Things are getting interesting on the Solana blockchain.

Solana has been struggling with scaling, and a new Layer-2 project called Solaxy (SOLX) is stepping up to solve that issue.

The project has now raised over $4.5 million in presale – suggesting investors are betting big on Solaxy’s advanced tech.

Solana’s Traffic Jams – Can Solaxy Build a Better Solution?

Solana is known for being super-fast and cheap.

But lately, it’s been hitting some snags.

It turns out that when things get really busy, a massive chunk of transactions – around 40% – fail.

This is mainly due to the explosion of Solana-based meme coins and all the bots that trade them.

Solana’s tech is still solid – but these bottlenecks are becoming a real problem.

That’s where Solaxy comes in.

Instead of trying to rebuild Solana from the ground up, Solaxy is adding another “lane” to the network by handling some traffic on a separate layer.

This way, Solana can keep its speed while Solaxy helps it handle way more transactions at once.

Solaxy is basically offloading some of the work from the main chain.

And it looks like investors are buying into this idea.

Solaxy’s Twitter page already has over 17,600 followers, while its official Telegram channel is gaining hundreds of new members daily.

SOLX Token Presale Passes $4.5M as Investor Hype Ramps Up

The core of Solaxy’s whole setup is its native token, SOLX, which has been doing exceptionally well in presale.