Solana Recent Situation: Exploring the Innovative Applications of ETFs, Actions and Blinks, and TipLink

Written by: dt

The crypto market has not broken the downward trend this week, and the overall market continues to be sluggish. Many people have begun to doubtcryptocurrencyWhether the future and potential of blockchain are still bright, whether it can really achieve large-scale adoption is definitely the key to explore the future, and the development direction of SOLANA roadmap, which has been supported by ETF news recently, is currently the project that is working hardest in this regard.

In this issue of Cryptosnap Dr.DODO, we will take you to understand the latest updates of the SOLANA public chain and its various applications in large-scale adoption.

Solana ETF

When talking about Solana's recent events, VanEck's application for the first Solana ETF must be mentioned. Although the market generally believes that the news is more symbolic than practical, it still gave Solana a shot in the arm. VanEck believes that the current US Securities and Exchange Commission (SEC) is wrong to regard $SOL as an unregistered security, but rather believes that SOL is a commodity similar to Bitcoin and Ethereum. After Bitcoin and Ethereum ETFs have been approved, the application for $SOL ETF is also reasonable.

市场上大多数人的想法则是认为此申请在目前的环境情况下不可能获得审批，先前 SEC 已经明确表示了 $SOL 是一种证券的声明， VanEck 更多的是在为了下半年的美国大选提前做出预判，现任 SEC 主席 Gary Gensler 届时将会卸任，加密货币选民可能在选举中起到关键作用，并且华盛顿的监管环境正在向支持加密货币的方向发展。

Source: https://www.sec.gov/Archives/edgar/data/2028541/000162828024030249/vanecksolanatrusts-1.html

Actions and Blinks

FinishedTokenAnother major news at the market level is Solana Actions and Blinks. Actions and Blinks are new types of on-chain interaction functions launched by the Solana Foundation in collaboration with Dialect.

simply put Actions is a set of Solana for developers BlockchainStandardized API for transactions, any project party can adapt its own protocol based on the document;Blinks is the interactive front end for usersBlinks can convert any Solana Action into a shareable, metadata-rich link. You can put the link on X (Twitter) or Discord to generate a button option for on-chain interaction.

The launch of Actions and Blinks is the best reflection of Solana’s efforts towards mass adoption.BlockchainThe threshold for use has been lowered by one level. Retail investors only need to swipe on social media and click buttons to complete on-chain operations without the need for website jump links.walletAnd so on.

Source: https://x.com/eli5_defi/status/1805877572238295296

Tiplink

When it comes to Solana’s path to mass adoption,Xiaobai NavigationI have to mention TipLinkwalletApplication, the author believes that TipLink is the most user-friendly and has the lowest usage threshold among all wallets. TipLink is also a project strongly supported and sponsored by the Solana Foundation. In 2023, it received financing from Multicoin, Solana Venture, Sequoia Capital, and two major stablecoin companies Paxos and Circle.

TipLink is a custodial wallet. Users do not need to write down the note words. They only need to register and log in with a Google account, which is very similar to the experience of many Web2 applications. There is no need to install plug-ins or apps. Just open the web page and connect to the Google account. In the early days, TipLink was a reward application that only supported payment functions, but now it has become a very mature wallet product comparable to Phantom. With the latest function update of TipLink Adaptor and the mainstream applications on the Solana chain, they can connect to the wallet and interact with it, which is no different from other wallets.

Source: https://tiplink.io/

Author's opinion

The author believes that Solana is indeed the most suitable chain for beginners to use at present. With low transaction fees, quick-to-use wallets and simple and clear front-end interactive interfaces, it can be easily used by intuition. In addition, the clear route of the Solana Foundation can drive a number of ecological applications on the chain to keep up with the pace. The function of Blink is the best example this time. Basically, at the same time when the Solana Foundation issued a tweet announcement, all projects on the chain, regardless of size, forwarded the tweet. Phantom/Solflare/Backpack wallets supported Blink interaction at the first time, and Jupiter/Tensor/Sanctum, these Defi Dapps, also prepared the Actions API early, and users can use it immediately.

The Solana Foundation's clear development path and its strong partnership with ecosystem projects are what I believe to be Solana's strongest moat. At the same time, I also agree with Solana's development direction towards large-scale adoption. Compared with exquisite financial products, advanced technology, or the pursuit of hot topics such as artificial intelligence, Solana is currentlyBlockchainThe current priority of the circle is to lower the threshold and allow more people to join!

The article comes from the Internet:Solana Recent Situation: Exploring the Innovative Applications of ETFs, Actions and Blinks, and TipLink

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