The world’s largest crypto exchange Binance announced that its Trust Wallet supports some altcoins. In this context, Trust Wallet, one of the most notable decentralized wallets, has added support for Solana decentralized applications (dApps).
Binance adds support for its Trust Wallet, Solana dApps
Cryptocurrency exchange Binance announced that its Trust Wallet has recently added support for dApps created on the Solana network. In this context, the Solana network is expanding. According to experts, the development will likely provide greater access to network-created dApps. Wallet also shared a list of dApps that are in the initial support phase.
Trust Wallet made the announcement on its official community platform on Tuesday. “You can now connect your Trust Wallet to top Solana dApps directly through your dApp browser on iOS and Android, or using the Wallet Connect protocol on your desktop,” the announcement said. Trust Wallet also disclosed certain Solana dApps that it currently has port access to during this initial phase.
The list includes 7 Solana dApps. These are Raydium Protocol (RAY), Mean Finance (MEAN), SonarWatch (SONAR), Marinade Finance (MNDE), Bonfida (FIDA), Solend Protocol (SLND), and Jupiter Exchange (JUP). This enhancement will make it possible for users of supported dApps to link their accounts to Trust Wallet.
Solana continues to grow despite adversity
cryptocoin.comAs you follow, Solana (SOL) hit the market in 2020. The altcoin has garnered huge support from the crypto ecosystem for its promise of faster transactions and lower fees. Solana Blockchain is trying to beat the competition using the Proof of History (PoH) mechanism. Using PoH allows Solana to verify transactions faster than most competitors.
However, Blockchain has faced several downtime and congestion issues. Bad actors have also targeted the network, as occasional exploits have been noticed. A few months ago, Solana suffered over $5 million in exploits that affected 8,000 SOL wallets. However, it turned out that the exploit was actually linked to a third-party app, Slope Wallet. Solana got some backlash for her cuts. However, despite all this, the Solana adoption rate has not dropped. According to experts, the Trust Wallet integration will likely unlock the potential of the network a little more.
Meanwhile, the crypto market saw hard sales as the US CPI data came in above expectations. Solana is also among the cryptocurrencies that have lost significant value. At press time, Solana was down 8.9% on a daily basis to $34.28.
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