Solaxy (SOLX) Is the First Prominent Solana Layer-2 Blockchain, Purpose-Built for Maintaining Low-Latency Transactions

Solaxy is the first prominent Solana Layer-2 blockchain, purpose-built for maintaining low-latency transactions, high scalability and zero downtime — even during peak network congestion.

Solaxy is the first prominent Solana Layer-2 blockchain, purpose-built for maintaining low-latency transactions, high scalability and zero downtime — even during peak network congestion.

Its native token, SOLX, is the backbone of the Solaxy ecosystem and facilitates low-cost transactions, attractive staking rewards, and dApp development.

Being one of the first standout Solana L2 coins, it is seeing strong demand from whales and retailers alike, raising over $38 million in its ongoing presale. Several analysts have even called it the next 10x crypto.

The SOLX presale is ending in less than 27 days, which has resulted in significant FOMO for its upcoming token launch.

Solaxy Market Outlook — Why Solana L2 Coins Could Be The Next Big Narrative?

Thanks to its high throughput and ultra-low transaction costs, Solana has rarely needed Layer-2 scaling solutions. But with Solana emerging as the go-to chain for meme coins, AI agent tokens, and other high-volume assets, it’s beginning to face the same congestion issues that once plagued Ethereum during peak traffic.

DRiP’s Vibhu Norby made a blunt statement in March 2024, “Solana has and needs to have L2s and/or rollups.”

Norby accurately indicated that Solana was struggling with poor scalability and high network congestion, particularly during popular airdrop campaigns as well as during the meme coin season. He isn’t the only one.

Popular influencer Wazz Crypto highlighted that Solana was seeing a staggering 75% transaction failure rate in April 2024.

Similarly, Wei Dai of 1kx Network revealed that the SOL’s median and mean fees were up significantly following Donald Trump’s launch of his meme coin. Similarly, transaction failure rates surged to 40%.

Solana is under pressure, from TRUMP and MELANIA memecoins related traffic.Three interesting graphs (snapshot taken at the time of writing):1. Mean and median fees are both up significantly.2. Txn failure rates is at 40%, relative to 20% before the traffic spike.3.… pic.twitter.com/rWd76ttnBQ

There is a growing concern from Solana bulls that the blockchain could lose market share to newer blockchains like Sui if it continues to struggle with poor scalability and transaction failure rates.

In this regard, Solaxy could prove to be a game-changer and become an integral part of the Solana ecosystem.

Solaxy’s Cutting-Edge Layer-2 Architecture, Explained

Solaxy is a modular Layer-2 blockchain that scales Solana’s core infrastructure using zero-knowledge rollup mechanics, off-chain execution, and advanced developer tooling.

It is engineered to solve Solana’s growing problems with network congestion, latency-sensitive applications, and failed transactions during high-volume periods.

🛸 Tomorrow's Tech. Today. ◎ Lightning-fast swaps◎ Minimized gas fees◎ Enhanced scalability without compromising security$SOLX is built to handle high volumes effortlessly. 🔥https://t.co/mdaTX9aVVx pic.twitter.com/MdXfSYy0eF

At its core, Solaxy implements a rollup-based execution layer where transactions are processed off-chain and posted to Solana for final settlement. This drastically reduces Layer-1 load while maintaining security guarantees and fast finality.

The rollup stack is modular, allowing plug-and-play execution environments and toolchains optimized for different use cases — from meme coins to AI agents.

Solaxy’s another key component is the integration of the Sovereign SDK, which powers its new sequencer logic. This enables soft confirmations — transactions receive preliminary validation before they’re posted on-chain, improving responsiveness for dApps. Developers can toggle between basic and soft-confirmation modes depending on application requirements.

Solaxy also incorporates custom caching and serialization layers to reduce runtime latency and improve state sync speeds. This is crucial for high-frequency trading dApps, games, and parallel agents running on the network.

Besides the traditional rollup functionalities, Solaxy is aiming for high interoperability with popular Layer-1 and Layer-2 blockchains. It is creating a Hyperlane-powered multi-chain bridge, allowing seamless token transfers across Solana, Ethereum, Base, and the Solaxy L2. Validator coordination and secure message-passing ensure accurate state transitions and liquidity routing.

Similarly, for data availability, Solaxy offloads batch data to Celestia, enabling scalable storage and fraud-proof generation without bloating Solana’s Layer-1. Dev tests confirm data throughput of 140KB/sec — suitable for event-heavy and computation-heavy dApps.

On Monday, the project announced a one-of-a-kind Igniter Protocol, which allows $SOLX holders to create and launch tokens natively on Solaxy without writing custom contracts. It offers templated issuance, supply control,