People are becoming more and more interested in Web3. It still presents significant challenges, though, which might prevent its acceptance. Coinbase believes it has discovered a way to make it more user-friendly in this momentum. Learn about the features that Coinbase Wallet offers.
Utilize a single wallet to access all of your cryptocurrencies!
Decentralized applications (dApps) and Web3 had a successful year in 2016. Indeed, investors have focused on it, and blockchains have tremendously benefited from it, just like NFTs and decentralized financing (DeFi). Finding new ways to connect to and interact with dApps across a variety of networks and blockchains is necessary to make Web3 more user-friendly.
Users may now manage their Solana (SOL) and Solana (SPL) tokens through Coinbase Wallet, along with many other tokens. These include BNB Chain, Polygon (MATIC), Avalanche (AVAX), and Ethereum (ETH). With just one wallet, this upgrade makes it simpler to invest in cryptocurrencies across an expanding number of supported networks.
This launch, though, is just the beginning. In fact, the wallet software intends to incorporate Solana even more. Users will be able to browse, manage, and connect to Solana dApps directly from the extension thanks to this feature.
How come Solana (SOL)?
User demand for dependable, well-optimized networks with quick transaction times and affordable transaction prices is growing. As previously noted, 2021 has seen an unmatched zeal for blockchain networks. New projects as well as new ecosystems and communities have resulted from this. But this newfound attraction was reciprocal. He was both cheerful and good, yet he also experienced obstacles. He did discover some problems, such as the scaling deficiency that might result in expensive gas prices.
One of the blockchains with the quickest growth over the past 12 months is Solana. There are over 1,400 projects across DeFi, NFT, and Web3 with a locked-in value of about $7.35 billion (TVL).
There are many advantages to integrating Coinbase Wallet with the Solana (SOL) ecosystem. Users who wanted to hold SOL and SPL tokens and explore Solana in the past had to trace their possessions across various surfaces. They may now transmit, receive, and store (SOL) with all of their EVM-enabled assets thanks to the Coinbase Wallet plugin.
