Solana News Today: Top Announcements at Breakpoint 2024 Revealed

At Solana Breakpoint 2024 in Singapore, excitement filled the air as the Solana community gathered to see groundbreaking updates. SolanaFloor recently shared exciting news on X: Franklin Templeton, a global asset manager with $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain.

This announcement, made during the event, highlights the growing interest from large institutions in blockchain technology.

Curious to know more about what other major announcements were made at Breakpoint 2024? Read on.

A Game-Changer for Solana!

Franklin Templeton’s move could be a game changer, showing that mainstream financial institutions are gaining confidence in Solana’s capabilities.

This partnership is expected to boost Solana’s reputation in the financial world, showcasing its scalability, speed, and security for managing assets and other uses. The support from such a major player could further strengthen the Solana ecosystem and shape future developments in decentralized finance (DeFi).

Other Key Announcements

At Solana Breakpoint 2024, Jupiter Exchange made several major announcements that could significantly boost the Solana ecosystem:

The decentralized exchange (DEX) revealed it has acquired SolanaFM, a native Solana data explorer, and Coinhall, a leading Cosmos aggregator.

These acquisitions aim to improve Jupiter’s data and trading capabilities, with Coinhall’s cross-chain expertise set to enhance Jupiter’s offerings. Additionally, Jupiter is launching its Jupiter Mobile platform, making crypto trading easy with zero fees and convenient SOL purchases via Apple Pay or Google Pay. This could bring millions of new users into the Solana ecosystem. Following the news, Jupiter’s value jumped by 12%, while Solana’s price saw a remarkable 9% rise.

Exciting Innovations Around the Corner

Alongside these announcements, Perps V2, Metropolis API, and Jupiter Mobile have also been launched at the event. Reown, formerly known as WalletConnect, introduced its Solana Appkit—a toolkit designed to simplify development on the Solana blockchain.

This platform aims to boost Solana’s connectivity and grow its user base. Reown is known for its large EVM network, which facilitates over 15 million monthly wallet connections across more than 100 blockchains.

Also Check Out: Kamala Harris Teams Up with Scaramucci to Shape U.S. Crypto Regulation Ahead of 2024

Solana is making some noise with the Breakpoint event. What are you most excited about?