Two of South Korea’s largest crypto exchanges simultaneously opened trading for SLX, sending the token’s price soaring within a day.
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Crypto exchanges Upbit and Bithumb announced the listing of the SLX token from the Solstice protocol. Upbit launched KRW, BTC, and USDT trading pairs at 2:00 PM Korean time on June 1, while Bithumb opened KRW trading later the same day at 6:00 PM.
SLX surged 118.29% over 24 hours, reaching $0.4274 by the time of publication.
The token had been trading near $0.1971 before the price chart sharply spiked and stabilized above $0.40. SLX market capitalization reached $103.79 M, while its fully diluted valuation climbed to $427.4 M. Daily trading volume jumped 49.24% and exceeded $235 M, with the volume-to-market-cap ratio rising to 227%.
The network currently has 31,130 holders, while 242.85 M SLX are in circulation out of a total supply of 1 B tokens.
Solstice operates on the Solana blockchain and offers institutional-grade delta-neutral strategies through on-chain assets built around the USX and eUSX tokens.
Users deposit USX into the YieldVault and receive eUSX in return. Yield is generated through funding-rate arbitrage, hedged staking, and tokenized U.S. Treasury bonds.
The protocol aims to give retail users access to institutional-grade strategies. The SLX token is used for staking, governance participation, and access to platform features.
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.
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