Analysts Predict SOL USD will break $200 as the first ever Solana layer 2 – SOLX – goes viral with $35.5M raised in ongoing ICO

Solaxy ($SOLX) just smashed through the $35.5 million milestone, adding nearly $1 million in new capital since Monday's $34.6 million raise total.

Solana’s (SOL) price could hit $200 amid the U.S. asset manager VanEck’s launch of its first tokenized U.S. Treasury fund, VBILL, on the Solana blockchain.

As the first-ever Solana layer 2, Solaxy (SOLX) is going viral with $35.5 million raised in an ongoing ICO.

Solana’s Layer-2 Is Exploding

Solana’s price has shot up past the $180 mark as analysts predict that $200 is now firmly in sight. The timing couldn’t be better. As Solana’s first Layer-2, Solaxy is quickly becoming the go-to play for investors looking.

Those who prefer to stay put on the base layer can focus on VanEck’s move. The asset manager has announced the launch of its first tokenized U.S. Treasury fund, VBILL, in partnership with Securitize. The fund will provide real-time, on-chain access to Treasury-backed assets.

It’s available on Solana, Ethereum (ETH), BNB Chain, and Avalanche, with Wormhole enabling cross-chain interoperability. VBILL is a fully regulated product powered by Securitize’s full-stack services—from tokenization and fund admin to broker-dealer infrastructure—to offer optimal capital efficiency and liquidity to institutional players on-chain.

VanEck’s inclusion in the lineup signals a significant step forward for Solana in its bid to attract more institutional capital.

This move comes as four major asset managers—VanEck, 21Shares, Bitwise, and Canary Capital—have filed applications for spot Bitcoin (BTC) ETFs with the Federal Register. Bloomberg Intelligence estimates the probability of approval for these applications at 90%.

Once approved, these ETFs will allow investors to gain exposure to Bitcoin's price without directly buying the cryptocurrency itself, making it more accessible to a wider range of investors.

This could have massive implications for both Bitcoin and the broader crypto market, potentially leading to another bull market in the crypto space.

Solxay’s Presale Is Surging

Solaxy’s presale has smashed through the $35.43 million mark, adding nearly $1 million since Monday’s $34.6 million raise total.

This momentum comes as Solana’s price climbs past $180, with $200 now firmly in sight. The timing couldn’t be better.

As the first-ever Solana layer 2, Solaxy is quickly becoming the go-to play for investors looking beyond the base layer and toward the infrastructure powering its next leg up.

Its goal is to solve the congestion, instability, and scalability issues that have prevented Solana from overtaking Ethereum’s position in the smart contract space.

When it launches, Solaxy is expected to significantly increase Solana’s throughput, making it more capable of handling high traffic from gaming, meme coins, and DeFi, without sacrificing speed.

This will be crucial in the long run, as blockchain technology is still struggling to match the speed and efficiency of traditional financial institutions.

For instance, Visa and Mastercard can process thousands of transactions per second without any hiccups, while major banks in the U.S. process an average of 1,600 transactions per second. In comparison, blockchains like Bitcoin and Ethereum can only handle about five transactions per second.

This limitation can lead to network congestion and increased transaction fees, especially during periods of high activity or when popular coins like Shiba Inu launch on new chains.

To mitigate these issues and provide a more scalable solution, Solaxy is designed to pick up the overflow from Solana’s mainnet, functioning like a co-processor to keep the chain running at peak speed and ensure that protocols don’t stall during surges in traffic.

The greater the volume on Solana, the higher the demand for Solaxy’s infrastructure—and, by extension, its native token, SOLX.

If Solaxy delivers on its promise, here’s what comes next:

* As the first-ever Solana L2, SOLX is expected to experience a bull run in 2024.

* The token's price will continue to rise as more investors participate in the presale.

* With a large community and significant hype surrounding it, SOLX has the potential to perform exceptionally well in the post-presale market.

* Anticipation is already building as everyone eagerly awaits the launch of the layer 2 to handle Solana’s throughput.

* After the presale concludes, new investors can purchase SOLX on exchanges when it becomes available for trading.

* The timing couldn’t be better, as Solana’s price is approaching the psychological resistance level of $200.

* As traders rally the token, aiming for a retest of the $295.40