What is Solaxy (SOLX)?

Deep Dive

1. Purpose & Value Proposition

Solaxy aims to resolve Solana’s scalability bottlenecks during high demand by moving transactions off-chain using rollup technology. This allows Solana to handle up to 10,000 transactions per second (vs. Solana’s native ~2,000 TPS), targeting failed transactions and network outages. Its cross-chain bridge with Ethereum (Hyperlane integration) merges Solana’s speed with Ethereum’s liquidity, supporting multichain decentralized apps (dApps) and meme coin trading.

2. Technology & Architecture

As a SVM (Solana Virtual Machine)-compatible Layer-2, Solaxy lets developers deploy Solana dApps with minimal code changes. Transactions are processed off-chain in batches, then finalized on Solana’s mainnet. Key components include:
- Neptoon DEX: Native decentralized exchange for low-fee trading.
- Igniter Protocol: No-code platform for launching tokens and meme coins.
- Hyperlane Bridge: Enables asset transfers between Solana and Ethereum.

3. Tokenomics & Governance

SOLX has a fixed supply of 82.99 billion tokens (CoinMarketCap), with allocations for development (30%), rewards (25%), and ecosystem growth (20%). The token is used for:
- Paying transaction fees.
- Staking for rewards (up to 82% APY during presale).
- Governance voting for protocol upgrades.
A deflationary mechanism burns 25% of fees, and audits by Coinsult aim to ensure security.

Conclusion

Solaxy positions itself as Solana’s critical scaling layer, combining rollups, cross-chain liquidity, and developer-friendly tools. Its success hinges on adoption by Solana dApps and competition with emerging Layer-2 solutions. Can Solaxy’s infrastructure sustain growth as Solana’s ecosystem expands?