Coinbase’s Crypto Wallet Adds Solana Tokens Citing Developer Interest

Coinbase’s Crypto Wallet

Cryptocurrency exchange Coinbase has added wallet support for Solana’s SOL and SLP-based tokens amid a rising interest from the network’s developers.

The US-based company is also planning to include support for the blockchain’s non-fungible tokens and decentralized apps in the long run.

The note accompanying the announcement says that the step has been informed by users searching for protocols that are scalable with faster transaction times. It adds that Solana is the most rapidly expanding protocol in 12 months.

The announcement follows the exchange’s launch of a new feature, Coinbase Pay, that allows users to transfer funds to their wallets from the Chrome web browser.

The feature will see wallets in the Solana ecosystem like Solflare accessed on Coinbase from a browser extension.

Data from Defi Llama ranks Solana at number five in total value locked at $6.94 billion. CryptoSlam also puts the network at the second-largest protocol for secondary sales volume at $156.28 million.

Source: Coinbase

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