MetaMask will add support for Solana (SOL) this month, expanding user exposure to assets including plans to onboard Bitcoin and enhance wallet connectivity.
Solana integration is a significant milestone in MetaMask's roadmap, aiming to increase interoperability between networks beyond Ethereum Virtual Machine (EVM) compatible networks and grow the wallet's user base.
MetaMask's upcoming support for Solana and Bitcoin is part of its long-term strategy, which includes gas swaps to enable users to pay with the tokens they hold and eliminate gas in most transactions.
Solana bulls anticipate a price rally with MetaMask integration potentially driving stronger institutional adoption, coinciding with increased accumulation of SOL tokens by institutional investors and prospects of a potential spot SOL ETF pending Securities and Exchange Commission (SEC) approval.