Solana, like Ethereum and other altcoins, is struggling right now, with its price currently at $125 per SOL, over 58% down from its ATH. But could the approval of an ETF finally put an end to this decline? As the Chicago Mercantile Exchange (CME) in the United States prepares to introduce Solana (SOL) futures products on March 17, experts predict that the chances of approval for Solana spot ETFs have also increased.
These futures contracts will be among the first regulated Solana futures in the U.S. following Coinbase’s launch in February. This move is considered an important step toward the approval of Solana ETFs. Some experts believe the U.S. Securities and Exchange Commission (SEC) could approve spot Solana ETFs as soon as May.
Solana Struggles, but Could an ETF Approval Mark a Turning Point?
Futures contracts are agreements to buy or sell an asset later for a set price. They are important for approving spot cryptocurrency ETFs because they provide a regulated way to measure the asset’s performance. The introduction of regulated Solana futures shows that the crypto is becoming more established, which may make it easier for regulators to approve financial products like ETFs.
Although meme coins have contributed to Solana’s recent growth, futures and ETFs could help broaden its appeal. These financial products could attract long-term investors and lead to more practical uses for Solana, such as payments and remittances. This could provide a more stable source of revenue, especially during periods when the market is down.
Solana’s trading activity has been on par with Ethereum’s, and its native token, SOL, has outperformed Ether since early 2024. With Ethereum facing hurdles such as lower transaction fees following the Dencun upgrade, Solana is emerging as a strong alternative for retail investors seeking opportunities beyond Bitcoin.
$SOL finally finding some footing in short term movement. This could be the movement we're waiting for! pic.twitter.com/toGJ56lXu7
— Crypto Virtuos (@CryptoVirtuos) March 13, 2025
Solana’s price seems to have found some relief, but it’s too early to determine whether this is a solid rebound or a short-lived pump.
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Could Solana ETFs and Layer-2 Solutions Like Solaxy Unlock the Next Growth Phase?
As Solana continues to grow, its network has faced increasing congestion, leading to failed transactions and slower processing times. While the potential approval of Solana ETFs could bring in more institutional investors, the blockchain’s scalability issues remain a major concern. This is where Solaxy ($SOLX), the first Layer-2 solution for Solana, comes into play.
Solaxy is designed to enhance Solana’s scalability by bundling transactions before sending them for confirmation. This roll-up system reduces congestion, improves speed, and ensures smoother operations for users and developers. With Solaxy, decentralized finance (DeFi) applications, NFT projects, and gaming platforms can function more efficiently and lower costs.
The project has already gained massive attention, raising over $26 million in its presale. Solaxy aims to combine the best of Solana and Ethereum, offering high scalability, cross-chain interoperability, and near-zero transaction fees. These improvements could position Solaxy as a key player in the crypto ecosystem.
Many analysts believe Solaxy has the potential for significant growth, with some even predicting a 100x return. The project offers high staking rewards (156% APY), making it attractive for investors looking to earn passive income. In addition, Solaxy’s integration with Ethereum liquidity makes it even more appealing for large-scale staking and DeFi projects.
Solaxy Price Prediction – How High Can It Go?
Experts predict that Solaxy’s price will be influenced by market trends, adoption rates, and exchange listings. By 2025, increased demand could push $SOLX toward $1.00, while long-term forecasts suggest a potential rise to $6.50 by 2030.
Crypto influencers, including ClayBro, have highlighted Solaxy’s potential, suggesting that the project could see a 50x price rally in the near future. If adoption continues to grow, Solaxy could become one of the top Layer-2 solutions in the market.
As Solana’s first Layer-2 blockchain, Solaxy could help solve network congestion issues, making the entire ecosystem more competitive. If it succeeds, it could attract both retail and institutional investors, solidifying its place as a major player in the crypto market.
With Solana ETFs potentially on the horizon and Layer-2 solutions improving scalability, Solana’s future looks interesting. Solaxy might just be the missing piece that takes it to the next level.
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- Solana’s Price Decline – SOL is down 58% from its all-time high, but ETF approval could help reverse the trend.
- CME’s Solana Futures – The March 17 launch of Solana futures could increase the chances of a spot ETF approval by May.
- Institutional Investment Potential – ETFs could attract long-term investors, boosting Solana’s adoption in DeFi and payments.
- Competing with Ethereum – SOL has outperformed ETH in 2024, positioning itself as an alternative for retail investors.
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