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.

Currently priced at $0.001566, Solaxy ($SOLX) is in the sixth stage of its presale, which has seen overwhelming demand. With $2 million raised in under a week, the project highlights its popularity and optimism among investors regarding Solaxy’s innovative solution. Solaxy has recently reached a milestone of raising over $750,000 in the first 24 hours of its presale as well.

Early buyers can maximize their gains by staking their $SOLX tokens, with a dynamic APY of up to 1,680%. This rate is dynamically adjusted as more tokens are staked, rewarding early adopters while maintaining long-term sustainability.

How Does Solaxy Help Solana? The Use Case Behind the Solaxy Token Presale

Solana’s unmatched speed and cost-efficiency have made it a go-to platform for high-throughput applications, including meme coin launches. However, its popularity has led to significant congestion issues, with spam transactions and failed executions all over the place.

As the first-ever Layer 2 protocol on Solana, Solaxy addresses these pain points by introducing:

• Improved scalability and transaction throughput
• Lower fees
• Enhanced reliability

Beyond just solving Solana’s issues, Solaxy bridges the gap between Solana and Ethereum, leveraging Ethereum’s liquidity and security to create a powerful, multi-chain solution.

Solana and Its Network Congestion Issues

Solana certainly stands out from the Layer 1 blockchain crowd as a high-performance blockchain, but its rapid growth hasn’t been without challenges. As the platform gained popularity, it began experiencing network congestion. Thousands of applications, including meme coin launches and no-code platforms, have flooded the ne