Categories: Bitcoin

Solana Gets a Further Boost With The Launch of a Mobile Staking App


Solana is going to have a stomping 2025. The Solana network is going to get a thorough going-over with the launch of a new and improved network, funded by Solaxy ($SOLX). If that wasn’t great enough, a mobile Solana staking app has also just been launched.

The staking app is called Orangefin and was bought by a Canadian company, Sol Strategies, at the end of last month. It’s currently only available on the Solana dApp Store (via a Solana phone), but it’ll be making its premiere appearance on Google Play and the iOS App Store “later this year.”

What Does Orangefin Ventures’ Staking App Do?

As you’ve likely figured out by now, the Solana mobile staking app….well, allows you to stake Solana ($SOLX) coins on your Solana mobile phone. By staking on the app, you’ll be able to claim staking APYs of between 8-10%. You can also use the phone to make calls to people.

The Solana Saga crypto phone (shortly to be followed by its successor, Solana Seeker) is an Android phone designed for the discerning cryptocurrency investor. It has a ‘seed vault’ for private keys and storing digital assets like NFTs, as well as a dApp store where you’ll find the Orangefin Solana staking app.

For those who are concerned about security, the app gives the user full control over their keys. Orangefin also has a blemish-free reputation for security and compliance standards.

The introduction of this app will make Solana staking a much easier experience and will most likely encourage more investors to put money into the Solana coin. It’s already doing amazingly well. Solana is trading at almost $217 a token, with a total market cap of over $105B.

Orangefin is also an example of the type of dApp that developers can make, now that the continual problems with Solana are going to be fixed with L2. Expect more apps like this to appear in 2025, enhancing Solana even further and positioning it as one of the major crypto players.

Buy and Stake Solaxy ($SOLX) to Also Invest in Solana

As we mentioned above, the Orangefin Solana staking app is only the latest good news for the Solana blockchain. Its persistent problems – network congestion, high transaction fees, and failed transactions – could hopefully become a thing of the past.

A new version of the Solana ecosystem – Solana L2 – promises to banish all of these problems. It promises a much faster, sleeker Solana experience, with cheaper gas fees, less downtime, and fewer failed transactions.

You can invest in the ‘next-generation blockchain’ by buying Solaxy ($SOLX) coins. Its presale is currently ongoing, with a current token price of $0.001602 and a rocking staking APY of 325%. We love Solaxy so much that it’s one of our best meme coin recommendations for 2025. It’s also generated loads of online community buzz.

In Solaxy’s tokenomics, a big chunk of the money (30%) is going towards development, which is only to be expected. After all, the coin was made to fund the new Solana. But a further 25% has been put aside for staking rewards, which will motivate investors to buy Solaxy while they’re hot.

Buying Solaxy is An Easy Process

The price of Solaxy is due to go up in just a few hours, and presumably, the staking APY will also decrease slightly. So, right now is the time to lock in that lower price by buying Solaxy.

You can do this by signing up for a crypto wallet, like Best Wallet, and connecting it to the Solaxy website. Enter the amount you want to spend, and your tokens will be reserved for you. Note that you won’t actually get the tokens until Solaxy launches sometime this year.

As usual, we need to add the usual disclaimer that we only make predictions, not guarantees. Do your own research and come to your own independent conclusions. And never invest money you can’t afford to potentially lose.



Source link

CryptoCanada

Share
Published by
CryptoCanada

Recent Posts

Pakistan and El Salvador Share Notes

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Pakistan has…

2 days ago

Tether’s USDT Breaks New Ground With $160 Billion Amid Surging Crypto Market Activity

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Most of…

2 days ago

GENIUS Act clears House vote, stablecoin law could pass this week

The landmark stablecoin legislation, the GENIUS Act, could be on Trump’s desk by the end…

3 days ago

Upbit Listing Sparks Huge Gains for 4 Altcoins

Upbit, South Korea’s largest cryptocurrency exchange by trading volume, has announced the listing of four…

4 days ago

Federal Reserve, FDIC and OCC clarify crypto custody rules for banks

U.S. banking regulators have issued a statement clarifying the rules around cryptocurrency safekeeping, or custody,…

5 days ago

Coinbase Denies Bombshell Claim it Fueled Trump-Binance Hit Piece

Tensions in the crypto sector escalated over the weekend following allegations that Coinbase was the…

5 days ago