With over 84 million users this month, Solana is on a record-breaking run of adoption. However, this network activity boom exacerbates its most pressing issue: congestion.

Solana has been on a record-breaking run of adoption this year, hitting a new all-time high of over 84 million monthly active users in August. However, this network activity boom has also brought about a familiar issue: congestion.

As more people and projects use the network, there are times when there isn’t enough validator power to compute all transactions, leading to longer wait times and sometimes transaction failures.

This is especially problematic for DeFi protocols and other projects that require timely execution of transactions.

Several projects are working on solutions, with one being Solaxy (SOLX), which is building Solana’s first-ever layer 2 blockchain.

The project is currently undergoing a presale and has already raised over $33 million, making it the largest Solana presale ever.

Meanwhile, Solayer (LAYER) is building a Solana side chain, and its price has soared 71% this month.

Although they approach things differently, both projects are working toward a shared vision: making Solana faster, cheaper, and more reliable.

Both projects are also seeing strong interest from investors, which is evident in recent price movements.

It’s also worth noting that prospective investors may be best served by acting fast. The Solaxy presale price will increase throughout the campaign, and favorable market conditions indicate that the Solayer price could also rise in the weeks and months ahead.

Solaxy’s security gives a technical edge

To better understand Solana’s congestion issue, imagine the layer 1 chain as a highway. There’s not much traffic at midday or midnight, so cars (transactions) can breeze through.

But suppose it’s a Friday evening at 6 PM, everyone’s trying to get home and cars are at a dead-stop. This is essentially what happens on Solana. In times of peak activity, there isn’t enough validator power to compute all transactions, leading to longer wait times and sometimes transaction failures.

Solana can process up to 6,500 transactions per second (TPS), but things start to break when it exceeds that limit.

Both Solaxy and Solayer have a similar idea: they’ll handle some of Solana’s transactions on a separate blockchain. Solaxy will use roll-up technology to compute transactions at a faster rate than Solana, and Solayer will use RDMA and dedicated networking hardware.

But what’s the key difference? Settlement. Solayer will settle directly on its own sidechain, while Solaxy will settle on Solana.

Given Solana’s economic security through Proof-of-Stake and a $74 billion market cap, it’ll be harder for Solayer to compete.

This is why Solaxy could potentially be a better investment based on fundamentals. Solaxy improves Solana’s transactional capabilities while retaining its security and permanency, providing the best of both worlds.

In comparison, on Solayer, there is less testing on the integration of the sidechain with the main chain, and there are fewer guarantees for the security of funds. As such, sophisticated investors may be more hesitant to take sizeable positions on the chain, leading to less adoption.

Price data indicates Solaxy holds more upside potential

It’s not just technical data that suggests Solaxy may outperform Solayer this year; pricing data paints the same picture.

Solayer has soared 150% since launching on CoinMarketCap and 71% this month. Its market capitalization is $572 million, so a 10x gain would take it to over $5 billion.

While not impossible, there are less than 25 cryptocurrencies with a market cap of that stature.

In comparison, Solaxy is currently available at a much earlier stage in its life cycle and so could present an easier path to achieving big gains.

As to how far it could go, expert predictions range from 10x to 100x gains. For instance, Jacob Bury recently told 99Bitcoins’ YouTube viewership that the project is poised for a 10x.

Meanwhile, other analysts such as ClayBro and Miles G have gone further and predicted 100x gains.

Last chance to buy $SOLX presale at $0.001716

Both Solaxy and Solayer are promising projects that tackle Solana’s most pressing issue. But for investors seeking the most upside potential, Solaxy may be a smarter bet.

However, the $SOLX price will increase throughout the presale, with the next uptick in under two days. This means that prospective investors shouldn’t wait around to get involved.

You can also stake tokens during the Solaxy presale and currently earn a 121% APY. But these rewards will decrease as the staking pool grows, further incentivizing early investors.

Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.