{"id":635938,"date":"2025-03-17T09:36:50","date_gmt":"2025-03-17T09:36:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=635938"},"modified":"2025-03-17T18:57:51","modified_gmt":"2025-03-17T18:57:51","slug":"solana-celebrates-5th-birthday-as-growth-fuels-congestion-layer-2-solaxy-steps-in","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/solana-celebrates-5th-birthday-as-growth-fuels-congestion-layer-2-solaxy-steps-in","title":{"rendered":"Solana Celebrates 5th Birthday: As Growth Fuels Congestion, Layer-2 Solaxy Steps In"},"content":{"rendered":"

As Solana celebrates its 5th birthday, crypto’s 6th biggest blockchain is showing signs of strain.<\/p>\n

Its explosive growth has led to congestion issues, putting future development at risk.<\/p>\n

But in a timely twist, Solana received an early birthday present: the launch of Solaxy (SOLX), a project that’s raised $26.7 million in presale because it’s designed to fix these challenges.<\/p>\n

Solaxy’s Layer 2 scaling solution aims to ease congestion on Solana caused by its surging meme coin activity, including the high-profile launches of the TRUMP and MELANIA coins in January that caused trading volumes to soar.<\/p>\n

\"Solana\"<\/p>\n

Solana A Victim Of Its Own Success<\/span><\/h2>\n

Since its launch in 2020, Solana has processed over 408 billion transactions and has facilitated $987 billion in decentralized exchange (DEX) volume. <\/span><\/p>\n

The network has also grown to more than 1,300 validators.<\/span><\/p>\n

“Happy solana 0 block day to all those who celebrate,” Solana co-founder Anatoly Yakovenko said in a March 16 X <\/span>post<\/span><\/a>.<\/span><\/p>\n

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Happy 5th birthday Solana fam! 🥳<\/p>\n

408+ billion transactions.
1,300+ validators.
$987+ billion volume.<\/p>\n

Thank you to all the relentless founders, devs, and nCMOs around the globe who have made Solana what it is today — 5 years in, we're just getting started 🎊 pic.twitter.com\/p89PynhjpJ<\/a><\/p>\n

— Solana (@solana) March 16, 2025<\/a><\/p><\/blockquote>\n