heart of the Solaxy ecosystem. Its economic model attracts participants, and during the presale, $26 million has been raised. A total of 138,046,000,000 $SOLX will be issued, its distribution supporting project development, marketing, and exchange liquidity. The innovative presale staking program offers a 159% APY.
Solaxy L2 is poised to be an important addition to the Solana ecosystem, offering significant network load reduction through its technology. If successfully implemented, it may lead the race of L2 solutions for Solana, despite competition from Solayer and others.
