Solaxy ($SOLX), a newly introduced Layer-2 solution for Solana, has achieved remarkable success by raising $13.6 million in its Initial Coin Offering (ICO). The project's appeal increased following the introduction of Trump ($TRUMP) and Melania ($MELANIA) meme coins.
These meme coins have drawn attention to Solana's existing challenges with network scalability. On Monday, the Solana blockchain faced significant congestion, showcasing the pressing need for an effective solution like Solaxy. The ICO's impressive financial results reflect the strong interest and belief in Solaxy's ability to address these issues.