The cryptocurrency scene is quite active these days, thanks to Solana (SOL) being able to hit yet another increase in their number of monthly active addresses
Cryptocurrency scene is buzzing these days, thanks to Solana (SOL) managing to hit yet another increase in their number of monthly active addresses, which is a positive sign for the future despite the bearish market that exists at the moment. Also, some believe that Solana ETFs would eventually get the green light and make way for a fresh bout of institutional interest led by Matt Hougan, CIO at Bitwise.
In addition to this developing excitement, another project that is less hyped up, Rexas Finance, was able to capture the interest of an Ethereum millionaire during its viral presale positioning itself to be a game changer in the Real World Asset (RWA) tokenization at the time.
Here are some of the updates regarding Solana and some insights as to why Rexas Finance is gaining a lot of attention from investors.
Solana Hits New Milestone in Monthly Active Addresses
While Solana (SOL) experienced weaknesses in price performance owing to the recent downturn of cryptos including bitcoin, Solana market features are intact. According to Artemis’s statistics, active monthly addresses in Solana reached a historical peak and such data signifies the growth of the user base and usage of the network. This metric jumped from 42 million on September 1 to 76 million as of the latest data, marking a staggering increase in just a short period.
The rise in monthly active addresses suggests a deepening commitment to the Solana ecosystem, even though daily active addresses remain relatively low, reflecting short-term caution among traders amid prevailing market uncertainty. The discrepancy between long-term and short-term interest could be attributed to fear and uncertainty in the current crypto landscape, but overall, the growth in monthly users signals that many see Solana as a long-term play.
Bitwise CIO Bullish on Solana ETFs
As Solana’s network is expanding, solicitors of the cryptocurrency ETFs Solana are in the spotlight anew. In the course of a conversation, the senior executive spoke of how important it is for retail and institution investors to have a well-constructed framework for investing in cryptocurrencies like the Solana through the ETF structure, with low associated risks and costs. He encapsulated that Bitwise is patient, but observant of the SEC and actively pursuing the launch of SOL ETF. After the regulatory office depopulated the approval pending schedule for Solana ETFs since they do not know if SOL can become a security, Mr. Hougan landed without delays his optimistic visions of what tomorrow might bring. Interestingly, countries such as Europe and Brazil have previously given the green light to investment schemes like the Solana ETFs, indicative of the growing interest in SOL internationally.
SOL was seen trading at $133 and expressed an increase of 1.6% within the last 24 hours. It is true and evident that Solana experienced some price fluctuations as per the movement for the past twenty-four hours however the fact that the firm can continue increasing its network and yet remain a subject of regulatory attention and institutional focus speaks of the prospects of the firm.
Rexas Finance: The Viral Presale Token Attracting Ethereum Millionaire Attention
Though Solana is still making the news, the snappily named Rexas Finance (RXS) is also doing great things in silence. Rexas Finance presale has attracted some key players who are in Crypto, including an Ethereum millionaire who has made a large investment in the project.
There is a Real-World Asset (RWA) tokenization platform that has its center in every user’s Rexas finance. The RWA platform allows users to tokenize real-world things, for example, real estate, art, commodities, and intellectual property, into the blockchain. Rexas Finance is trying to revolutionize investment buying by letting people who own high-value assets own each asset in fractions to allow equal opportunities that prevail to rich individuals and organizations only.
Why Rexas Finance is Gaining Traction
Presale Momentum: Stage 2 Success
Rexas Finance is under Stage 2 of its presale and the figures speak for themselves. The presale has completed $1,017,793 of $1,250,000 in a head start with 1 RXS priced at $0.040, and 29,194,816 tokens out of 35,000,000 sold out. Since the demand for the product will further increase, the price of the token will increase to $0.050 in the next stage, providing a golden opportunity to early investors as early as within the next stage, where it is much lower than what the market will have.
The Future of Asset Management: Why Rexas Finance Stands Out
Though Solana is gaining a reputation as a unique blockchain platform specializing in dApps and NFTs, in the case of Rexas Finance, the focus is placed on a rapidly developing segment — real-world assets. There are significant advantages in tokenizing real-world tangible assets onto a blockchain such as liquidity and reach into the market which helps revolutionize industries such as real
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