Solana (SOL) Sees Price Boost Following Coinbase Wallet Support Expansion

The crypto market looks great, with most of the important coins trading in the green. Solana is no exception and the coin has also been seeing a price explosion during the past few days.

According to the latest reports, Coinbase is pressing ahead toward the Web 3.0 future – the exchange is doing this by enabling its browser-based wallet to accept assets from the Solana (SOL) ecosystem.

According to a new press release, the US-based crypto exchange explained the fact that it’s responding to new needs and opportunities as blockchain technology expands its frontiers.

“Over the past year, there has been an explosion of interest in Web 3.0 and decentralized applications [DApps], including NFTs [non-fungible tokens] and decentralized finance (DeFi).”

The same notes revealed the following:

“One of the blockchain networks that has seen a surge in usage is Solana, which has built a vibrant community of both developers and users along the way.”

The announcement continues and explains that the Coinbase Wallet browser extension will support transactions and storage, not just for the Solana digital asset, but other tokens within the Solana Program Library (SPL) roster.

The important crypto exchange also said that the expanded feature helps simplify the user experience by eliminating the need to keep track of multiple crypto wallet apps.

It’s also important to note the fact that the future integration with Solana will include connecting to its DApps and managing Solana-based NFTs.

We suggest that you check out the complete press release in order to learn more details about all this.

Not too long ago, it’s been just revealed that the Solana co-founder is revealing what’s in store for this project. Check out the latest reports below.

According to the latest reports, Solana (SOL) co-founder Anatoly Yakovenko revealed the ways in which the smart contract platform is outperforming competing Ethereum (ETH) challengers.