Solana Layer-Two Solution Solaxy Hits $5M Presale Target in Rapid Time
Solaxy, a layer-two protocol, addresses the congestion issues plaguing the Solana blockchain by bundling offline transactions.
As the Solana network faces strain from high-frequency trading and the surging demand for meme coins, Solaxy’s solution alleviates the pressure by reducing the number of transactions processed by the mainnet.
By bundling multiple transactions into one, Solaxy restores network reliability, boosts execution speed, and reduces failed transactions. The protocol’s $SOLX token, essential for transactions and governance, has attracted significant investment, raising $4.6 million in just seven days. With crypto experts anticipating a 10X gain post-listing, Solaxy is poised to reshape Solana’s ecosystem.
Clever Robot News Desk 26th December 2024
