The cryptocurrency market attained massive coverage over the past couple of weeks due to the significant rise in prices and acceptance across the globe. As bigwigs like Tesla revealed their involvement with Bitcoin, the talk surrounding the world’s largest cryptocurrency took a turn for the better.
As more people have their interest piqued by digital assets and what they do, it becomes imperative that companies in a position of power use their resources to help customers. That is exactly what CryptoLocally has done by listing Solana [SOL] on its peer-to-peer marketplace. This move was seen as one of several steps intended to bring further decentralization to the Solana trading ecosystem.
Sources close to CryptoLocally stated that Solana’s addition to the platform will only elevate the exchange’s status in terms of customer experience. Solana, commonly referred to as SOL is an open-source, highly functional crypto project. It leverages the blockchain’s permission-less nature to seamlessly provide high utility decentralized finance or DeFi solutions.
Solana’s rising popularity in the cryptoverse has only enabled it to become more open in terms of region wise trading. Both Solana and CryptoLocallay are working towards providing a decentralized platform for users that is safe and simple to use. With the listing, Solana aims to become more actively traded which will in turn benefit CryptoLocally users.
The team at Solana have added that the token is head and shoulders above its counterparts in terms off usability and functionality. In their latest press release they said:
“ Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized applications (DApps). While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.”
CryptoLocally believes in functionality and that aligns with the latest Solana listing. The integrated functions within SOL brings down the overall validation time and speeds up contract execution. Users will be able to tap into the power offered by SOL by navigating CryptoLocally’s waters.
CryptoLocally’s native community can also be excited for the future as GIV holders have voted to list DOGE soon. The latest rise in the ‘memecoin’ value has created a new market for new entrants. The exchange has assured its users that it will stick to the same basic trading principles that has allowed it to become an industry favourite.