Solana-Based Tokens Surge Triggers Congestion Issues, Driving Solaxy Layer 2 ICO to $13 Million
The Solaxy (SOLX) token continues to gain momentum, with its presale raising over $13 million—a sharp rise from $12.9 million the previous day. The project attracted nearly half a million dollars in just 24 hours, drawing the attention of crypto enthusiasts. Many recognize the opportunity: as Solana’s network faces congestion, Solaxy’s Layer 2 blockchain solution offers a much-needed breakthrough. Solaxy: A solution for Solana’s congestion issues The Solana network faced challenges over the weekend as trading for TRUMP and MELANIA tokens surged. The massive trading volume pushed the blockchain to its limits, causing delayed transactions and system timeouts that left users frustrated. Some traders waited up to 30 minutes for their transactions to process, while Phantom Wallet struggled to handle 8 million requests per minute. Although Solana has dealt with congestion issues before, this weekend’s intense activity highlighted the need for better solutio...