Sponsored Content
2024 wasn’t just big for meme coins—it was the year. Thousands of these ridiculous, usually pointless tokens shot up to billion-dollar valuations.
This surge catapulted Solana—arguably the go-to network for meme coins—into the spotlight like never before.
But as the demand piled up, so did the problems. To put it simply, the network couldn’t keep up. Congestion became frequent on Solana’s mainnet, and let’s face it—if things don’t change, it’s only going to get worse.
Luckily, unlike Solana’s developers, the team behind a new presale project, Solaxy ($SOLX), might fix some of SOL’s main problems through a new layer-2 network.
This game-changer could make Solana faster, smoother, and a whole lot more user-friendly for developers and traders.
Ready to see what all the hype is about? Let’s look into it and see why Solaxy might be the next big thing.
Can Solaxy Solve Solana’s Frequent Congestions?
Solana’s rise to fame has been nothing short of incredible, but with success comes challenges. Thus, the $SOLX presale might just be the answer traders have been waiting for.
In the last few years, Solana has become the preferred platform for launching meme coins, largely because it offers higher transaction capacity at a much lower cost than Ethereum.
It’s quicker, more affordable, and gives developers an overall better blockchain experience. But success has its downsides, as it often does.
The Solana blockchain is starting to buckle under pressure due to the overwhelming influx of meme coins launched every day, many via platforms such as Pump.fun.
This has led to slowdowns and other performance issues.
That’s where Solaxy steps in. It promises to address these growing pains and restore balance to the Solana ecosystem.
Instead of just focusing on Solana's scalability issues, Solaxy ($SOLX) forges the gap between Solana and Ethereum, two of the most impactful blockchains.
Linking these two giants, Solaxy could create a multi-chain platform that unlocks countless opportunities.
Solaxy Presale Update – Price Progression and Staking Perks
The Solaxy presale has been steadily advancing through its various price stages since its launch.
Right now, SOLX tokens are available for just $0.006504 each. However, don’t get too comfortable—every time a funding milestone is reached, the price edges up slightly.
On top of that, buyers can stake their SOLX tokens for rewards, which are set to be distributed over a span of three years.
To top it off, Solaxy’s smart contract passed a thorough audit by the blockchain security experts at Coinsult. The audit didn’t flag any bugs or vulnerabilities, which should give investors peace of mind about the token's technical integrity.
While the final presale price and launch date are still under wraps, anyone interested can stay in the loop by following Solaxy on X (formerly Twitter) and Telegram.
Solana is Struggling with Network Overload and Spam Transactions – Solaxy Might Be the Solution.
A major factor behind Solana's network congestion is the overwhelming release of meme coins, which leads to an influx of spam transactions.
Bots often generate these transactions, attempting to squeeze into blocks via the quickest queues, but the majority fail, which contributes to network congestion.
However, meme coins aren’t the only issue. Certain apps, such as the ORE game, which uses a proof-of-work mining method to distribute airdrops, have played a significant role as well.
ORE players once accounted for up to 16% of Solana's total network capacity, which made the network even more prone to failures.
Around 25% of transactions on Solana fail, with non-vote transactions reaching a staggering 70% failure rate during specific periods.
Solana's development team is actively working to tackle these challenges.
They've made some solid progress with the QUIC protocol, which has already helped make the network more stable.
But, even with all this, Solana still has some scalability challenges to tackle.
That’s where something like Solaxy comes in. It doesn’t just add to what Solana’s already doing — it offers a real, practical solution to the network's limits.
Wrapping Up
Solana's struggles with congestion, spam, and scalability could be mitigated by Solaxy, which is designed to address these critical issues.
As Solana’s first Layer 2 solution, it boosts network performance, uniting the difference between Solana and Ethereum by combining their best features.
As it approaches its listings, Solaxy stands out with its innovative staking rewards, multi-chain vision, and plans to tackle persistent network problems.
Disclaimer: This is a sponsored article. It is not part of Outlook Money's editorial content and was not created by Outlook Money journalists.
