Metmask adds support for Solana (Sol) Wallet

MetaMask users will be able to enjoy the Solana network supported wallet within the MetaMask ecosystem via MetaMask Snaps.

MetaMask is a popular decentralised crypto wallet, developed by a highly reputed blockchain developer firm ConsenSys. Initially, this wallet was launched for the Ethereum layer-1 blockchain but later added support for Layer-2 scaling networks e.g. Arbitrum, Optimism, Binance Smart Chain, Polygon, and Avalanche networks. 

On 12 Sep 2023, The most popular Solana crypto wallet “Solflare” informed Solnana wallet users that MetaMask snaps added support for its wallet. 

So now the MetaMask wallet users can store Solana tokens and NFTs, Bridge seamlessly from EVM and get native, SOL/USDC in under 40 seconds, access all Solana apps that support Solflare.

MetaMask adds support for Solana with Solflare

By installing the @solana Snap made by Solflare, @MetaMask users can:
Store Solana tokens and NFTs
Bridge seamlessly from EVM and get native SOL/USDC in under 40 seconds
Access all Solana apps that support Solflare pic.twitter.com/t3N8jOO6KT

— Solflare Wallet (@solflare_wallet) September 12, 2023

The Solflare wallet team indirectly said that the whole crypto sector is made up of different crypto platforms & services. In short, all the small & big platforms are equally important for this innovative sector and always need to grow ahead together.

Ultimately, we are all in the same boat of making the world a better and fairer place.

This is why we’re thrilled to extend the warmest welcome to our fellow Web3 colleagues using MetaMask as they make the first steps in the Solana Ecosystem

Update MetaMask and try it out!

— Solflare Wallet (@solflare_wallet) September 12, 2023

The MetaMask team informed that MetaMask Snaps is a first step by the ConsenSys developer to push MetaMask to grow under a fully permissionless environment.

Today marks a major milestone for MetaMask: we're launching MetaMask Snaps Open Beta, the first step towards our journey to create a fully permissionless ecosystem with MetaMask.

Read the for everything you need to know https://t.co/DuHrwxQvi8

— MetaMask (@MetaMask) September 12, 2023

MetaMask Snap will allow MetaMask users to create an inbuilt wallet service, supported by Metmask. 

Sol coin price & panic

The current trade price of Sol, the native coin of the Solana blockchain network, is $18.2 . This trade price is 8.13% down over the last 7 days of trade price.

Since last week people have only been talking about the now-bankrupt FTX crypto exchange, as the exchange has holding $3.4 billion worth of crypto assets to sell.

As per court filing, FTX has nearly $900 million worth of Sol coins. After the regulatory approval from the court. Following this news, crypto investors are trying to keep their trade activities away from Sol coin. 

Read also: BinanceUS cuts ⅓ staff amid regulatory challenges in America