In a groundbreaking development for the Solana ecosystem, Nasdaq has announced the addition of SOL to its Crypto US Settlement Price Index (NCIUS), coinciding with a massive $46 million investment in Solaxy, the first-ever Solana Layer-2 solution.
This milestone announcement comes as BlackRock’s Bitcoin ETF reaches a record $70B in assets under management, demonstrating the growing institutional appetite for crypto investment vehicles.
Nasdaq’s Multi-Asset Crypto Index Expansion
The June 7 filing reveals Nasdaq’s plans to expand its crypto index beyond Bitcoin and Ethereum, incorporating Cardano, Solana, Stellar Lumens, and XRP. This strategic move positions Solana, with its $83.7B market cap, for potential inclusion in the first-ever multi-asset crypto ETF.
Solaxy: Revolutionary Layer-2 Solution
The timing of Solaxy’s $46M fundraising demonstrates growing confidence in Solana’s infrastructure expansion. The Layer-2 solution addresses critical scalability challenges, promising zero downtime and enhanced transaction reliability.
Key Features of Solaxy ($SOLX)
- Multi-chain compatibility with Ethereum
- Advanced scalability solutions
- Reduced transaction failures
- Current token price: $0.00175
- 2025 price target: $0.025 (1300% potential growth)
Solana’s Expanding Validator Ecosystem
The network’s maturation is evident in its diversifying validator client base, including:
- Jito-Solana: Pioneer in MEV solutions
- Firedancer: High-performance modular client
- Sig: Optimized for dApp workloads
- Paladin: Enhanced transaction security
- TinyDancer: Mobile-optimized light client
FAQs
When will Solana be added to Nasdaq’s index?
The addition is scheduled following the June 7 filing, with implementation expected in Q3 2025.
What impact could ETF inclusion have on Solana’s price?
Based on Bitcoin and Ethereum ETF performance, institutional investment could significantly increase buying pressure and market capitalization.
How does Solaxy compare to existing scaling solutions?
Solaxy represents the first Layer-2 solution specifically designed for Solana, combining Ethereum’s reliability with Solana’s speed advantages.
As the crypto market continues to mature, Solana’s inclusion in Nasdaq’s index and the emergence of Solaxy mark significant milestones in the blockchain’s evolution from an alternative network to a cornerstone of institutional crypto investment.
