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Trezor Wallet Now Supports Solana and SPL Tokens – Yahoo Finance


Trezor Wallet Now Supports Solana and SPL Tokens

Trezor Wallet Now Supports Solana and SPL Tokens

Trezor, a leading manufacturer of web3 hardware wallets, has expanded its support to include two new tokens: Solana (SOL) and Solana Program Library (SPL) tokens. The company announced that both the Trezor Model T and Safe 3 hardware wallets now support SOL and SPL tokens.

The Trezor Safe 3, priced at $79, features a special chip for enhanced security, while the Model T offers a touchscreen interface and retails for $179. Both devices support over 8,000 coins and tokens, allowing users to securely send, receive, and trade their digital assets.

SOL is the native token of the Solana blockchain, a high-performance blockchain known for its fast transaction speeds and low fees. SPL is the token standard on Solana, similar to Ethereum’s ERC-20 token standard.

Trezor’s support for SOL and SPL tokens comes at an opportune time as Solana has witnessed a resurgence in interest in recent months. Both trading activity and search engine searches for Solana have surged significantly. SOL rallied by an impressive 266.8% since early October, when it traded around $22.

Trezor’s decision to add support for SOL and SPL tokens also comes at a time when Ledger, another popular hardware wallet, was hit by an exploit on its Ledger Connect Kit, which connects websites to wallets. This has compromised many popular decentralized apps and caused over $600,000 to be drained.

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