MetaMask, a popular wallet provider among cryptocurrency users, addressed a significant need in its ecosystem by adding support for the altcoin Solana $134 (SOL) to its browser extension. Users are now able to trade, bridge, and directly access Solana’s decentralized applications through the extension. MetaMask plans to introduce the same functionality to its mobile wallet in the coming weeks, significantly reducing the need for users to switch between different wallets. In the third quarter of the year, MetaMask aims to further strengthen its position in the cryptocurrency wallet market by also supporting the Bitcoin network.
Direct Altcoin Solana Support on MetaMask Browser Extension
With the new integration, MetaMask users can transact Solana-based coins with just a few clicks. The built-in swap and bridge tools within the extension offer low-cost transitions between popular Solana project coins. Moreover, users can access Solana-based applications like Arweave, Serum, and Jupiter without requiring additional plugins.
Previously, the crypto wallet opened the door to non-EVM compatible networks through plugins called “Snaps,” but native support brings significant improvements in terms of security and speed. The resources allocated for the Solana integration are supported by automatic gas fee optimization and in-account risk monitoring panels that operate concurrently. As a result, both new and high-volume investors are protected with additional security layers while transacting from a single window.
Roadmap for Mobile Integration
MetaMask emphasized that it will soon extend Solana support to its mobile wallet, offering a full cross-platform experience to its global user base of over 100 million. After mobile integration is completed, several large non-EVM blockchains, along with the Bitcoin (BTC) $101,839 network, have been lined up according to cryptocurrency wallet sources. Users will thus be able to manage their assets across Ethereum (ETH)
$2,260, Solana, Bitcoin, and other networks from a single wallet.
However, the MetaMask coin, which has been discussed within the wallet provider, is still uncertain. Co-founder Dan Finlay highlighted that new US regulations have made some coin launches safer, but they continue to monitor market conditions for a definitive decision.
In February, the settlement reached with the US Securities and Exchange Commission (SEC) helped reduce regulatory pressure risk on the wallet provider, accelerating its development timeline. The forthcoming multi-network support and mobile updates will further enhance MetaMask’s indispensability for decentralized finance users.