Solana (SOL) Back in the Spotlight as Bullish News Stacks Up – Led by Nearly $12M Buy-In

Solana (SOL) is heating up again as new bullish news arrives.

DeFi Development Corp, Inc (NYSE:DFDV) is continuing to accumulate Solana, having recently purchased 82,504.50 SOL at an average price of $0.001716. The new tokens will be added to the company’s validator infrastructure, which already carries a delegated stake of approximately 500,000 SOL.

The new purchase comes just days after DeFi Development Corp announced it had acquired a Solana validator operation for $3.5 million, paid via $3 million in restricted DFDV stock and $500,000 in cash. The acquired infrastructure has an average delegated stake of approximately 500,000 SOL, or roughly $75 million in value. At an 8% yield, that’s about +40K SOL/year = $6M at $150. A strategic move to deepen DFDV’s SOL accumulation playbook.

The company is also planning to use its own cryptocurrency, DFDV, to purchase additional SOL, which will be staked through the company’s validator infrastructure.

The move is part of a broader digital asset treasury strategy that DeFi Development Corp launched last year, with the goal of accumulating high-upside crypto assets.

Earlier this year, several institutions applied for spot Bitcoin and Ethereum ETFs, including products focused on Solana. Among the applicants were VanEck, 21Shares, Bitwise, and Canary Capital, who filed applications for ETCs and ETFs with the U.S. Securities and Exchange Commission (SEC) in February. According to Bloomberg Intelligence, the approval odds for spot bitcoin and ethereum ETFs are now 90%.

While Solana boasts impressive speed, its monolithic architecture, where all operations occur on-chain, leaves it vulnerable during peak activity. In contrast, Ethereum has opted for a modular approach, relying on Layer-2 chains to handle a portion of the workload during periods of high demand.

As reported by Solana Status, at the peak of congestion last year, up to 70% of transactions were failing.

At the same time, several reports from crypto news outlets and users on X highlight the struggles Solana encountered during periods of high demand. For instance, Whale Insider reported a 75.7% transaction failure rate on Solana in April 2024.

However, some users claimed that the number could be even higher, reaching as high as 90%. This showcases the critical need for a scalable solution to enable Solana to handle periods of high demand without significant failures.

Enter Solaxy, Solana’s first true Layer-2, designed to alleviate pressure by processing transactions off-chain and submitting them back for finality.

At its core, Solaxy utilizes rollup technology to bundle thousands of off-chain transactions into a single, compact submission to the Solana mainnet, reducing on-chain load while preserving data integrity and finality.

The implication is a more scalable and reliable Solana, capable of powering DeFi, meme coin trading, games, and next-gen dApps without freezing under pressure.

Moreover, Solaxy’s testnet is live, providing developers with a sandbox to stress test and prepare for mainnet.

This testing phase is crucial as it allows developers to adjust their dApps to handle potential issues that might arise during periods of high demand, ultimately enhancing the overall performance of the ecosystem.

Solaxy has also launched its own block explorer, offering real-time visibility into testnet activity. Such transparency is rarely seen with presale-stage projects.

Together, these milestones show that Solaxy isn’t just building – it’s delivering.

If you missed buying Bitcoin early or if you missed Solana, then you might want to pay attention to Solaxy.

According to data from VanEck, the price target for Solana this year is $520. At the current price, this would result in a 3.5x return for investors. However, for those who managed to purchase SOL at $0.50 during the presale, the return would be an incredible 1,040x.

Of course, those early-entry days are gone, so where’s the next shot at a Solana-style return? It might not be Solana itself – but the infrastructure that scales it.

As more transaction load shifts to Solaxy, SOLX could become the high-utility token powering Solana’s growth. For those chasing the next 1,000x – this may be it.

Now’s the moment for maximum gains – join the presale and get the lowest price possible for SOLX.

Visit the Solaxy website and connect your wallet to join the presale.

Newly purchased SOLX tokens can be staked immediately, earning a dynamic 120% APY, which adjusts based on pool size.

For the smoothest