Solana Listed on Nasdaq as Solaxy, the First SOL Layer-2, Raises $46M
NASDAQ has integrated crypto with traditional investing since 2025, recently adding Cardano, Solana, Stellar Lumens, and XRP Ledger to its Crypto US Settlement Price Index. BlackRock’s Bitcoin ETF reached $70B in assets rapidly, indicating growing interest in cryptocurrencies beyond Bitcoin and Ethereum. Exchange-Traded Funds (ETFs) allow investors to gain exposure to assets without direct purchases, appealing to both retail and institutional investors. Bitcoin ETFs represent 6% of its market cap, while Ethereum ETFs account for 3.13%. Solana is expanding its ecosystem with new validator clients and the upcoming Solaxy Layer-2 solution, addressing issues like transaction failures and congestion. The Solaxy presale has attracted $46M, with potential for significant token price increases. Nasdaq's listing of Solana and the potential ETF could drive institutional demand, positioning Solana and Solaxy as key players in crypto finance.
