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Binance adds a new Blockchain network to its wallet: what it is and what benefits it offers

Binance adds a new Blockchain network to its wallet: what it is and what benefits it offers

The deployment of this integration is enriched with the introduction of the new ‘dApp Hub’. Which will allow users to access a set of decentralized applications (dApps) based on Solana.

The expansion of the range of dApps integrated into the platform, with the addition of 24 dApps in February alone, thus expanding the scope of services for our users.

Binance, the world’s leading infrastructure platform for the blockchain and cryptocurrency ecosystem, announced this Wednesday the integration of the Solana network on the Binance Web3 Wallet. Long-awaited integration marks latest update to Binance Web3 Walletreaffirming the crypto giant’s commitment to continually improve the user experience and make Web3 even more accessible.

The integration of the Solana network highlights the exchange’s mission to transform its Web3 Wallet into a cross-platform self-managed wallet, capable of meeting the diverse needs of users in the Web3 environment. “With this integration, users will have access to a wide range of blockchain networks, including those based on Bitcoin, EVM and Cosmos“, they maintain from the crypto giant.

Binance Web3 Wallet users will now be able to send, receive, and exchange tokens on the Solana network more easily.

In addition, they will be able to access a set of decentralized applications (dApps) based on Solana. At this time, ten dApps have been added: Drift, Dual Finance, Jito, Jupiter, Magic Eden, MarginFi, Orca, PsyOptions, Pyth Network and Raydium. These dApps, easily accessible within the Binance Web3 Wallet interface, offer ample opportunities for users to interact, create and innovate within the Solana ecosystem. Over time, More dApps will be added progressively.

The deployment of this integration is enriched with the introduction of the new ‘dApp Hub’. This UI transformation aims to consolidate all popular dApps into a single tab, providing a seamless experience for users to explore and interact with dApps easily and securely. This simplified design and functionality improves user accessibility, offering a central and convenient point for exploration.

binance bnb

“The integration of the Solana network is part of Binance’s commitment to constantly improve the Binance Web3 Wallet and deliver maximum value to our users around the world,” he commented. Min Linregional vice president of Binance for Latin America.

“Since its inception, this Binance Web3 Wallet has sought to satisfy the need for more intuitive experiences for users, accompanying the growing interest in the adoption of cryptocurrencies in the region, without neglecting security. This product offers an agile entry point, simple and secure for millions of users to explore the Web3 universe,” he added.

Improvements to the Binance wallet in record time

  • The launch of the Binance Inscriptions Marketplace, which makes it easy to create and exchange registrations.
  • The implementation of an Enrollment Accelerator, powered by our BTC Transaction Accelerator, aimed at reducing transaction wait times.
  • The addition of support for ERC-404 tokens, expanding the range of tokens that users can interact with.
  • The integration of various networks such as Blast, Manta, ZetaChain, Metis, Scroll and zkFair, providing a wide range of functionalities within our portfolio.
  • The expansion of the range of dApps integrated into the platform, with the addition of 24 dApps in February alone, thus expanding the scope of services for our users.

Source: Ambito

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