Solana’s congestion issues are set to be resolved with the upcoming Layer 2 blockchain, Solaxy (SOLX), which aims to improve scalability and reduce transaction delays.
Solaxy plans to leverage rollups to offload transaction processing from Solana's mainnet, resulting in faster transactions and potentially lower gas fees.
The Solaxy Layer 2 blockchain will retain the security and transparency of Solana's mainnet while increasing throughput, and a hybrid approach will be used for final transaction settlement.
The Solaxy presale has already raised over $28 million, and the project offers staking APY of 144%, providing growth opportunities for token holders.