Coinbase Wallet Comes With Support For Solana

Popular US cryptocurrency exchange Coinbase has added Solana to its crypto wallet.

Rising interest in Solana

According to the crypto exchange, one of the main reasons for the rising interest in Solana over the past year is that investors have been looking for cheap alternatives to Ethereum. The largest altcoin has seen significant increases in its network costs.

Just a few days ago, Coinbase launched their ‘Coinbase Pay’ service, which allows users to fund their crypto wallet through a web browser extension. Accepting cryptocurrencies for retailers has also been made easier with this feature.

It is reported that Coinbase plans to further integrate Solana into the Coinbase ecosystem in the (near) future as well. This by connecting the altcoin with, among other things, decentralized applications (DApps) and non-replaceable tokens (NFTs).

Do you want to trade Solana on one of the largest and most reliable exchanges in the world?

9 cryptocurrencies supports

After Coinbase added Solana, they now support Avalanche, BNB Chain, Bitcoin, Dogecoin, Litecoin, Ripple, Stellar Lumens and Polygon. Coinbase has stated the following about this:

“Many users are looking for networks that are optimized for scale and that offer low-cost transactions and fast transaction times. Solana is one of the fastest growing blockchains of the past year.”

Currently, Solana’s blockchain ranks 5th in terms of total locked-in value. Currently there is almost $7 (over $6) billion. NFT data aggregator CryptoSlam ranked it as the second-highest blockchain for secondary sales volume last month with $156.28 (€142) million. Solana has made some significant steps in this regard in the past year.

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