Crypto custody and services firm Fireblocks adds support for Solana

Fireblocks, a venture-backed cryptocurrency custody and services company, has added support for Solana. Fireblocks users can now work with Solana applications directly on the Fireblocks platform

This integration allows users to directly connect and interact with decentralized applications (dApps) built on the Solana ecosystem. Various tools are also available to developers in the Solana ecosystem.

Fireblocks CEO Michael Shoulov said:

Fireblocks’ Web3 Engine provides Solana builders with the highest level of security regarding access to the ecosystem of blockchains and their applications for customers.

according to Defilama, Solana has a total locked value of about $1.4 billion, making it the sixth largest blockchain in terms of this metric. Additionally, Solana’s non-fungible (NFT) community is the second most active of all blockchains.

Solana price after integration

After the news of the merger, the price of Solana’s native token, SOL, surged to a daily high of $33.07. However, the token has fallen to $31.12 at the time of writing, down 2.62% over the past 24 hours.

Today’s drop has seen the SOL lose half of yesterday’s gains, raising concerns that the previous bearish trend that fell to $30 could be resumed.