Solaxy Layer-2 Emerges as Solana’s Congestion Solution After TRUMP Token Chaos

Donald Trump’s official meme coin, TRUMP, drove Solana-based trading through the roof over the weekend.

This surge in activity exposed Solana’s ongoing issues with scalability.

However, a potential fix is about to launch called Solaxy (SOLX).

This new Layer-2 solution has raised over $12.8 million in presale – suggesting that many investors believe it could be the answer to Solana’s current challenges.

Solana Blockchain Struggles as Meme Coin Mania Takes Over

The Solana network faced a test this weekend as political fever took over.

Trading volume for the TRUMP and MELANIA tokens hit enormous levels, pushing the blockchain to its limits and leaving users frustrated with delayed transactions and system timeouts.

Some traders found themselves waiting up to 30 minutes for transactions to clear.

Phantom Wallet’s infrastructure also struggled under the weight of a reported 8 million requests per minute.

This isn’t Solana’s first brush with congestion issues, but the intensity of the trading brought these challenges into focus.

However, the network’s SOL token actually thrived amid all the chaos.

It climbed as high as $295 on Sunday, yet this didn’t stop all the discussion about how Solana needs a better way to handle trading spikes.

Enter Solaxy – Solana’s first Layer-2 scaling solution.

It processes transactions off-chain before bundling them back to the main network.

This approach promises to reduce congestion while keeping costs low, precisely what traders wished they had seen during the weekend’s meme coin frenzy.

Inside Solaxy’s Plan for a Smoother & Faster Solana Ecosystem

While solving congestion is Solaxy’s main focus, its ecosystem goes beyond just scaling.

It also includes a bridge to the Ethereum blockchain, a staking app, and carefully balanced tokenomics designed to create a sustainable Layer-2 network.

Solaxy’s bridge to Ethereum is a key feature.

By connecting these two major blockchains, traders can tap into Ethereum’s liquidity pools while enjoying Solana’s speed.

The bridge lets users smoothly move assets between chains, opening up arbitrage and yield farming opportunities.

Then there’s Solaxy’s built-in staking app.

SOLX token holders can stake to earn rewards, with rates currently estimated at 293% per year.

While this rate will drop as more tokens are staked, it offers early supporters a clear reason to lock in their positions.

Some experts think Solaxy has enormous appeal – even claiming that the SOLX token could pump after it hits exchanges.

SOLX Presale Passes $12M as Investors Race for Discounted Tokens

Solaxy has been warmly received by the crypto community.

The project’s presale, which began in December, is hitting milestones nearly every day – over $12.8 million has been raised.

With SOLX tokens priced at $0.001608, early investors are rushing to get involved while they can.

Solaxy’s online presence tells a similar story of rapid growth.

The project has nearly 65,000 followers across Twitter and Telegram, where community members actively discuss development updates and the SOLX token’s price prospects.

And the timing of all this couldn’t be better.

The recent network congestion caused by TRUMP and MELANIA trading highlighted exactly why Solana needs a Layer-2 solution, and Solaxy is well-placed to deliver.

Plus, given Solaxy’s meme-themed aesthetic, it’s still appealing to the same crowd that was behind the weekend’s meme coin rally.

That could give it an extra boost when it officially launches.

All in all, things are looking promising for this new Layer-2 project.

If the development team keeps its promises and the community stays hyped, Solaxy could be revolutionary for the Solana blockchain.

Visit Solaxy Presale

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