Solana ETF application accelerates to explosive growth, staking heat with Solaxy pre-sale surpassing 53 million in the last 6 days before token distribution.

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The concept of Solana spot ETF is making a strong comeback. As we enter mid-June, the crypto market is once again focusing on Solana. Following the successful listing of Bitcoin and Ethereum ETFs earlier this year, Solana, as the fifth largest cryptocurrency, is also heading towards a critical moment for ETF approval. According to reports from Bloomberg and several analysts, seven asset management firms have simultaneously submitted updated S-1 documents to the U.S. Securities and Exchange Commission (SEC) on June 13.

The applying institutions include major issuers such as Fidelity, 21Shares, Grayscale, and Bitwise. Unlike previous Bitcoin and Ethereum ETFs that focused solely on price tracking, the biggest highlight of the Solana ETF document is the comprehensive introduction of a new design featuring "staking rewards" and "physical redemption," which will create new motivations for institutional capital to enter the market.

The revised version submitted this time not only details how to participate in staking with the SOL held by the ETF, contribute to network security, and earn returns, but also reveals the mechanism by which investors can choose to "withdraw actual SOL," allowing for direct exchange of the native Token from the ETF, rather than being limited to fiat settlement.

This innovative mechanism is seen as a significant turning point in the development of ETFs and could make Solana the first official ETF case directly linked to on-chain actual earnings. Both PolyMarket and Bloomberg believe that the Solana ETF has over a 90% chance of being approved by the end of 2025, and it is more likely to enable staking features simultaneously with the Ethereum ETF, officially ushering in the "Staking ETF era."

Solaxy's presale has surpassed 53 million USD, with the final sprint in the days leading up to the token distribution!

As the Solana main chain itself welcomes an institutional wave, the Layer 2 ecosystem has quietly started up and has become the market focus with astonishing presale enthusiasm. Solaxy ($SOLX), as the first Layer 2 chain solution designed specifically to address the congestion and TPS bottleneck of Solana, has set a presale fundraising record of $53 million in just a few weeks. It not only becomes the largest Solana presale project by scale in 2025, but also allows users to acquire Solaxy at a price below the listing price before the token distribution and listing on Monday, June 23, at 2 PM UTC (10 PM Taiwan time).

Solaxy has also quickly attracted investors' high attention to its price trend after going live. According to official data, the current price of Solaxy is $0.001766, the presale will end on June 23 and will open for Token distribution, and the remaining time can be described as the "last golden moment to enter."

The core goal of Solaxy is to offload the transaction processing of Solana, achieving a processing speed of over 10,000 transactions per second through off-chain computing, transaction bundling, and a more efficient VM design, far exceeding Solana's original chain's 6,500 TPS. This design not only effectively reduces transaction failures and delays during peak periods but also provides a stable operating environment for high-transaction scenarios such as DeFi and blockchain games. In fact, Solaxy has successfully deployed a test network, processing over 1 million transactions, and has passed the smart contract audit by Coinsult, laying a technical foundation for the mainnet launch.

In addition to Layer 2 functionality, Solaxy has also launched the Igniter Protocol, which is an on-chain Token issuance platform that mimics and optimizes Pump.fun, allowing users to create their own Tokens with just a few clicks. Since Pump.fun has generated over $700 million in revenue since its launch last year, the Solaxy team expects Igniter to trigger another wave of meme coin issuance, making SOLX a key fuel in this process.

The dual focus of institutions and retail investors may lead to a dual-axis explosion in the Solana ecosystem.

The current situation has led the market to reach a clear consensus: the ETF concept of Solana will introduce a large amount of long-term stable funds, while Solaxy will become the first beneficiary in the Layer 2 track under this wave of capital. Analyst Umar Khan pointed out that after the technical application of Solaxy combines with market enthusiasm, it has the potential for a 100-fold return, and Crypto Nitro also holds a highly bullish expectation for its performance after being listed. This is not only an affirmation of a technical project but also another test of whether Solana, after deepening its scalability and application layer, can challenge Ethereum's position in the future.

For investors who have not yet participated, the countdown for the Solaxy presale has begun in its final days. Once it is listed on exchanges, the price will be determined by market supply and demand, at which point the cost of entering may rise significantly. If the ETF can successfully launch in the second half of the year, the entire valuation of the Solana ecosystem will be reassessed, providing tremendous potential for SOLX. Investment opportunities sometimes only remain for those willing to act early.

Last chance to purchase Solaxy on the official website

Conclusion: The breakout point for Solana has arrived, from ETF to the co-construct upgrade cycle of Solaxy.

The cryptocurrency market has never been short of narratives, but moments that truly convert narratives into value are rare. Solana has entered a dual upgrade cycle this year, with one end being the institutional pathway of ETF approvals, and the other end being the Solaxy project that optimizes underlying performance. The two support each other, attracting new funds to enter the market while improving infrastructure stability, allowing for more future applications to be implemented.

This is not just a revaluation of Solana, but also a redefinition of the entire public chain track. As institutional investors buy into ETFs and retail investors participate in the SOLX presale, we are witnessing a new shift in crypto asset logic. This summer belongs to Solana, and also to those who are willing to bet on the new landscape early.

Disclaimer

Investing in cryptocurrencies is risky, with significant price fluctuations that may lead to financial losses. This article is for reference only and does not constitute investment advice. Please do your own research (DYOR) and make cautious decisions.

This article discusses the accelerated approval of the Solana ETF application, the surge in staking, and the Solaxy presale breaking through 53 million. With only 6 days left before the token distribution, it first appeared in Chain News ABMedia.