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.

Solana, the world’s third-largest crypto, is having a moment.

Just yesterday, Nasdaq-listed Upexi announced that it would be earmarking 95% of its $100M capital raise to establish a Solana treasury reserve.

Plus, ARK (an American investment management firm) has integrated Solana staking into two of its crypto ETFs: ARKF and ARKW.

Both moves highlight Solana’s rising presence in the institutional landscape. And as demand increases, could Solaxy be the answer for enhanced network performance?

As Solana Gains Ground with Wall Street, Solaxy Scales the Chain

Announcing that a vast majority of its funds would be held as a Solana treasury reserve, Upexi’s shares shot up by 335%.

Meanwhile, ARK’s ETFs 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%.

Yet, the network might not be fully equipped to handle the surging demand – but this is where Solaxy comes in.

Solaxy: Tackling Solana’s Congestion and Scalability Challenges

Solaxy is the first Solana Layer 2, presenting the optimal solution to the network’s congestion and scalability dilemmas.

Despite Solana’s renown for speed, handling up to 65K tps and vastly outperforming Ethereum’s 30 tps capacity, its surging popularity has led to congestion and some slowdowns.

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 raised over $31M in its presale, which showcases strong confidence in the face of increased Solana demand.

Also drawing 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.

Get $SOLX on presale now for just $0.001702, as 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.