Crypto: Coinbase Wallet integrates Solana (SOL)

More and more people are interested in Web3. However, it still presents some difficulties that could hinder its adoption. In this momentum, Coinbase thinks it has found the solution to make it more user-friendly. Discover Coinbase Wallet and all the specificities it offers.

Access all your cryptos from one wallet!

Last year was good for decentralized applications (dApps) and Web3. Indeed, just like NFTs and decentralized finance (DeFi), investors have set their sights on it and blockchains have greatly benefited from it. However, making Web3 more user-friendly would require finding new ways to connect and interact with dApps across a wide range of networks and blockchains.

Today through Coinbase Wallet, users can now manage their Solana (SOL) and Solana (SPL) tokens alongside many others. Among which, Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) or even BNB Chain. This update makes it easy to invest in crypto on a growing range of supported networks, with just one wallet.

However, this launch is only the beginning. Indeed, the wallet app plans to integrate even more with Solana. This, to provide the ability for users to view and manage their NFTs and connect to Solana dApps directly within the extension.

Why Solana (SOL)?

More and more users are looking for reliable, optimized networks with fast transaction times and low transaction costs. As mentioned above, 2021 has seen unparalleled enthusiasm for blockchain networks. This has given rise to new ecosystems and communities as well as new projects. However, this sudden interest was two-way. As good as he was positive, he also had his setbacks. Indeed, he uncovered some issues such as the scaling deficit which could lead to high gas charges.

Solana is one of the fastest growing blockchains over the past year. Currently, there are approximately 1,400 projects spanning DeFi, NFT, and Web3 with over $7.35 billion in total value locked (TVL).

Integrating Coinbase Wallet with the Solana (SOL) ecosystem has many advantages. Until now, users had to track their assets across multiple surfaces when they wanted to hold SOL and SPL tokens and explore Solana. Today with the Coinbase Wallet extension, they can send, receive, and store (SOL) with all of their EVM-enabled assets.

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