Solana Debuts Phone Staking App, Plans iOS and Android Expansion

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Yellow2025/01/18 00:22

By:Yellow

Solana is gearing up for a landmark year in 2025, as it introduces a revitalized network alongside its new mobile staking app, funded by Solaxy (SOLX). This development promises to enhance user experience significantly while allowing investors to stake their Solana assets conveniently through the Orangefin app, which is a recent acquisition by Canadian firm Sol Strategies.

Orangefin, currently accessible only via the Solana dApp Store on Solana phones, is set to debut on Google Play and the iOS App Store later this year.

This app enables users to stake Solana (SOLX) coins, offering annual percentage yields (APYs) of 8-10%, alongside regular phone functionalities. Users can also expect state-of-the-art security, with full control over their private keys and no security breaches reported to date.

The Solana Saga crypto phone offers cutting-edge features for crypto enthusiasts. Alongside the upcoming Solana Seeker, this Android device is tailored for serious cryptocurrency investors, providing a 'seed vault' for secure storage of private keys and NFTs, as well as a dedicated dApp store featuring the Orangefin staking app.

This simplified staking process is likely to encourage broader investments in Solana. Currently, Solana is trading at nearly $217 per token with a market cap exceeding $105 billion.

Developers are poised to leverage Solana’s improvements, anticipating further innovations and positioning Solana as a leading player in the crypto space.

The news doesn’t end with Orangefin. Solana is also set to overcome its historical network issues with the introduction of Solana L2. This next-generation blockchain promises a streamlined experience, reducing transaction costs and network downtime, accompanied by improved transaction success rates.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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