Silence Laboratories and Zengo Partner to Enhance MPC-Based Key Management on Solana

Silence Laboratories has announced a strategic partnership with Zengo, a leading self-custodial crypto wallet, to advance MPC-based key management solutions. This collaboration marks a significant step in enhancing security and user experience, particularly with Zengo’s integration into the Solana ecosystem. The partnership leverages Zengo’s expertise in eliminating seed phrase vulnerabilities and its robust user base of over 1.5 million users. Together, the two companies aim to drive innovation in secure key management, starting with Solana, as of May 8, 2025.

Silence Laboratories and Zengo Forge Strategic Partnership for MPC-Based Key Management

Silence Laboratories has entered a strategic partnership with Zengo, the leading self-custodial crypto wallet renowned for eliminating seed phrase vulnerabilities. The collaboration will drive R&D in MPC-based key management, beginning with Zengo’s integration into the Solana ecosystem.

Zengo serves over 1.5 million users with a seamless onboarding experience and secure recovery features, leveraging MPC technology to remove single points of failure. Unlike traditional wallets, Zengo users avoid seed phrase risks while maintaining full asset control.

The partnership underscores growing institutional interest in secure digital asset custody solutions. MPC adoption continues rising as enterprises seek alternatives to conventional key management systems.

Solana Faces On-Chain Weakness After $150 Rejection: Is a Price Pullback Ahead?

Solana’s recent rally faltered near the $150 resistance level, triggering a wave of liquidations and on-chain deterioration. The rejection coincides with broader market uncertainty as traders await the Federal Reserve’s interest rate decision.

Network activity on Solana has declined sharply following the price reversal. Analysts suggest a Fed rate cut could alleviate selling pressure, but the short-term outlook remains clouded by technical weakness.

Solana Struggles to Reach $150 Despite Growing Fundamentals

Solana’s price remains range-bound NEAR $142, with trading volume surging past $3 billion. While bullish momentum appears constrained, the network’s fundamentals strengthen following a critical bug fix that averted potential exploitation.

Developers swiftly patched a zero-day vulnerability that could have enabled unlimited token minting. This proactive response underscores Solana’s technical resilience amid fluctuating market conditions.

Solana’s DEX Volume Surpasses $800 Billion in 2025 as Ecosystem Activity Soars

Solana’s decentralized exchange volume has eclipsed $806.8 billion year-to-date in 2025, marking a fourfold increase from the same period last year. The surge reflects both broader crypto market momentum and Solana’s growing dominance in decentralized trading.

January alone accounted for over half the annual volume at $408 billion, fueled by a market-wide rally that began in late 2024. While dollar-denominated metrics retreated to pre-rally levels by March, the network continues to demonstrate robust activity.

Jupiter maintains its position as the leading DEX on Solana, driving significant protocol engagement. The milestone underscores Solana’s capacity to handle institutional-scale trading volumes while maintaining its decentralized architecture.