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Crypto Guide

Coinbase Wallet integrates Solana (SOL)

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

Coinbase Wallet Solana

Access all your cryptos from a single wallet!

The last year has been beneficial for decentralized applications (dApps) and the Web3. Indeed, just like NFTs and decentralized finance (DeFi), investors have set their sights on it and blockchains have benefited greatly. However, to make the Web3 more user-friendly, it would be necessary to find new ways to connect and interact with dApps across a wide range of networks and blockchains.

Today, thanks to Coinbase Wallet, users can now manage their Solana (SOL) and Solana (SPL) tokens alongside many others. Among them, Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) or BNB Chain. This update facilitates crypto investment on a growing range of supported networks, this with only a wallet.

However, this launch is only the beginning. Indeed, the wallet application plans to integrate even more with Solana. This, to offer the possibility to users to view and manage their NFTs and to connect to Solana dApps directly in the extension.

Why Solana (SOL)?

More and more users are looking for reliable, optimized networks with fast transaction times and low-cost transactions. As mentioned above, 2021 saw the birth of an unparalleled craze 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 much as he’s been positive, he’s also had his setbacks. Indeed, it has exposed some problems such as the scaling deficit that could lead to high gas costs.

Solana is one of the blockchains with the fastest growth over the past year. Currently, there are about 1,400 projects covering DeFi, NFT and Web3 with more than $7.35 billion in total locked-in value (TVL).

The integration of Coinbase Wallet with the Solana ecosystem (SOL) has many advantages. Until now, users had to track their assets on 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 their EVM-compatible assets.

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Eddy Senga avatar
Eddy Senga

The world is changing and adaptation is the best weapon to survive in this undulating universe. Crypto community manager at the core, I am interested in everything related directly or indirectly to the blockchain and its derivatives. In order to share my experience and make known a field that I am passionate about, there is nothing better than writing informative and casual articles at the same time.

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