Solana’s Axiom Dominates Meme Coin Trading with $101M Volume Milestone

Axiom has achieved a significant milestone in the Solana ecosystem, with its meme coin trading volume surpassing $101 million for the first time. This achievement positions Axiom as a leading platform, accounting for 30% of the ecosystem’s trading users. The platform’s innovative features, including a Twitter tracker, Trace Wallet integration, and robust financial management tools, have contributed to its rapid growth. Meanwhile, Solana (SOL) has shown resilience, recovering from a recent crash to trade at $132 as of April 16, 2025. This article delves into Axiom’s rise and its impact on the Solana ecosystem.

Axiom’s Meme Coin Trading Volume Surpasses $100M on Solana

Axiom’s meme coin trading volume has hit $101 million for the first time, surpassing other platforms on Solana. Axiom accounts for 30% of the ecosystem’s trading users, followed by Photon and Bullx at 24% each. The platform boasts strong features such as a Twitter tracker, Trace Wallet integration, and financial management. Meanwhile, Solana (SOL) is trading at $132 after recovering from a crash on April 7. Axiom’s daily trading volume surged on Monday, reaching $101 billion (note: the original figure of $101,000 million seems to be a typo).

Canada Approves Solana ETFs with Staking

Canada has approved Solana ETFs following approval from the Ontario Securities Commission. Solana’s price jumped 25% in the past week, reflecting strong investor interest and growing network activity, including a record-breaking 355 million transactions. The ETFs offer potential extra rewards while contributing to network security, and TD Bank noted that staking yields for Solana could outperform Ethereum’s, providing an attractive incentive for investors. The ETFs will hold actual SOL tokens rather than relying on synthetic exposure and each will follow a unique index, offering different ways to gain exposure to the Solana ecosystem. Meanwhile, in the U.S., spot Solana ETFs are still awaiting approval from the SEC.

Canada to Release Earliest Spot Solana ($SOL) ETFs with Staking Capabilities

Canada is reportedly making a noteworthy development in the crypto ETF sector by authorizing four asset management platforms, 3iQ, CI, Evolve, and Purpose, to issue spot Solana ($SOL) ETFs with staking capabilities. These ETFs are anticipated to be released on the Toronto Stock Exchange this week. The Ontario Securities Commission (OSC) has approved the release of these ETFs, which will offer investors exposure to Solana while also allowing them to participate in staking.

Canada Launches First Staking-Enabled SOL ETFs

Canada has become the first country to launch a Solana spot ETF with staking. The Ontario Securities Commission (OSC) approved four asset managers—Purpose, Evolve, CI, and 3iQ—to offer the new spot Solana ETF. This ETF will invest in physical $SOL long-term and stake them to earn more rewards, potentially resulting in better returns than Ether staking. While the SEC approved a Bitcoin-pegged ETF in the US in January 2024, it is still considering a staking-enabled ETF. Grayscale’s proposal to introduce staking in its spot ETH ETFs is also on hold, highlighting Canada’s lead in this area.

Solana Price Prediction: Potential 5x Gain in 90 Days

Many traders argue that Solana (SOL) could soon rise, with a good price prediction suggesting an 11.68% boost is close. SOL currently trades NEAR $133.67 and has seen a 29.20% price change over the last week. Analysts mention that SOL might rise as high as $148.25 by the next quarter, marking an 11.86% rise from the current price. If Solana maintains its performance, analysts believe it has the potential to outperform others.

Solana Prediction: AI Sets SOL Price For April 20, 2025

The cryptocurrency market has been embracing change. The sudden explosion of exchange-traded funds (ETFs) has caught the attention of the entire globe. Canada became the first nation to launch a spot Solana ETF, but this news barely made a difference to SOL’s price. SOL has been a top-performing asset throughout the past year, jumping from a low of $96.59 to a new high of $294.33. However, SOL failed to retain its value over $200 and even plunged below $100 to a low of $96.59 just last week. The community is looking forward to the asset rising in the coming days.