The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the ongoing expansion of blockchain payment solutions, WalletConnect Pay has officially added support for the Solana network. According to reports, this integration allows users and merchants to execute instant payments using the network's native token SOL, alongside major stablecoins USDC and USDT. The integration aims to enhance multi-chain payment flexibility and simplify merchant transactions to boost broader crypto adoption.
This expansion comes as Solana experiences significant growth in the payments sector, with the network processing over $4 trillion in transaction volume during 2024 according to data from Artemis (external research). Solana competes directly with networks like Ethereum and Polygon on processing speed and low costs, with transaction fees on Solana typically averaging less than $0.01 per market data, making it a preferred destination for payment providers like WalletConnect.
On the operational front, the SOL token price stood at $64.64 (close June 10, 2026) amid continued anticipation of institutional blockchain adoption. Traders are closely watching the US economic calendar, specifically the Initial Jobless Claims scheduled for June 4, 2026, which could impact risk appetite across digital asset markets.
Sign in to access this content
Sign In