Robinhood Wallet supports Solana
Robinhood Wallet now supports Solana tokens, a self-managed wallet available on iOS and Android.
Solana prices rose slightly after the news.
Robinhood Wallet, a self-sustaining wallet app available on iOS and Android, has added support for Solana (SOL).
Robinhood announced the big news on August 27, which marked a positive change in Solana's sentiment as prices hovered around $155. SOL prices rose slightly on the news before pulling back as the broader market struggled.
Backed by Sol and Solana-based tokens, the wallet added a new entry to Web3, the fifth largest cryptocurrency by market capitalization. It's a huge boost for the ecosystem as well. 9.8 billion dollars in total value is locked and over 1.99 million active addresses (24-hour count).
Johan Kerbrat, CEO of Robin Hood Crypto. He commented On wallet support for SOL and SLP tokens:
“We are very excited to announce that the Solana Network is now live on the Robinhood Wallet! Starting today, you can manually hold and send + receive Solana tokens on the Solana blockchain.
Robinhood 🤝 Solana
Just in: Robinhood Wallet has added support for Solana! pic.twitter.com/7VumKVvCgT
— Solana (@solana) August 27, 2024
Famous Solana bags
Robinhood's self-sustaining wallet, which allows users to store their private keys and maintain full control over their assets, also supports many of the major cryptocurrencies. These include Bitcoin, Ethereum, Dogecoin, Arbitrum and Polygon. The wallet also supports Optimum and Base Tokens.
Several wallets – both browser-based and mobile app-based, support SOL and its ecosystem tokens.
Key integrations or features of these wallets include dApp connectivity, native staking and native exchange. Popular wallets are Phantom, Solflare and Torus, while hardware wallets like Ledger and SafePal support SOL.
