MetaMask announced that its web-based browser extension now offers full support for Solana.
Users can send, receive, swap, bridge, and buy Solana-based tokens, as well as interact with Solana decentralised applications.
The company also confirmed that Solana integration will arrive on its mobile app in a few weeks.
One Wallet, Many Chains
Managing multiple wallets across different blockchains has long been a hassle for users. MetaMask aims to simplify this by letting customers use Solana within the same interface they already use for Ethereum.
Once users install the latest version of the extension, they can create a new Solana account or import an existing one. Balances appear automatically. From there, users can switch between Ethereum and Solana without leaving MetaMask.
The announcement explained that the integration uses the same security features that have made MetaMask a trusted name. Those who already hold assets on other chains can bridge their coins to Solana. Everything happens in one place, so wallet juggling becomes a thing of the past.
Mobile Integration Coming Soon
MetaMask said its mobile app will gain Solana support in the coming weeks. This will allow users to perform the same actions from their phones. Mobile integration means customers can manage Ethereum and Solana holdings without switching between apps.
MetaMask plans to add more non-EVM networks in the months ahead. The ultimate goal is a single wallet for every blockchain network.
Also Read: MetaMask Launches Crypto Card in Limited US Rollout, Large Scale Launch In Pipeline
Competing with Solana-Native Wallets
Not all Solana users are expected to switch right away. Several networks, including Ethereum, Bitcoin, Base, and Polygon, are already supported by Phantom, the top Solana-native wallet.
Still, MetaMask is banking on its security model and large user base to attract those who use multiple chains. By offering Solana alongside Ethereum, MetaMask hopes to appeal to users who value convenience and strong security.
User Growth and Token Plans
MetaMask is one of the largest non-custodial wallets in the industry, with an estimated 100 million annual users.
During the recent crypto bull run, active user numbers rose from 19 million in September 2023 to 30 million by January 2024. This 55% increase shows that demand for wallets remains high as more people join decentralised finance.
The company has also been discussing the idea of launching its own token. Back in 2021, conversations began around how a token could further decentralise the platform.
In 2022, Joseph Lubin, CEO of MetaMask’s parent company Consensys, said that a token might help steer MetaMask’s future direction. No final decision has been shared, but the topic remains under consideration.
Expanding beyond Ethereum assets marks a new chapter for MetaMask. By adding Solana to its extension and soon to its mobile app, MetaMask becomes more versatile for crypto holders.
Also Read: Consensys, Company Behind MetaMask Wallet Cuts Over 160 Jobs Amid Regulatory & Economic Challenges