Circle Solana announces programmable wallets, gas stations
Circle is rolling out support for the Solana blockchain on its Web3 services, enabling features like programmable wallets and fuel stations.
The integration is carried out in two stages. According to the June 12 announcement, the first phase will focus on programmable wallets — allowing developers to automatically manage assets based on predefined rules — and sponsored transaction payments through the gas station feature.
The second phase will involve non-perishable tokens (NFTs) and program interoperability through a smart contract platform, the circular said. The move aligns Solanna with other blockchains supported by Circle Web3 services, such as Ethereum, Polygon and Avalanche.
Programmable wallets can be configured to automatically connect to smart contracts. This means that tasks that normally require manual execution, such as executing transactions when certain conditions are met, can be automated.
Other companies focused on programming for wallets on Solana include Fuse Wallet, as announced on June 10. Based on smart accounts, the wallet supports the program and promises to solve the dependency on genealogies, limited asset recovery options and customization of limited rules and parameters for onchain interaction.
Solana in 2024
Over the past months, Solana has seen an increase in activity and several integrations with other protocols. According to Hello Moon, active addresses on the Solana blockchain reached a peak of 41.5 million in May.
“The Solana developer community has shown remarkable growth,” Circle said of its reasons for supporting the blockchain.
To keep up with growing demand, the network is gearing up for major upgrades, including a FireDinner upgrade planned for 2025. Solana's recent delay was reduced by about five hours.
“One thing for us is that we have a big focus on getting FireDancer live,” Solana Foundation's Deepin Leader Kulin Nimkar said in a recent interview with Cointelegraph. The Solana Independent Validator client is being developed by Jump Crypto.
PayPal was one of the latest companies to support Solana's ecosystem. The fintech company merged the stablecoin PayPal USD (PYUSD) on May 29 to make it more useful for everyday transactions.
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