After crucial points with the Solana blockchain let an unknown hacker exploit a zero-day vulnerability and mint and withdraw tokens from different customers’ accounts, the Solaxy presale’s layer 2 resolution makes extra sense than ever.
Solana devs recognized the vulnerability on April 16, 2025, and defined it as a bug:
In response to the analysts, it took vital experience to take advantage of the bug, which implies the attackers possessed severe know-how and abilities.
Might Solana’s Downside Plague Different Blockchains?
Following the breach, Ethereum and even Bitcoin got here below scrutiny, with some suggesting that different blockchains could comprise the identical hidden drawback.
After Curve Finance contributor highlighted this problem in an X publish, for instance, Solana LABS CEO, Anatoly Yakovenko, responded by pointing to similarities with the Ethereum community.
Nevertheless, the issues appear unwarranted. As one Ethereum neighborhood member, Ryan Berckmans, identified, ‘solely Ethereum gives institutional grade danger minimization.’
How is Solana Tackling the Concern?
Solana believes the upcoming 2025 Firedancer improve could current an answer, because the third-party validator is meant to enhance Solana’s effectivity and sturdiness.
Soar Crypto, the Web3 firm behind Firedancer, showcased it throughout Solana’s Breakpoint 2022, and proved it could actually course of over a million Transactions Per Second (TPS) in comparison with Solana’s 50,000.
The consumer’s reside testnet launched in October, 2023.
Nevertheless, the identical Berckmans fires again that Firedancer can’t fulfill Solana’s want for consumer variety by itself; you want three shoppers for that:
That is the place Solaxy ($SOLX) enters the image.
Solaxy ($SOLX) – Enhancing Solana’s Ecosystem with Decrease Charges and Extra Community Stability
Solaxy ($SOLX) is Solana’s first Layer 2 that goals to improve the community for decrease charges, sooner transactions, diminished downtime, and improved general community stability.
Solaxy is a focused resolution to Solana’s most urgent points. Specifically, these associated to congestion, poor efficiency, delays, and even failed transactions.
By introducing infinite scalability, off-chain execution, and transaction bundling, Solaxy goals to launch Solana to new heights.
To that finish, the brand new Layer 2 continually improves, with the devs posting common updates and upgrades. The latest announcement is that April 19 will see the discharge of the brand new Solaxy Block Explorer.
The presale gives a dynamic APY of 121%, and the staking pool at the moment sits at a powerful 9.5B, highlighting vital investor belief and curiosity within the mission.
As one of many latest meme cash on the block, $SOLX comes with a number of utility layers to rework Solana’s on and off-chain performance.
And with Solana being the third-biggest crypto, regardless of its points, this could possibly be among the finest altcoins as we speak, showcasing numerous development potential.
In the event you’re within the presale, examine our ‘find out how to purchase $SOLX’ information and skim our value prediction to raised perceive the mission’s potential.
Is the Solaxy Presale the Reply to Solana’s Issues?
To be clear, Solaxy will enhance Solana’s velocity and transaction effectivity, however can it additionally clear up the community’s safety points? It’s not unreasonable, given Solaxy’s superior and continually upgrading protocol.
Whereas we wait to see what occurs, keep in mind that this isn’t monetary recommendation. The crypto market is all the time unstable and unpredictable.
So, DYOR (do your personal analysis) and solely make investments what you’re comfy shedding.
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