Tech
Solana’s actions mean good news for $SOL and $SEAL
Solana just launched Actions, APIs that allow you to do this integrate blockchain transactions into any Internet environment. You can now buy an NFT on X instead of OpenSea or send $SOL via SMS.
The actions are a important step towards the adoption of cryptocurrencies and will benefit all Solana tokens. By removing the barrier to entry for dedicated crypto apps, Solana will drive large-scale adoption of its ecosystem outside of the crypto community.
Today we connect Solana to the entire Internet.
Vote, donate, mint, exchange, pay: use Solana, everywhere. pic.twitter.com/XjoBF0uO2a
— Solana (@solana) June 25, 2024
Let’s analyze the Solana Actions update and its impact on the entire network.
Information on Solana shares
Typically, you need a specific app to perform on-chain transactions, whether it’s trading tokens, buying NFTs, or voting on governance proposals. Newcomers often find interfaces complex and technical terms like “gas fees” and discouraging “blockchain protocols,” which tends to be limit cryptocurrency adoption to tech-savvy users.
Also, crypto transactions are irreversible. The stakes are high, so people who are afraid of making mistakes stick to traditional financial apps.
Solana aims to make crypto payments more accessible and flatten the learning curve for people who are unfamiliar with the market. Actions allow you to do this execute transactions from any platform via native buttons, QR codes or links.
However, Solana shares are not limited to payments. You can vote, stake, trade, mint – everything you can do on-chain, you can now do off-chain.
Today we connect Solana to the entire Internet.
Vote, donate, mint, exchange, pay: use Solana, everywhere. pic.twitter.com/XjoBF0uO2a
— Solana (@solana) June 25, 2024
Impact on the ecosystem
We could soon see Solana Actions on all our favorite platforms, from Discord to Amazon, making it easier to execute transactions. There is a prerequisite, however: you can only do this on the Solana chainwhich means you need Solana ecosystem tokens.
$SOL has been bullish this year, with a price increase of 709% compared to $ETH’s 79% and $BTC’s 102%. Increased demand will further increase the value of $SOL, potentially helping it rebound to $200, which he achieved in March. Besides, it might create a ripple effect throughout the network.
Several Solana meme and utility coins experienced explosive growth in 2024:
- $WIF of 1.093%
- $BONK of 5.951%
- $913% BOOM
- $POPCAT of 2,786%
- $LINK by 127%
- $RNDR of 258%
- $AR of 403%
Solana shares, along with the recent ZK compression update that improves scalability and minimizes transaction costs, could redefine the blockchain user experience. Develop a $SOLETP it’s another brick in the bridge between Web3 and traditional finance, with $SOL at the center.
Impact on Sealana
Developments within the Solana ecosystem could also benefit presale tokens such as Sealana ($SEAL).
After raising over $6 million, $SEAL presents to investors the last opportunity to buy tokens before the airdrop and the first DEX listing scheduled for July 2.
The $SEAL team had no way of knowing that Solana would release several game-changing updates in a row, but the stars aligned for the project. The excitement around Solana Actions and ZK compression updates might give $SEAL a real boost immediately after listing.
Plus, $SEAL’s tongue-in-cheek play on American patriotism comes just in time for the ongoing presidential race in the United States. His strong meme appeal, coupled with Solana’s rise, makes $SEAL one of the best meme coins to be purchased in 2024.
TO get $SEAL before the presale ends, visit the Official siteconnect your wallet, enter the number of tokens you want and confirm the transaction.
Final thoughts
Updates of this magnitude truly change the way we interact with blockchain and are a giant step forward for the entire crypto communityparticularly for the Solana ecosystem. By providing developers with the tools to create user-friendly blockchain experiences, Solana paves the way for mass adoption.
Disclaimer: The views expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile and high-risk asset class.
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