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Solaxy’s recent development updates have unveiled significant progress in boosting transactions per second (TPS) and data throughput for the project.
These enhancements come at a time when the presale continues its rapid growth, having already raised over $28.3 million.
While the Solana blockchain has built a strong reputation for its high-speed transactions and low fees, it has also encountered persistent challenges, including network congestion and occasional downtime.
Addressing these issues, a promising Layer 2 solution, Solaxy (SOLX), has emerged, aiming to significantly enhance Solana’s performance and scalability.
With its latest development updates, Solaxy is effectively positioning itself as ‘Solana on turbo mode,’ promising a substantial improvement in network efficiency.
Source – Cryptonews YouTube Channel
Solaxy’s Breakthrough Development: Solving Solana’s Network Limitations
Solaxy is a Layer 2 network built on Solana, designed to address the blockchain’s recurring congestion issues.
By leveraging roll-up technology and advanced optimization techniques, it aims to enhance transaction throughput, reduce confirmation times, and improve overall network stability.
As a presale project, Solaxy is already attracting significant interest from both investors and developers. Recently, the development team announced a series of updates focused on boosting transaction speeds and enhancing the user experience.
These improvements were detailed in a recent X (Twitter) post, highlighting key advancements.
One of the most notable upgrades is the integration of a new sequencer implementation from the Sovereign SDK, which enables more efficient transaction validation before the roll-up process is completed.
Additionally, a soft confirmation mechanism has been introduced, allowing users to experience near-instant transaction validation before finalization.
Source – Solaxy Twitter
Further optimizations in the roll-up process have significantly enhanced network performance, enabling Solaxy to handle a higher volume of transactions with improved efficiency, even during peak demand periods.
The team has also collaborated with Sovereign to develop a new caching mechanism, streamlining transaction processing and reducing bottlenecks. Moreover, refinements in serialization and deserialization have minimized processing overhead, further boosting efficiency.
To strengthen cross-chain functionality, Solaxy has partnered with Hyperlane to improve the bridge UI and secure validator setup. This collaboration ensures a more reliable and seamless user experience, mirroring production-level conditions even on the testnet.
With these advancements, Solaxy is positioning itself as a robust Layer 2 solution that enhances Solana’s scalability while maintaining high-speed and low-cost transactions.
Solaxy Presale Surges Despite Market Downturn – Investors Eye Massive Gains
While the crypto market faces uncertainty, Solaxy’s presale continues to thrive, a testament to growing investor confidence. Even amid challenging conditions, the project has raised an impressive $28.3 million, signaling strong demand.
Analysts anticipate a significant price surge post-launch, making this an attractive early investment opportunity. With the token priced at just $0.001678 and a scheduled increase in under 24 hours, investors still have a chance to enter before valuations climb.
Additionally, many have chosen to stake their holdings, earning an estimated 144% APY in rewards. Solaxy’s ecosystem is designed to enhance the Solana experience, with a well-balanced token allocation supporting long-term growth.
Development receives 30% of the supply, ensuring continued innovation and infrastructure expansion. Another 25% is allocated to rewards, incentivizing early adopters, while 20% is reserved for the treasury to maintain stability.
Marketing efforts account for 15%, driving adoption and visibility, and the remaining 10% is set aside for listings to secure liquidity and exchange integration. Investors can seamlessly purchase Solaxy tokens using Solana, making it an accessible choice within the ecosystem.
With its rapid presale growth, strong fundamentals, and innovative staking rewards, Solaxy is shaping up to be one of the most promising crypto investments of the year.
Conclusion
While Solaxy presents a compelling solution to Solana’s scalability challenges, it is not positioned as a direct competitor but rather as a complementary enhancement.
Investors and developers interested in improving transaction speeds and efficiency on Solana may find Solaxy a worthwhile addition to the ecosystem.
Although it is unlikely to replace Solana, its potential to optimize performance and address congestion issues makes it a project worth watching closely.
As the project continues to develop, further updates and innovations will determine Solaxy’s long-term success. For those looking to explore its potential, the presale stage offers an opportunity to get involved early and see how this Layer 2 solution evolves in the growing Solana ecosystem.
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