Home Altcoins News Solana (SOL) Users Use Cases Token Program Project Adoption

Solana (SOL) Users Use Cases Token Program Project Adoption

Solana SOL Token

Increasing numbers of projects are happening on Solana. For now, reportedly it is 120 projects and more.  The projects on the Solana network range from unique wallet solutions, decentralized exchanges, lending protocols, staking platforms, digital games, storage solutions, and lot more.  The ecosystem is further continuing to grow as some notable developer teams are choosing to build on Solana.

Solana have to state that the creators of the protocol are coming from some of the best companies in the world like Qualcomm, Intel, Google, Microsoft, General, Catalyst, Dropbox, and Omada.

Solana recently acknowledged that it was difficult to add SPL token one by one and that it is a pain. Now, it is possible to bulk add SPL with Solong Wallet.  For clarity, SPL is the Solana Program Library token.

The Solana Program Library (SPL) is made up of on-chain programs targeting the Sea Level Parallen Runtime.  These programs are further tested versus Solana’s implementation of Sealevel, solana-runtime, and then further deployed to its mainnet.

The Solana Token Program on the Solana Blockchain defines the mechanisms involved in common implementation of fungible and non-fungible tokens. For those who are new, the white paper will give a much detailed insight in to the mechanisms in the network.

Solana (SOL) Use Cases User Adoption

Trust Wallet are now supporting the receiving and sending of USDC through the Solana network (USDC-SPL). For now, it is possible to transfer USDC in less than a second with an average transaction fee of $0.00001.

Project Serum on Solana have covered beyond 600M in trading volume.  Chainlink are distributing grants to Cdot to build high-performance oracles on Solana. Kim have migrated more than 10 million user accounts to the Solana Network.

Maps.Me have included wallet integration on Solana/Serum to introduce their MAPS token to bring in their 100M user base to Solana. Solible is the NFT marketplace that is integrated with Bonfida and therefore pushes a slick UX overhaul.  Bonfida are adding increased functionality. Users will be able to add and delete token accounts directly from the Balances page.

Decentology have included Solana integration permitting developers to accelerate their blockchain development journey with customized, full-stack source code.  Solong Wallet have launched Solana development tutorial for new builders.

Star Atlas have announced that they will be building on Solana to develop the future of blockchain driven metaverse gaming.  Solanascan.io have launched a new, community-driven blockchain explorer.  Velas announces plans to leverage the Solana codebase to improve their speed.

Read more about:
Share on

dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.

Get the latest updates from our Telegram channel.

Telegram Icon Join Now ×