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Cryptocurrency News Articles

Solana co-founder's bold proposal for a meta-blockchain could redefine the Layer 2 narrative – just as Solaxy's presale gains traction with a $35M raise.

May 16, 2025 at 03:10 am

Solana's bullish momentum continues to gather strength, surging past $170, but beyond price action, a new structural vision from Solana Labs co-founder Anatoly Yakovenko could be the catalyst that elevates Layer 2 infrastructure into the mainstream spotlight.

Solana co-founder's bold proposal for a meta-blockchain could redefine the Layer 2 narrative – just as Solaxy's presale gains traction with a $35M raise.

Solana co-founder Anatoly Yakovenko has set the stage for a new era of blockchain infrastructure, proposing a “meta-blockchain” that could revolutionize the Layer 2 narrative.

In a recent social media post, Yakovenko, co-founder of Solana Labs, presented a unique vision for a unifying data layer spanning multiple chains. Drawing from the strengths of Solana’s performance, Celestia’s bandwidth and Ethereum’s smart contract capabilities, Yakovenko envisions a scenario where transactions can be posted on the most efficient chain in real time.

“Bandwidth is the irreducible bottleneck. Transaction content can be varied to suit the best posting location,” Yakovenko explained. “Enabling transactions to be posted where capacity is cheapest allows for making everything else cheap.”

He went on to describe transactions containing references to recent block headers from Solana, Ethereum and Celestia, showcasing how their data layers could be interwoven to create a dynamic and modular ecosystem.

Yakovenko's post has sparked widespread discussion among developers, particularly those working on Layer 2 protocols and their role within this emerging cross-chain framework.

One project that is closely aligned with Yakovenko's vision for scalable and modular L2s is Solaxy. A high-throughput Layer 2 protocol built directly on Solana, Solaxy is designed to offload congestion, reduce fees and deliver consistently high-speed transactions for the network’s most demanding use cases.

At the heart of Solaxy’s technology is a novel approach to transaction processing. Using advanced off-chain batching and compression techniques, Solaxy bundles multiple transactions together before posting them back to the Solana mainnet using rollup-like logic. This significantly reduces the amount of data that needs to be written on-chain, thereby boosting throughput and keeping transaction fees low.

Recent updates from the Solaxy team confirmed that node performance has been upgraded for faster database syncing and more stable validator operations, ensuring the L2 chain remains responsive even during upgrades or heavy load.

Moreover, Solaxy is setting the stage for seamless cross-chain interoperability with its future-proof modularity. The project is currently developing a cross-chain bridge to connect Solana with Ethereum, facilitating smooth liquidity flow and data portability across both Layer 1 environments. This move aligns perfectly with Yakovenko's vision of a meta-blockchain that can merge and order data from various chains based on cost and speed.

With over $36.2 million raised in its ongoing presale and a current token price of just $0.001724, Solaxy has positioned itself as one of the most promising L2 plays of 2025. The protocol’s native token, SOLX, is used for transaction fees, governance votes and staking rewards – currently yielding an annualised 113% return.

Early investors have quickly recognized the potential of SOLX, especially as the broader crypto market pivots toward altcoins following Bitcoin’s $100,000 breakout and Ethereum’s surging price after its Pectra upgrade. Both developments have brought renewed focus on the role of Layer 2 protocols in scaling blockchain technology to meet the growing demand for Web3 applications.

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Other articles published on May 16, 2025