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As Solana edges closer to mainstream adoption with Franklin Templeton registering a Solana Trust, <\/span>Solaxy ($SOLX)<\/span><\/a> raised $20 million in its presale.<\/span><\/p>\n Being Solana\u2019s first-ever Layer-2 solution, Solaxy reached this milestone in under two months.<\/span><\/p>\n Investor enthusiasm increased when Solaxy\u2019s dev team shared their mission to supercharge Solana\u2019s performance.<\/span><\/p>\n Layer 2 tokens often attract many users because they offer a much higher throughput at lower costs. Investor support for tokens like Arbitrum and Optimism has been strong, as their market cap is well above $1 billion despite the downtrend in crypto markets.<\/span><\/p>\n Solaxy\u2019s focus on delivering a highly scalable ecosystem has captured the interest of both retail and institutional investors. This is why the SOLX token presale has attracted more than $2.5 million over the past week, bringing its daily run rate to around $350,000.<\/span><\/p>\n In the current presale stage, you can <\/span>buy SOLX for $0.001634<\/span><\/a>. However, buyers have a limited window to grab the tokens before the price increases in the next presale round.<\/span><\/p>\n Solana has recently been in the spotlight as it grapples with a bearish sentiment due to upcoming $3 billion worth of token unlocks over the next three months.<\/span><\/p>\n Historically, these unlocks have pressured SOL\u2019s price, as seen when it dropped 20% following a significant release in August. Many investors are concerned about how this could affect the market if demand fails to match increased supply.<\/span><\/p>\n However, institutional interest in Solana is increasing.<\/span><\/p>\n Franklin Templeton registered a Solana Trust in Delaware<\/span><\/a>, suggesting it may soon join Grayscale, 21Shares, Bitwise, and VanEck in launching a Solana ETF.<\/span><\/p>\n The SEC has already acknowledged several Solana spot ETF proposals. Bloomberg analysts even foresee a 70% chance of a Solana spot ETF approval by 2025.<\/span><\/p>\n NEW: @EricBalchunas<\/a> and I took a look at the filings for spot crypto ETFs. We\u2019re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.<\/p>\n Here\u2019s the table with the odds and some other details: pic.twitter.com\/xaXaNXLb0M<\/a><\/p>\n \u2014 James Seyffart (@JSeyff) February 10, 2025<\/a><\/p>\n<\/blockquote>\n This wave of potential ETFs could result in more capital inflows and renewed confidence in SOL. If these triggers materialize, SOL could experience a massive rally.<\/span><\/p>\n But as adoption grows, so does the risk of congestion.<\/span><\/p>\n That\u2019s where <\/span>Solaxy<\/span><\/a> steps in. It improves Solana\u2019s reliability during network spikes to prevent failed transactions. Solaxy also features a cross-chain bridge to Ethereum to unlock higher liquidity and cater to more users.<\/span><\/p>\n Solaxy\u2019s layer-2 foundation is based on a \u201crollup\u201d infrastructure.<\/span><\/p>\n The network can support significantly higher throughput by aggregating transactions off-chain (and recording data on-chain). The dev team has improved everything from state transition functions to sequencer logic, ensuring the system can handle large-scale usage.<\/span><\/p>\n A major update is the integration of Solana\u2019s Virtual Machine (SVM) into a zkVM, increasing scalability and privacy while allowing efficient off-chain computations to be verified on the main chain.<\/span><\/p>\n <\/p>\n https:\/\/x.com\/SOLAXYTOKEN\/status\/1886120606783209566<\/span><\/a><\/p>\n The team is also testing data availability solutions, including a potential synergy with Celestia and frameworks from Sovereign Labs, to ensure transparency and security for rollup transactions.<\/span><\/p>\n Also, Solaxy is progressing in its cross-chain capabilities after partnering with Hyperlane to link Solana and Ethereum.<\/span><\/p>\n By prioritizing the main layer-2 components (scalability, bridging, and data storage), Solaxy\u2019s developers are confident they can solve Solana\u2019s congestion struggles.<\/span><\/p>\n For early presale buyers, these developments show the <\/span>SOLX token\u2019s<\/span><\/a> growing utility in the layer-2 space.<\/span><\/p>\n If Solana sees another adoption wave (whether from meme coins or Solana ETF), a smooth user experience will be key. Solaxy aims to deliver that scalability, potentially increasing SOLX\u2019s demand in the long term.<\/span><\/p>\nCould More Solana ETF Proposals and SEC\u2019s Approval Spark Another SOL Rally?<\/strong><\/h2>\n
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Solaxy\u2019s Developer Updates Show Massive Progress<\/strong><\/h2>\n
How to Buy SOLX Tokens Before They Sell Out<\/strong><\/h2>\n