Solana On-Chain Staking Now Available on Crypto.com By DailyCoin1 min read
Solana On-Chain Staking Now Available on Crypto.com
The positive move is set to make Solna more accessible. surged 11% a day after the announcement.Crypto.com offers both on-chain and off-chain staking.
After months plagued by outages and volatility, Solana has seen a welcome development. A major crypto exchange added support for staking on the Solana blockchain.
On Tuesday, April 11, Crypto.com announced it would offer its users on-chain staking for Solana, with up to 5% annual percentage returns (APR) for staking SOL tokens.
The service will make Solana staking more accessible to Crypto.com users. With on-chain staking on the platform, users will be able to stake their tokens without any technical knowledge.
Staking integration on Crypto.com was one of the latest positive advancements for Solana. Technical developments and favorable macro factors pushed Solana up 11% on…