SolanaVM ($SVM) Launches on Tier-1 CEX with Strong Trading Volume
SolanaVM ($SVM) Launches on Tier-1 CEX with Strong Trading Volume
🚀 SVM's First Day Numbers
SolanaVM ($SVM), a protocol bringing EVM compatibility to Solana, has launched trading on MEXC exchange. The token achieved significant early traction with:
- Trading volume exceeding 10M tokens (~$250,000 USD)
- Token Generation Event (TGE) and listing occurred July 9, 2025 at 2 PM UTC
- Investors can claim tokens through solanavm.xyz
The project aims to enable seamless migration of Ethereum applications to Solana's high-speed network. Trading is now live on MEXC.
📊 10M Volume Since Listing Launch! Big rush for the long-awaited launch of $SVM on Tier-1 CEX! 🌍 Volume has already crossed 10 million SolanaVM tokens (~ 250,000 USD) 🟣 Start trading: mexc.com/exchange/SVM_U…
🟣 The Ticker is $SVM! ⚡️SolanaVM TGE and CEX listing go live tomorrow, July 9 at 2 PM UTC! Claim opens at solanavm.xyz (investors can already view their allocation) $SVM brings full EVM compatibility to Solana Get ready to be part of $SOL most powerful new layer!
Solana Foundation Partners with Dubai VARA for Economic Zone
The Solana Foundation has signed a Memorandum of Understanding (MoU) with Dubai's Virtual Assets Regulatory Authority (VARA) to establish a Solana Economic Zone. This follows their recent partnership with Dubai Multi Commodities Centre. Key developments: - Open relations between developers and regulators - No blockchain network restrictions - Creation of dedicated economic zone for Solana ecosystem This partnership marks a significant step in blockchain regulation and development in the UAE, potentially creating new opportunities for developers and businesses in the region. Want to learn more about Solana's expansion in Dubai? Visit [Solana Foundation](https://solana.org)
SolanaVM Staking Update Q1 2025
SolanaVM reports 30 million tokens staked in Q1 2025, marking a decline from the 80 million tokens staked in October 2024. The project continues development with community backing. - Current staking level: 30M tokens - Previous peak: 80M tokens (Oct 2024) - APR remains at 100% The team announces upcoming updates scheduled for Q2 2025. Staking remains available at [solanavm.xyz/staking](http://solanavm.xyz/staking). *Note: This represents a 62.5% decrease in staked tokens over 6 months.*
Trump to Announce Federal Bitcoin and Solana Strategy
President Trump is expected to unveil a comprehensive cryptocurrency reserve strategy at the upcoming White House crypto summit this Friday. The announcement, confirmed by the Commerce Secretary, will specifically address Bitcoin and Solana integration into federal reserves. Key points: - First-ever federal cryptocurrency reserve strategy - Focus on Bitcoin and Solana implementation - Potential shift in U.S. digital asset policy The move signals a significant shift in U.S. cryptocurrency policy and could establish America as a leader in digital asset adoption. This development may particularly impact Solana's market position and institutional adoption.
Grayscale Files for Spot Solana ETF Under Ticker $GSOL
Grayscale has submitted an application to the SEC for a spot Solana ETF, joining competitors VanEck and Bitwise in the race. The proposed fund, trading under ticker $GSOL, would become the largest Solana fund with $134.2M in assets under management if approved. Key developments: - Multiple firms now pursuing Solana ETF approval - Ethereum ETF launch targeted for July 23, 2024 - SolanaVM aims to bridge Ethereum and Solana ecosystems This expansion signals growing institutional interest in Solana's ecosystem alongside Ethereum's established presence. Want to learn more? Follow the regulatory progress at sec.gov