Solaxy, the Layer-2 platform for Solana, has raised over $19 million in its presale stage. It aims to tackle Solana's network congestion issues and ensure high throughput.
Solaxy's Goals for Solana
Solaxy aims to solve Solana's network congestion issues, exacerbated by popular token launches like $TRUMP and $MELANIA. The platform processes some transactions off the mainchain, reducing network load and ensuring high transaction speed and low fees.
Solana's Growth and Solaxy's Potential
Despite global market fluctuations, Solana remains the second highest in total value locked (TVL) behind Ethereum. If Solana experiences another surge, Solaxy is poised to benefit.
Cryptocurrency Market Analysis
The cryptocurrency market is experiencing uncertainty, but Solaxy and other Layer-2 projects show potential for growth, particularly in light of advances by platforms like Arbitrum.
Solaxy's Layer-2 solution could play a crucial role in improving Solana's scalability, attracting investors and users.
