Solana Tops $180 As Solaxy ICO Hits $35.5M

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Solaxy ($SOLX) has just blasted past $35.5 million in its presale, raking in almost $1 million in funding since Monday’s $34.6 million tally.

This momentum comes as Solana ($SOL) climbs past $180, with $200 now firmly in sight. The timing couldn’t be better. As Solana’s first Layer-2, Solaxy is quickly becoming the go-to play for investors looking beyond the base layer – and toward the infrastructure powering its next leg up.

It’s not just market hype fueling this move. VanEck recently launched its tokenized U.S. Treasury fund (VBILL) on Solana – a major vote of confidence from traditional finance. It’s yet another sign that institutions are starting to treat Solana not just as a fast chain, but as serious financial infrastructure.

The smarter money understands that Solana’s long-term trajectory depends on solving scalability – and that’s where Solaxy steps in. It’s the engine designed to pick up what the base layer can’t handle.

Right now, $SOLX is priced at $0.001724 – but only 24 hours remain before the next price increase kicks in.

Solana Joins Ethereum At Launch In VanEck’s Institutional Tokenized Fund Rollout

Global asset manager VanEck has officially launched VBILL, its first tokenized U.S. Treasury fund, in partnership with Securitize. The fund provides real-time, on-chain access to Treasury-backed assets and is now live across Solana, Ethereum, BNB Chain, and Avalanche, with Wormhole enabling cross-chain interoperability.

VANECK LAUNCHES TOKENIZED U.S. TREASURY FUND $VBILL ON MULTIPLE CHAINS INCLUDING ETHEREUM, SOLANA, AVALANCHE, AND BNB CHAIN
— The Wolf Of All Streets (@scottmelker) May 13, 2025

VBILL is a fully regulated product powered by Securitize’s full-stack services – from tokenization and fund admin to broker-dealer infrastructure. It’s designed to offer real-time capital efficiency and deeper liquidity for institutional players going on-chain.

And Solana wasn’t just included – it was there at launch. That puts it right up there with Ethereum in one of the biggest institutional rollouts to date.

But VanEck’s push doesn’t stop there. Alongside 21Shares, Bitwise, and Canary Capital, the firm has filed spot ETF applications with the Federal Register. Bloomberg Intelligence currently pegs the approval odds at 90%, signaling how close this next wave of capital is to unlocking.

It’s the kind of institutional shift that could push Solana toward retesting its $295.40 all-time high from January 19.

Source: TradingView

And while the headlines focus on Solana’s Layer-1, the real story is what’s happening underneath – Solaxy is erupting, and the numbers prove it.

Solaxy Unveils Key Network Upgrades Before Launch

Solaxy’s presale is in overdrive, adding millions in new capital as more investors recognize it as the key to unlocking Solana’s next phase. Its goal is clear: to solve the congestion, instability, and scalability issues that have held Solana back from overcoming Ethereum’s dominance in the smart contract space.

When it launches, Solaxy is expected to significantly increase Solana’s throughput – making it more capable of handling high traffic from gaming, meme coins, and DeFi, without sacrificing speed.

And this isn’t just theory. Solaxy is already delivering. The team has rolled out faster node restarts for smoother syncing, stabilized the test environment, and optimized rollup handling for better transaction performance. UI bugs have also been fixed, making the platform more responsive and production-ready.

🚀 Solaxy Development Update! 🚀

Behind the scenes, the Solaxy team has been making powerful strides to drive the project forward:

◉ Node Performance

◎ Updated key dependencies to speed up node syncing significantly.
◎ Quicker restarts and smoother database schema changes.… pic.twitter.com/vVKht1raPy
— SOLAXY (@SOLAXYTOKEN) May 9, 2025

The next phase is near. Solaxy’s native bridge is about to go live on Testnet – offering a first real look at how this Layer-2 will scale the network in practice.

The live Testnet and block explorer are already accessible through the Solaxy website.

Solana’s Speed Isn’t Enough: It Needs Solaxy To Dominate DeFi

Solana has proven it can scale. Just this month, it’s leading all chains in DEX volume – recording over $3.88 billion in weekly volume and more than $86.13 billion over the past 30 days, surpassing Ethereum’s $53.4 billion during the same period.

However, raw speed alone isn’t enough in the race for DeFi dominance. Ethereum still holds the edge, largely due to its superior network stability.

https://defillama.com/dexs/chains

Solana, meanwhile, is still maturing. Its longest outage – a 20-hour halt in 2021 – wouldn’t cut it in traditional finance. Visa and Mastercard process thousands of transactions per second without a hiccup, and that’s the standard any serious financial network must meet. If Solana is to lead not just in DeFi, but in competing with the real-world speed and reliability of TradFi, it needs a second engine.

Solaxy is that second engine – functioning like a co-processor, absorbing overflow, keeping the chain running at peak speed, and ensuring protocols don’t stall during surges in traffic.

The higher the volume on Solana, the greater the demand for Solaxy’s infrastructure – and, by extension, its native token, $SOLX.

$SOLX is a scalability asset. Its demand scales directly with Solana’s growth – especially across high-throughput use cases like DEX trading, yield farming, and meme coin launches.

If Solaxy delivers on its promise, here’s what comes next:

Solana captures more DeFi share
Solaxy scales the traffic behind it
$SOLX becomes core to the network’s future

Here’s How To Join The Solaxy Presale

Indeed, $SOLX is not just a token; it’s the mechanism behind a more resilient, more capable Solana.

And to grab your stake while there’s still time, visit the Solaxy website and connect a supported wallet.

Newly acquired $SOLX tokens can be staked immediately, with a dynamic 113% APY that adjusts based on pool activity and total participation.

For optimal performance, Best Wallet is the recommended self-custody option – offering full visibility of pre-launch $SOLX allocations and seamless multichain support across both Solana and Ethereum.

For updates, join the Solaxy community on Telegram and X.

Visit Solaxy.

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