The Nasdaq exchange recently filed an application with the SEC to include Solana (SOL), XRP, ADA, XLM, and other major altcoins in its Crypto Asset Benchmark Index. While this appears as a minor index adjustment, it could mark a pivotal shift in traditional finance's regulatory recognition of altcoins.
Amid Solana's growing prominence, a standout project within its ecosystem — Solaxy ($SOLX) — has captured significant attention. This Layer 2 revolution focuses on scalability, reduced fees, and innovative use cases.
Traditional Finance Signals Confidence in Solana
The proposed rule change (19b-4) seeks to replace Nasdaq’s current "Crypto US Settlement Price Index (NCIUS)" with the broader "Nasdaq Crypto Index (NCI)", expanding coverage beyond Bitcoin and Ethereum to include nine assets like XRP, SOL, and ADA.
Key implications:
- Reduced ETF tracking errors via diversified asset exposure.
- Potential SEC approval by November 2023, paving the way for institutional adoption.
👉 Explore how altcoin integration could reshape portfolios
Solaxy: Fueling Solana’s Layer 2 Revolution
Solaxy’s $46.5M presale — the largest in Solana’s history — underscores its potential to address network congestion through:
- 10,000 TPS throughput via off-chain computation.
- Scalability for DeFi, gaming, and real-time settlements.
Igniter Protocol: A launchpad for token creation (akin to Pump.fun), designed to:
- Lower entry barriers for creators.
- Drive $700M+ revenue potential back into the Solaxy ecosystem.
Market Frenzy and FOMO
With 5 days left in its presale:
- $SOLX** priced at **$0.00175 (market-driven post-listing).
- Analysts project 100x growth, citing Solana’s rising usage fees.
👉 Secure Solaxy tokens before exchange debut
Conclusion: Solana’s Crossroads of Finance and Web3
From Nasdaq’s index move to Solaxy’s infrastructure push, Solana is evolving into a bridge between traditional finance and decentralized applications. Solaxy’s Layer 2 solutions may well define the next chapter of this ecosystem.
FAQ Section
Q: When will Nasdaq’s index change take effect?
A: Pending SEC approval, likely by November 2023.
Q: What sets Solaxy apart from other Layer 2s?
A: Its dual focus on scalability (10k TPS) and ecoship growth (Igniter Protocol).
Q: Is $SOLX a good investment?
A: High-risk, high-reward. Always conduct DYOR given crypto volatility.
Disclaimer: Cryptocurrency investments carry risks. This content is informational only and not financial advice.
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