altcoinbuzz.io
Trustpad, the DeFi protocol known for helping projects safely and securely raise funds, is partnering with top blockchain Solana.
According to an official Trustpad blog post, the integration with Solana (SOL) is a step in the right direction for the TrustPad ecosystem. TrustPad is widely known for its vision of creating a perfectly seamless multi-chain platform. Thanks to the integration, the DeFi platform is even closer to achieving this vision. Also, TrustPad will enjoy a top-notch launchpad experience. One that is ultra-fast and cost-effective.
More on The Integration
Thanks to the integration:
- TrustPad will be able to launch projects on Solana
- And vice versa, users can take part in Solana-based launches on TrustPad.
The integration helps the Trustpad ecosystem with:
- low-cost
- interoperability
- scalability
- more interaction with other blockchain platforms
- and increased adoption and growth of the DeFi platform.
The partnership will also help to increase the amount of Solana-based projects being launched through the TrustPad ecosystem.
Solana blockchain is currently one of the top blockchain platforms available today. The open-source blockchain platform has a total market cap of ~$72 billion. This is quite huge, considering the fact that Solana first officially launched in March 2020.
The Solana blockchain is known for its low costs alongside its Proof of Stake (PoS) and Proof of History (PoH) consensus mechanisms. Projects are turning to Solana from other top blockchains like Ethereum (ETH). Unlike Ethereum, Solana is designed to overcome scalability issues.
Following the integration, all IDOs set to launch on TrustPad will also be compatible with Solana soon. According to reports, three different Solana IDOs will take place this November. Find out more about them here.
About Solana and TrustPad
Solana is well-known as an open-source, high-performance blockchain platform. The foundation is based in Geneva Switzerland.
TrustPad, on the other hand, is helping to build the blockchain space in a secure and sustainable manner. The DeFi platform also boasts of partnerships with top firms like AU21 Capital, Twin Apex Capital, Tokenova, Momentum 6, GD10 Ventures, etc.
SOL & TPAD Price Activity
At the time of writing, SOL is trading at $213.49 with a market cap of $64,680,470,298 and a 24-hour trading volume of $3,155,492,113. The token price is also down by 6.4% in the last 24 hours.
TPAD is trading at $0.91 (91 cents) with an unknown market cap or circulating supply. The total supply will be 100 million implying a diluted market value of $91 million. The token is up 5.6% in the last 24 hours.