Breaking News: Solaxy Surpasses $35.5 Million in Presale
Solaxy ($SOLX) has just achieved a **remarkable milestone** by surpassing **$35.5 million** in its presale, contributing nearly **$1 million** in fresh capital since Monday’s total of **$34.6 million**. This impressive fundraising comes at a pivotal moment as Solana ($SOL) breaks the **$180** barrier, with a keen eye on reaching **$200**. With Solana’s first-layer 2 solution, Solaxy is swiftly becoming the **preferred choice** for investors who are focused on the infrastructure supporting Solana’s next advancements.
This recent movement isn’t simply driven by market **enthusiasm**. Global asset management firm **VanEck** has officially launched its tokenized U.S. Treasury fund, **VBILL**, on the Solana network. This development reflects a significant **endorsement** from traditional finance, marking Solana as a serious contender in the **financial infrastructure** space.
VanEck’s Tokenized Fund Launches on Solana
VanEck has rolled out **VBILL**, its first tokenized U.S. Treasury fund, in collaboration with Securitize. The fund offers **real-time**, on-chain access to Treasury-backed assets, and is compatible with Solana, Ethereum, BNB Chain, and Avalanche, thanks to the innovative **Wormhole** framework enabling cross-chain capabilities.
VBILL is a fully **regulated** product that is powered by Securitize’s **full-stack services**—ranging from tokenization to fund administration and broker-dealer frameworks. Its objective is to provide increased **capital efficiency** and enhanced liquidity for institutional investors venturing onto the blockchain.
The fact that Solana was included right at launch solidifies its position alongside Ethereum in one of the largest institutional rollouts in recent history.
However, VanEck’s ambitions do not end here. Together with partner firms like **21Shares**, **Bitwise**, and **Canary Capital**, the company has submitted applications for spot ETFs to the **Federal Register**. Bloomberg Intelligence currently estimates a **90%** probability of approval, signaling an impending wave of institutional capital ready to enter the market.
Solaxy: The Key to Solana’s Scalability Challenges
As all eyes fixate on Solana’s Layer-1 performance, the real narrative lies in the undercurrents. **Solaxy** is making strides, with the fundraising numbers reflecting a growing understanding among investors about its critical role in addressing Solana’s **scalability, congestion**, and **stability** issues that have hindered it from usurping Ethereum in the smart contract domain.
The upcoming launch of Solaxy aims to significantly heighten Solana’s **throughput**, enabling it to manage increased traffic from gaming, meme coins, and decentralized finance (DeFi) without compromising transaction **speed**. The Solaxy team has already implemented several performance improvements, including:
- **Faster node restarts** for enhanced syncing.
- **Stabilization** of the test environment.
- **Optimized rollup handling** to improve transaction performance.
Their **User Interface** has also undergone fixes to ensure a more responsive and production-ready platform. Soon, Solaxy’s native bridge will be operational on Testnet, allowing investors to glimpse how this Layer-2 solution will function in real-world conditions.
Competing in DeFi: Why Solana Needs Solaxy
Despite Solana’s robust scalability—leading the DEX market with over **$3.88 billion** in weekly volume—raw speed alone isn’t enough for DeFi supremacy. Ethereum continues to hold a competitive edge, primarily built upon its superior **network stability**.
Historical outages, including Solana’s **20-hour halt** in 2021, highlight major vulnerabilities that wouldn’t hold up in traditional finance. Payment giants like **Visa** and **Mastercard** set the bar for transactional throughput and reliability, reflecting the standards any prospective financial network must eventually meet. To effectively compete with traditional finance (TradFi), Solana requires a supplementary engine.
Solaxy serves as that vital **second engine**, acting as a co-processor that absorbs overflow and keeps the primary chain running efficiently, even during traffic surges. As Solana grows, so too will the demand for Solaxy’s **infrastructure** and its native token, **$SOLX**. This token is thus positioned as a crucial asset for scalability, directly linked to Solana’s expansion into high-throughput case scenarios like DEX trading and yield farming.
Join the Solaxy Presale Today
With the promise of delivering real transformative changes, **$SOLX** is not just a digital token but a mechanism for a more robust and capable Solana ecosystem. Interested investors should visit the Solaxy website to secure their stake before the opportunity fades.
Newly acquired **$SOLX** tokens are ready for immediate staking, featuring a **dynamic APY** of **113%**, which adjusts based on pool activity and participant volume. For optimal asset management, using the **Best Wallet** is recommended, providing seamless multi-chain support across both Solana and Ethereum.
Stay updated by joining the Solaxy community on **Telegram** and **X** (formerly Twitter) for real-time announcements and community interactions.