The $MELANIA meme coin is gaining traction, but as its popularity surges, Solana is facing hefty delays due to increased transaction loads. Luckily, Solaxy is taking steps to introduce a layer-2 solution for Solana.

MELANIA Meme Coin’s Surge

As interest in the MELANIA meme coin escalates, it has quickly amassed a market cap exceeding $1.8 billion, happening just hours post-launch. This demand is leading to significant network congestion on Solana due to the overwhelming volume of transactions.

Current Solana Workflow Issues

Currently, users are experiencing problematic transaction submission rates with failures up to 70%. This congestion is primarily linked to the trading of popular meme coins such as MELANIA and TRUMP, which put a strain on the network’s capabilities.

Solana’s Response to Congestion

To manage these growing concerns and ensure seamless transactions, layer-2 solutions are being proposed. A prime example is Solaxy (SOLX), a project aimed at delivering the first layer-2 on the Solana network, currently in presale with nearly $12 million raised.

Join Solaxy’s community on X or Telegram for the latest updates and to take part in the presale.

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