The Layer-2 solution aims to set the stage for faster and more efficient transactions on the Solana network.
2024 has been a successful year for cryptos, and Solana in particular. While Bitcoin crossed the much-awaited $100,000 mark with a 150% annual surge, Solana stole the show, exploding an eye-popping 200%.
Solana's thriving ecosystem is behind SOL's blockbuster price performance. Notably, the blockchain spawned many successful meme coins in 2024, such as Bonk, Dogwifhat, and Cat in a Dogs World.
As the network attracts more users, an underlying issue draws attention: congestion. Solana often buckles under pressure during active hours, which results in sluggish transactions and rising fees.
Network congestion has become a persistent hassle for developers and traders in high-volume niches such as meme coins. This is whereSolaxy comes into the picture.
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