Solaxy (SOLX) Secures $8.9M to Enhance Solana's Performance, Tackle Scaling Issues

Solaxy (SOLX), a new layer-2 scaling solution built to address Solana's network congestion, has secured $8.9 million in presale funding.

Solana (SOL) Layer-2 Scaling Solution Solaxy Secures $8.9M in Presale

Solana (SOL) Layer-2 scaling solution Solaxy has secured $8.9 million in presale funding for its SOLX token, with the project set to tackle Solana’s scaling issues.

Solana has faced challenges with transaction failures, with data showing that on some days, over one-third of non-vote transactions fail to be completed. Solaxy aims to address these issues by processing transactions off-chain, bundling them, and settling them back on Solana's mainnet.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solaxy aims to tackle Solana's scaling issues amid growing network strain

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high-demand periods. The surge in meme coin trading and automated bot traffic has pushed the network close to breaking point - with failure rates climbing to as high as 50% during peak periods.

Solana's increased adoption has introduced notable challenges. As activity on the network has surged, users have faced delays and transaction failures, particularly during high