Two major institutional players at Sol Strategies and Defi Development Corp recently injected $509.9 million to match Solana Treasury’s incentives. The investment strategy reflects micro-tactics, but this time it’s Solana ($sol) rather than Bitcoin ($btc).
These substantial large capital has flowed into $sol, suggesting a bright future for Solaxy, the world’s first Solana Layer-2 (L2) network.
Its native token, $solx (a new meme coin from previous sale), may even be the catalyst solana needed to outperform Ethereum in market domination.
Sol Strategies’ Solana Treasury grows to over $540 million
Sol Strategies currently holds $40.4 million worth of $SOL, securing an additional $500 million on Wednesday, bringing its total holding to $540.4 million.
Many of this $SOLs are locked to the network. It will strengthen Solana’s stock participation, increase network security and lower token floats. Each could significantly increase the price of the token.
On the same day, Defi Development Corp purchased a locked $9.9 million worth of $SOL through Bitgo’s over the counter desk. Although it cannot be transferred yet, the assets were acquired at a discount. In this way, the company was able to expand its long-term Solana Treasury Department to $48 million worthy of praise.
$SOL jumps 20% when pressure gets hot
Supported by these recent institutional influx and favorable market sentiment, $SOL has increased by 20% over the past two weeks, surpassing both $BTC and $ETH.
These large capital commitments demonstrate strong confidence in Solana’s long-term potential. Given Ethereum’s late performance, some investors and companies even say that $Sol could surpass $ETH as the second-largest crypto.
“It appears Solana is eating Ethereum lunch. If more investors get bored of waiting for Ethereum to play, they probably have a flaw in Solana, which will increase the demand for the coin. – Nasdaq
This perspective may not be far away as the relative strength index (RSI) of $SOL is 66.54. Technical indicators reflect intense purchasing pressure and market confidence, as they are bordered by assets close to overbuying territory (70).
Solana network speed is not a pain
However, despite being widely known for its high speed and low rates, Solana is not affected by a common critical vulnerability: peak demand network congestion.
As adoptions grow, Solana’s throughput can reach its limits when driven by the best memecoin, defi protocols and current major institutional investments (again!).
Such incidents suggest that Solana needs stronger infrastructure to handle unpredictable traffic surges. Thankfully, Solaxy is built to solve this problem.
Solaxy intervenes when Solana stalls
By offloading transaction volumes and handling chain-moving microtransactions, Solax prevents congestion-related failures such as those seen during card token launches.
It also allows for seamless cross-chain transfers between Solana and Ethereum. This allows you to easily move assets across two major platforms and access a wider user base.
As a result, $SOLX is currently one of the best pre-crypto registrations to invest in, already raising over $31.5 million.
Beyond L2 innovation, $SOLX PRESALE is attracting attention for its high-yield staking opportunities offering 129% APY. A significant 25% of the token supply is reserved for such rewards.
Considering that 30% of the supply caps are allocated for development, we are seeing sustained growth in the Solaxy ecosystem.
Buy $solx to support Solana Flip Ethereum
As institutional confidence in Solana grows and an additional $59.9 million is poured into Solana Treasury Incentives, it is clear that $Sol is becoming a serious candidate for $ETH.
However, as momentum increases, demand increases, and the Solana network has a history of pressure.
Luckily, this is where Solaxy enters the photo. As the first Solana L2, it is the gateway to Solana’s long-term resilience and can overtake $eth in market domination.
However, in order for Solana to reach this next level, it will efficiently scale while maintaining its best performance under pressure and support Solax’s ecosystem problems.
To actively participate in the infrastructure needed to boost Solana’s future, you can purchase $Solx on Presale for just 0.001704 pieces.
The Solaxy launch is projected to push the price to $0.032 by the end of the year, a 17-fold increase compared to its current value, so there’s no more time to attend.
Disclaimer: This is not financial advice. Cryptocurrency investments are unstable and take risks. Don’t invest more than you’re sad to lose.
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