SEC Paul Atkins’ Speech Reignites DeFi Market
In early June 2025, a speech by Paul Atkins, a member of the U.S. Securities and Exchange Commission (SEC), sparked renewed enthusiasm in the DeFi market. During a roundtable forum on Monday, he stated, “The right to self-custody of private property is the foundation of the American constitutional spirit.” While this statement may sound abstract, it implies a certain loosening of control over the future of decentralized finance (DeFi). Compared to former SEC chair Gary Gensler’s high-pressure stance, this position is a complete 180-degree turn.
This historic dialogue, dubbed “DeFi Day,” caused major DeFi tokens like Uniswap (UNI), Aave (AAVE), and Sky to surge by over 20%, making them the darlings of the market.
Binance founder CZ even stated, “This is a continuation of the DeFi Renaissance.” Apart from these established blue-chip tokens, there are several new projects in the pre-sale phase quietly competing for the next narrative dominance, with Solaxy being a recent hot topic among crypto investors.
Solaxy: Solana’s Layer-2 Scaling Solution with Zero-Knowledge Technology
Solaxy ($SOLX) is a Layer-2 solution developed on Solana, focusing on reducing on-chain congestion and transaction costs. It utilizes zero-knowledge aggregation mechanisms to process off-chain transactions before settling on Solana, giving it an advantage in speed and efficiency. From DeFi applications to blockchain gaming, its positioning is clear, leading to a successful fundraising of over $47 million in the pre-sale phase, reflecting market confidence.
Currently priced at just $0.001752, the SOLX token undergoes price adjustments every two days, with the pre-sale ending in 5 days. Participants can potentially earn profits based on the phased price increase mechanism. According to the project team, SOLX will be listed on mainstream exchanges and have liquidity deployment simultaneously, potentially aiming for a tenfold increase upon listing.
Solaxy also offers a native DEX and Igniter platform, allowing for quick token issuance without coding. With a high staking yield of up to 96%, it attracts significant capital lockups, achieving a liquidity loop of locking equals earnings. Additionally, the official BestWallet wallet supports overall asset management, creating a seamless Web3 user experience.
Conclusion: DeFi and New Tokens in Resonance
Solaxy is currently in the final countdown stage of the pre-sale, with only 5 days left but having raised over $47 million, setting a new high for this year’s new token pre-sales in terms of community users and fund pools. The market generally expects the final fundraising amount to reach $50 million, making it one of the most anticipated Layer2 projects in the Solana ecosystem in 2025.
Amidst the FOMO frenzy from DeFi and GameFi investors, especially with Solana hitting new highs, traders are betting heavily on Solaxy potentially seeing a tenfold or even higher increase after being listed on CEX.
Risk Disclaimer
Cryptocurrency investments come with high risks, and prices may fluctuate dramatically, resulting in potential loss of all invested capital. Please assess these risks carefully.