Crypto custody provider Fireblocks revealed support for Solana-based DeFi and apps through its Web3 engine. For the customers, this means that they will have access to lending, borrowing, staking and Web3 products.
In a blog post, Fireblocks noted that they are the first gateway for institutions to enable secure connection to non-EVM chains.
Fireblocks co-founder Anatoly Yakovenko said various businesses use the platform to access DeFi products and services. From now, they will have access to Solana's DeFi ecosystem directly.
According to DeFi Llama, Solana is the 6th largest blockchain with over $1.4 bln TVL. Since the start of this year, its NFT ecosystem has surpassed that of Ethereum.
Solana's native token SOL now trades at around $32. It's the 9th largest crypto with a market cap of over $11 bln.