Solaxy ($SOLX) is 4 hours away from the end of its presale. With over $52M raised and over half a million dollars in whale purchases in the last two days, this train seems to be speeding through milestones.
A flood of new traders overloaded Solana, which then started causing frequent transaction delays (even total failures) and network congestion.
Additionally, Solaxy’s Layer 2 will also process transactions in batches, not one by one. Similar to how banks bulk transactions to increase speed and reduce costs, Solaxy will not only make Solana faster but also cheaper.
With Hyperlane’s permissionless interoperability, Solaxy will be able to communicate with multiple blockchains, not just Solana.
Moreover, Solaxy can power high-frequency dApps as well. These include meme coin and microtransaction platforms, gaming ecosystem in need of real-time interactions, and custom-made financial applications that require better affordability and low latency.
Disclaimer: This article isn’t financial advice, and we strongly urge our readers to do their own research before investing.
