June 30, 2022

Wondering about the best wallets for the Solana blockchain? Some of our favorites are Ledger and FTX.

Solana is an open-source and permissionless blockchain that is quickly gaining mass adoption. Solana is a Layer 1 blockchain that supports smart contracts and decentralized applications (DApps). The Solana project was founded in 2017 by Anatoly Yakovenko, a former Qualcomm executive. 

Solana desires to be an incredibly fast and scalable blockchain with low fees. Solana is currently the eighth largest blockchain by market cap and the fourth by Total Value Locked. 

The native token of the Solana network is SOL. The supply of SOL is uncapped and may be staked to earn interest.

Best Cryptocurrency Wallets for Solana

Cryptocurrency wallets are tools that enable users to send, receive and store cryptocurrencies, non-fungible tokens (NFTs) and other digital assets. The two main types of cryptocurrency wallets are hardware wallets and software wallets. A hardware wallet is a cryptocurrency wallet that stores the user’s private keys on a secure device that is not connected to the internet. Hardware wallets are a form of offline storage. Hardware wallets only allow access to the stored cryptocurrencies via your private key once the hardware wallet is physically connected to your computer or device.