Fireblocks, a venture-backed cryptocurrency custody and services company, now supports Solana. Fireblocks users will now be able to directly interact with Solana applications on Fireblocks’ platform
This integration allows users to interact with decentralized apps (dApps), built on the Solana platform. Developers in the Solana ecosystem can also use a variety of tools.
Michael Shaulov, CEO of Fireblocks, stated:
“Fireblocks’ Web3 Engine offers Solana builders the highest level of security when it comes to accessing the blockchain and its ecosystem of applications for their customers.”
According to DeFiLlamaThe total locked value of Solana was $1.4 billion, making it the sixth-largest blockchain by this metric. In addition, Solana’s non-fungible (NFT) community is the second-most active across all blockchains.
Solana price following the integration
After the news of the integration, the price of SOL, Solana’s native token, surged to a daily high of $33.07. At press time, however, the token had dropped to $31.12 – registering a drop by 2.62% in 24 hours.
Today’s drop has made SOL lose half of the gains it had made yesterday and it has aroused fears of resuming the previous bearish trend that had seen it drop to a low of $30.
