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Solana

Powerledger

World ID

Australian energy tech company Powerledger has made a major move by expanding into the Solana ecosystem, as announced on September 21. This decision marks a shift in the company’s strategy, aligning its sustainability goals with the fast-growing blockchain platform Solana. 
The <a href="https://thecoinrise.com/solana-unveils-seeker-a-web3-smartphone-redefining-crypto-accessibility/">expansion to Solana</a> comes amid a broader industry interest in Regenerative Finance (ReFi), a financial model aimed at restoring social, environmental, and economic well-being. 
<h2 id="span-style-font-weight-400-powerledger-and-solana-s-shared-vision-span">Powerledger and Solana’s Shared Vision</h2> 
Powerledger’s spokesperson emphasized the shared values between the two organizations, stating, “At the heart of both Powerledger and Solana is a shared vision of innovation, sustainability, and transparency — values that are becoming increasingly critical as the world shifts toward ReFi.” This alignment, they said, is key to driving cleaner energy narratives within the blockchain space. 
ReFi, a relatively new financial concept, focuses on creating systems that prioritize societal and environmental gains alongside traditional financial returns. Currently, the total market capitalization for ReFi projects stands at around $110.57 million, according to <a href="https://www.coingecko.com/en/categories/eco-friendly">data</a> from CoinGecko. 
<h2 id="span-style-font-weight-400-blockchain-and-global-well-being-span">Blockchain and Global Well-Being</h2> 
Powerledger’s co-founder, John Bulich, also shared his vision for how blockchain can contribute to global well-being. He stated that expanding onto Solana “reinforces that crypto can be a force for good.” Bulich emphasized the importance of aligning financial innovation with planetary health, a sentiment shared by other industry leaders as blockchain increasingly intersects with sustainability efforts. 
The move onto the Solana mainnet is seen as a strategic step for Powerledger. The company will cease operating its own Solana Virtual Machine (SVM) blockchain, transitioning fully to the Solana ecosystem. Having operated on the SVM for over a year, Powerledger gained valuable insights into the technology, which they believe will serve them well in this next phase of growth. “This expansion is a key milestone in building on an open and common platform,” the company noted. 
Additionally, Powerledger’s POWR token will now be available as a native Solana token while continuing to operate as an ERC-20 token on Ethereum. As of mid-September, POWR saw a price increase of 16.75%, <a href="https://coinmarketcap.com/currencies/power-ledger/">trading</a> at $0.22. 
Powerledger’s blockchain-based energy solutions focus on peer-to-peer energy trading, virtual power plants, and trading carbon credits and renewable energy certificates. 
This follows the September 13 announcement that <a href="https://thecoinrise.com/worldcoin-expands-world-id-verification-service-to-poland/">Worldcoin is introducing seamless World ID integration to the Solana blockchain</a> via a new cross-chain protocol developed by the Wormhole Foundation. 
The post <a href="https://thecoinrise.com/powerledger-expands-into-solana-ecosystem-aiming-to-boost-sustainability/">Powerledger Expands into Solana Ecosystem, Aiming to Boost Sustainability</a> appeared first on <a href="https://thecoinrise.com/">TheCoinrise.com</a>.

Powerledger Expands into Solana Ecosystem, Aiming to Boost Sustainability

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