It’s a bright time for Solana, the world’s third-largest crypto.
Just yesterday, Nasdaq-listed Upexi earmarked 95% of its $100M capital raise to establish a Solana treasury reserve.
Also, ARK (an American investment management firm) has integrated Solana staking into two of its crypto ETFs: ARKF and ARKW.
Both moves point to Solana taking its place as an institutional-backed powerhouse. And as demand increases, could Solaxy be the answer for enhanced network performance?
As Solana Gains Ground with Wall Street, Solaxy Scales the Chain
Reinforcing Solana’s upward trajectory, Upexi’s shares jumped 335% after announcing that a sizable portion of its funds would be held as a Solana treasury reserve.
ARK’s ETFs, on the other hand, invested $5.2M to purchase 500K shares of 3iQ’s Solana Staking ETF (SOLQ) for Solana staking exposure. By doing so, they’re the first US-listed ETFs to add Solana to their portfolios.
Hot on the heels of the headlines, Solana’s 24-hour trading volume is up by nearly 20%.
These are all significant indicators of a positive Solana outlook.
Despite this, the network might not be ready to handle the growing demand – but this is where Solaxy comes in.
Solaxy Addresses Solana’s Congestion and Scalability Woes
Solaxy is the first Solana Layer 2, the obvious solution to the network’s congestion and scalability challenges.
Despite Solana’s reputation for speed, handling up to 65K tps, and far surpassing Ethereum’s 30 tps capacity, its popularity has led to congestion and some slowdowns.
As a Layer 2 blockchain, Solaxy will process transactions off-chain, but settle them on Solana’s main net. This will boost transaction speed and reduce fees.
As an Ethereum-based token, it’ll bridge Solana’s speed with Ethereum’s liquidity. This will help facilitate seamless asset transfers between the two major blockchains.
It’s good news for dApp developers and traders of the best meme coins, and could set Solana up to once again be home to the next crypto to explode.
To harness the power of the upcoming Solana L2, you must buy $SOLX, the project’s native token. It’s already accumulated over $31M on presale, which signals strong confidence in light of increased Solana demand.
Also attracting attention to the presale is the passive income potential in staking $SOLX, currently at a 130% APY. Indeed, a generous 25% of its total token supply is set aside for such rewards.
An additional 30% of the overall token supply is allocated for development, highlighting the project’s dedication to innovative, sustainable growth.
Solana Treasury Reserve & ETFs Boost Solaxy’s Outlook
As institutional momentum surrounding Solana grows, Solaxy could gain significant traction.
Its L2 scaling solution, cross-chain capabilities, and generous staking incentives could attract the investment needed to build the solution to double Solana’s efficiency.
The groundwork has already been laid, and the presale is live and on fire.
You can get $SOLX on presale for just $0.001702, but the price increases tomorrow
Now could be a prime opportunity to jump in. Once the L2 is deployed sometime this year, our Solaxy Price Predictions have it reaching $0.032 (a 3,100% spike compared to its initial $0.001 presale price!).
Even so, this isn’t investment advice. Always DYOR before making any token investments. Crypto prices can fall as quickly as they jump after being listed on the best DEXs and CEXs.
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