GUNZ Expands $GUN Token to Solana Blockchain in Multi-Chain Strategy Push
GUNZ, the Layer 1 blockchain ecosystem behind the AAA game Off The Grid, has announced the expansion of its $GUN token to the Solana blockchain. This strategic move is part of GUNZ's "Too Big for One Chain" philosophy, aiming to leverage Solana's high-speed and low-cost infrastructure to enhance accessibility for users worldwide, particularly in the U.S. The cross-chain transfer will be facilitated by LayerZero, ensuring seamless interoperability between blockchains. The $GUN token is already available on GUNZ L1 and Avalanche C-chain, and this expansion to Solana marks a significant step in the project's multi-chain strategy. By integrating with Solana, GUNZ aims to tap into its robust ecosystem and growing user base, further solidifying its position in the gaming and blockchain space. This development underscores the increasing trend of multi-chain interoperability in the crypto industry, as projects seek to maximize reach and efficiency. As of July 2025, GUNZ continues to innovate, with this expansion expected to drive greater adoption and utility for the $GUN token.
GUNZ Expands $GUN Token to Solana Blockchain in Multi-Chain Strategy Push
GUNZ, the Layer 1 blockchain ecosystem powering AAA game Off The Grid, is bridging its $GUN token to Solana. The move leverages Solana's speed and low costs to enhance accessibility for global users, particularly in the U.S. LayerZero will facilitate the cross-chain transfer.
The expansion aligns with GUNZ's "Too Big for One Chain" philosophy, following existing availability on GUNZ L1 and Avalanche C-chain. Solana's infrastructure is expected to unlock new partnerships and community engagement opportunities for the gaming-focused token.
Off The Grid remains a flagship product - the first AAA title with an on-chain economy, available on Epic Games Store and Xbox platforms. This strategic multi-chain deployment underscores the growing convergence of gaming and blockchain infrastructure.
SEC Issues First Crypto ETF Guidance as $12 Million Solana Fund Launches
The U.S. Securities and Exchange Commission has taken its first concrete step toward streamlining the approval process for cryptocurrency exchange-traded funds. The new guidance could slash approval timelines from 240 days to just 75 days, addressing what industry observers describe as an "explosion" in pending applications.
REX Financial made waves by circumventing traditional channels, launching the first U.S. Solana-focused ETF that attracted $12 million on its debut. The fund's immediate success underscores growing institutional appetite for crypto exposure despite regulatory uncertainty.
Market participants see the SEC's MOVE as the foundation for a comprehensive regulatory framework. "The most important thing about this guidance is that it exists," said Matt Hougan of Bitwise Asset Management. The Republican-led SEC has simultaneously paused several high-profile enforcement cases while its crypto task force develops broader rules for digital asset investment products.
SEC Nearing Deadline for Solana ETF Decisions as Issuers Demand Parity
The U.S. Securities and Exchange Commission faces an October 10 deadline to rule on multiple solana ETF applications, including proposals from Canary Marinade, 21Shares, and Bitwise. Market participants anticipate accelerated approvals following last week's greenlighting of the Rex Shares product—the first Solana staking fund to hit the market.
Regulators appear inclined to avoid repeating the first-mover advantage scenario seen in Bitcoin and ethereum ETF rollouts. The SEC historically synchronized approvals for crypto ETFs to maintain fair competition. With SSK's Solana fund already trading, competing applicants are pressing for simultaneous approvals to level the playing field.
The filings incorporate novel features like in-kind redemptions and staking mechanisms—a regulatory evolution from earlier crypto ETF frameworks. This development coincides with growing political attention on digital assets, as evidenced by recent TRUMP campaign engagements with the crypto industry.
SEC Delays Fidelity's Solana ETF Proposal Amid Regulatory Scrutiny
The U.S. Securities and Exchange Commission has again postponed its decision on Fidelity's proposed Solana ETF, marking another setback for crypto investment products. The delay, widely anticipated by analysts, reflects the agency's cautious approach toward altcoin-backed funds.
Bloomberg ETF analyst James Seyffart noted the SEC's pattern of deliberate scrutiny, particularly for ETFs tied to cryptocurrencies beyond Bitcoin and Ethereum. Regulatory uncertainty continues to hinder broader institutional adoption of such products.
Despite the delay, progress may be emerging. The SEC has instructed issuers to submit revised applications by late July, requiring updated language on in-kind redemptions and staking provisions. This directive suggests regulators are actively working toward a framework for altcoin ETFs.
