2024

Solana

Bitcoin

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In a significant development for the cryptocurrency industry, <a href="https://u.today/binance-stuns-crypto-community-with-web3-wallet-upgrade-details" rel="noopener noreferrer nofollow">Binance</a> has announced the integration of Solana, the fifth largest cryptocurrency by market cap, into its Web3 Wallet. This move marks a major step forward in the platform's commitment to enhancing the user experience and expanding its services within the Web3 space.
With <a href="https://u.today/solana-sol-falling-behind-btc-eth-in-liquidity-index" rel="noopener noreferrer nofollow">Solana</a>'s integration, Binance Web3 Wallet users gain access to a suite of decentralized applications (dApps) based on the Solana network, as well as upcoming airdrops.
<blockquote>
 <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> Web3 Wallet has integrated <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@solana</a>!Seamlessly manage and trade <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> and get access to a range of dApps and upcoming airdrops. Update the app and activate your <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> wallet to try it out 👇— Binance (@binance) <a href="https://twitter.com/binance/status/1768478237624238543?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 15, 2024</a>
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Users can also easily trade and manage their Solana assets in the multichain wallet, as well as explore popular Solana dApps in the dApp hub. They can also swap Solana-based tokens and get access to exclusive Solana airdrops.
The integration is expected to increase activity on the Solana network, as Binance's large user base now has direct access to its features. This could lead to increased adoption of Solana-based dApps, thus driving even more network innovation.
At the start of March, withdrawals on the Solana (SOL) network were intermittently suspended on Binance due to the increased volume of transactions on the network. Binance then identified areas for optimization and proposed a reliable and long-term solution to be implemented.
At the time of writing, SOL has risen 0.28% in the previous 24 hours to $171.30, defying the general market decline that saw Bitcoin plummet from its most recent record high of $73,794 to lows of $65,569 in today's trading session.
Even though <a href="https://u.today/solana-trader-turns-in-33000-profit-on-sol-with-dogwifhat-wif-epic-rally-details" rel="noopener noreferrer nofollow">Solana's price</a> is 33.68% off its all-time high, the cryptocurrency's market capitalization has lately achieved a record high. The previous market capitalization peak was approximately $77.9 billion in November 2021.

Solana (SOL) Scores New Integration on Binance: Details

U_Today

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