Solana's performance in 2024 has surpassed Ethereum, solidifying its position in the Layer 1 blockchain space. However, network congestion caused by spam transactions has raised concerns about Solana's scalability. Solaxy, a new Layer 2 protocol, aims to solve these issues by offering a faster and more efficient network. The project has already raised over $2 million in its presale and offers a dynamic APY of up to 1,680% for early stakers. Solaxy also bridges the gap between Solana and Ethereum, leveraging Ethereum's liquidity and security to create a powerful multi-chain solution.
Solana has showcased remarkable performance throughout 2024, outpacing Ethereum by over 50% in year-to-date gains. This solidified SOL’s position in the Layer 1 blockchain club. However, with its high throughput being stunted by spam transitions and network congestion , many started questioning the future of Solana . Among the emerging projects leading the charge to help Solana is Solaxy , the first-ever Solana Layer 2 protocol.
, the first-ever Layer 2 protocol built for Solana, provides a powerful solution for this problem. It’s building an express lane on the Solana highway, where priority traffic can move freely without being impacted by the congestion on the main road. Solaxy aims to take on a large portion of the transaction load, reducing congestion and ensuring that legitimate transactions are processed quickly and efficiently.
As the first-ever Layer 2 solution for Solana, Solaxy is uniquely positioned to follow in their footsteps. Its multi-chain compatibility with both Solana and Ethereum further enhances its potential, extending its use case and increasing its appeal to both developers and investors. Fund wallet: Top up the wallet with $BNB, $ETH, or $SOL—three of the most active blockchain tokens supported by the presale. Alternatively, users can also purchase $SOLX directly using a credit or debit card.Alternative – users can use Best Wallet for a seamless experience: to invest in Solaxy from the comfort of their own wallet, they can open Best Wallet and head to the “Upcoming Tokens” section. Tokens bought via Best Wallet will be automatically credited ahead of the official claim date.
Solana Layer 2 Blockchain Solaxy Cryptocurrency Network Congestion Ethereum
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