VegaX Strategy Release: Solana Investment Strategy Token — VSOL

VegaX Strategy Release: Solana Investment Strategy Token — VSOL

We are excited to announce the release of the VSOL strategy. Keep reading for more information about it:

What is VSOL?

VSOL stands for VegaX Solana Investment Product Token. VSOL aims to be the premier benchmark for Solana-based cryptocurrencies.

  • VSOL is a strategy designed to follow the top five Solana-based assets, including Solana’s native token, SOL, by tracking the index VSOLX.
  • Digital assets included in the strategy are selected based on market capitalization.

What is VSOLX?

  • VSOLX is the VegaX Solana Index.
  • VSOLX tracks the top five Solana native-tokens. Solana is the home of a number of protocols and dApps, and this number has grown to make Solana one of the leading blockchains in existence.
Graph of the digital assets included in VSOL
Graph of the digital assets included in VSOL

Why VSOL?

Since launching in March of 2020, Solana has become a force to be reckoned with in the crypto industry.

  • SOL, the Solana network’s native token, is up 4,000%+ YTD.
  • The total value locked in the Solana ecosystem, a statistic that measures how much activity is taking place on the network’s DeFi apps, is over $3B, indicating a healthy collection of protocols for this index to track.
  • Solana is one of the most dynamic and fast-growing blockchains in the industry. Solana offers a smart contract and an ecosystem of DeFi tokens and NFTs, and VSOL offers investors the opportunity to invest in this innovative ecosystem.

Solana’s Continuous Growth

Solana has continued to grow both in the number of projects attached to its ecosystem and in its influence within the greater blockchain ecosystem since it was founded. This impressive growth shows no signs of slowing down, and Solana is expected to continue to be a prominent project in the blockchain space.

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