The post DeFi Project Raises Over $15,800,000 in 100 Days, Can It Mirror Solana’s ETF Rally? appeared on BitcoinEthereumNews.com.

As hype builds around the SOL ETF, investors are keeping a close eye on Solana price movements, but another project is stealing the spotlight: DTX Exchange. This exchange platform has raised $15.8 million in just 100 days, positioning itself as a leading altcoin. With Solana’s price volatility casting doubt on its long-term trajectory, analysts speculate whether DTX Exchange could surpass SOL ETF gains. Offering innovative trading features and exciting presale gains, DTX is emerging as the next big crypto. Let’s take a closer look at it.  SOL ETF Hype Builds, Why Is Solana Price Still Dropping? On February 21, Franklin Templeton formally filed an S-1 registration statement with the U.S. SEC to launch an SOL ETF. The suggested fund will follow changes in the Solana price, exposing investors to SOL without owning any shares. This application comes after Delaware established the Franklin Solana Trust, which was a significant step in approving the SOL ETF. With applications being submitted to the SEC by Franklin Templeton, Grayscale, Bitwise, Canary Capital, 21Shares, and VanEck, interest in an SOL ETF is growing. If the SOL ETF gets approved, Coinbase Custody Trust Company, LLC will manage the safe storage of Solana assets, and the Franklin SOL ETF will be listed on the Cboe BZX Exchange. Franklin Templeton’s SOL ETF offers investors an extra source of income through staking incentives, which is one of its primary features. The SEC’s classification of staking is still up in the air, though, and might affect the fund’s approval procedure. Whereas, the Solana price has entered the red zone during the last day, dropping 14.1% to $136 while trading volume has decreased by 35% to $8.75 billion. The Solana price has failed to reclaim the $200 level it lost some weeks ago. Owing to the market volatility and regulatory uncertainty,…

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Filed under: News - @ March 10, 2025 3:26 am