Solaxy: The First EVER Solana Layer 2 That Finally Fixes Solana

Bitcoin (BTC) and Ethereum (ETH) ETFs pushed institutional crypto adoption this year to new highs. In light of the new, crypto-friendly US presidential administration and broader rally, Bloomberg analyst Eric Balchunas expects to see more crypto ETFs rolling out next year. This may include XRP (XRP), Solana (SOL), and dual ETFs.

After a brief dip below $2.40 last week, XRP rebounded to $2.50 and now ranks the third-largest crypto by market cap, surpassing USDT by a mere $2 million. Meanwhile, SOL struggles to recover to its November high of $262.93.

Still, both tokens have shown impressive performance this year and may see more upside if Balchunas is correct in his predictions.

Experts Predict the Arrival of LTC, HBAR, XRP, SOL ETFs (With a Catch)

Balchunas outlined several ETFs we’re most likely to see in 2025, albeit not all at once: Litecoin (LTC), Hedera (HBAR), XRP, SOL, and a BTC/ETH combo fund.

However, he believes LTC ETFs will come first as LTC is a hard fork of BTC and is not labeled as security by the Securities and Exchange Commission (SEC). Similarly, HBAR doesn’t face any legal issues with the SEC.

XRP and SOL ETFs would have to wait until Gary Gensler leaves his position, as the current SEC administration perceives both tokens as securities–even after the Court proved otherwise.

Donald Trump appointed a crypto ally Paul Atkins as the next SEC chairman, who may relax the grip regulators hold on these assets.

Hashdex, Franklin, and Bitwise have already applied for dual BTC and ETH ETFs, while Canary is the only filer for LTC and HBAR ETFs. Balchunas added he’s unsure whether there’s investor demand for altcoin ETFs.

Solaxy Aims to Fix Solana’s Scalability Limitations, Introduces a New Application Layer

Rumors about a SOL ETF have been spreading for a long time. However, once the third-largest crypto, SOL is now lagging behind XRP by $40 million, which may have to do with questionable Solana network performance.

Solana has a history of congestion, failed transactions, and outages. The last major outage happened in February 2024 and lasted nearly five hours.

In a way, Solana is the victim of its own popularity. Thousands of meme coin projects launched on Solana due to its high transaction throughput, high speeds, and no-code tools like Pump.fun. And, by the looks of it, Solana wasn’t ready to handle that influx.

The new Layer-2 solution Solaxy builds upon Solana’s scalable infrastructure to make it more reliable and cheap. By offloading transactions from the main chain, Solaxy prevents congestion and outages.

Solaxy’s native token, $SOLX, is more than a means of paying gas fees. Its multi-chain architecture makes it a bridge between Solana and Ethereum, which means it pulls activity from two massive ecosystems and allows for smooth cross-network transfers.

$SOLX is now available on presale at $0.001566, but the price will increase in less than 44 hours and 30 something minutes as of right now. The project has raised nearly $2 million in a week, most of which will go toward the network’s development.

A significant part of the funds will be distributed to early adopters in the form of staking rewards. The current staking APY of 1,827% presents a prime opportunity to maximize potential returns when $SOLX lists on major exchanges.

To support Solaxy or join in the action, visit the official Solaxy website or head over to its X channel to learn more.

Could Solaxy Push Solana to #3 Again?

It may be too early to claim SOLX is the next 100x crypto. However, it could be the much-needed solution to Solana’s shortcomings, and many altcoins are booming right now.

If Solaxy helps Solana to solve the blockchain trilemma of scalability, security, and decentralization, it could push demand for SOL, and open the door to SOL ETFs.

On top of that, Solana developers would get an entirely new layer to build applications on during this bull run. This means we might see many innovative projects that were previously unimaginable.