DeFi

Multi-Chain DeFi Platform Krystal Now Supports Solana Network

Key Points:

Multi-chain DeFi platform Krystal officially supports DeFi services on Solana.
Users can manage their portfolio, send and receive assets, swap on Solana via the swap aggregator Jupiter Aggregator. In addition, SmartSwap and other integrated DEXes will come.
According to DefiLlama data, the TVL of Solana today is $214.66 million, down approximately 98% from its all-time high in November 2021 ($10.17 billion); and down approximately 79% from the beginning of November this year ($1 billion).

DeFi services on Solana are officially supported by the multi-chain DeFi platform Krystal. Users can manage their portfolio, transfer and receive assets, and exchange on Solana through the swap aggregator Jupiter Aggregator. SmartSwap and other integrated DEXes will also be introduced.

Krystal has previously supported Solana on its Launchpad, KrystalGO. The integration of the Solana network on Krystal Wallet marks further expansion into this ecosystem.

Krystal Wallet is a multi-chain wallet that allows you to store assets on 9 different networks (Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Aurora) and now includes Solana. With a multi-chain wallet, users may use a single wallet to access multiple blockchain networks, eliminating the need to make separate wallets for each network.

Solana is a decentralized blockchain that is designed to support scalable and user-friendly applications on its network.

Solana uses a hybrid consensus mechanism consisting of proof-of-stake and proof-of-history, resulting in fast and cheap transactions on its network. The Solana network is not EVM-compatible.

The integration with the Solana network comes at a time when the network is going through a severe crisis. The main reason is that the empire of FTX and Alameda, which hold the majority of SOL tokens, collapsed in November.

According to DefiLlama data, the TVL of Solana today is $214.66 million, down approximately 98% from its all-time high in November 2021 ($10.17 billion); and down approximately 79% from the beginning of November this year ($1 billion).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.