Solana Unveils Attestation Service to Revolutionize Internet Capital Markets
The solana Foundation has launched the Solana Attestation Service, a groundbreaking protocol designed to serve as a foundational trust layer for internet capital markets. This open-source solution allows verified issuers to securely link off-chain credentials—such as KYC results, geographic eligibility, or accreditation status—to a user’s wallet address without exposing sensitive data on-chain. The attestations reside within the wallet, ensuring privacy and security while streamlining processes for users and issuers alike. Currently, the price of SOL stands at 178.49000000 USDT, reflecting the market’s positive reception to this innovative development. This move underscores Solana’s commitment to enhancing trust and efficiency in the digital asset space, further solidifying its position as a leader in blockchain technology.
Solana Launches Attestation Service to Streamline Internet Capital Markets
Solana Foundation unveiled the Solana Attestation Service on May 23, positioning the protocol as a foundational trust layer for internet capital markets. The open-source solution enables verified issuers to link off-chain credentials—such as KYC results, geographic eligibility, or accreditation status—to a user’s wallet address without exposing sensitive data on-chain.
Attestations reside within the wallet, are portable across applications, and are verified via a software development kit. This design eliminates redundant onboarding checks and reduces the need for individual projects to store identity records. The service aims to simplify regulatory compliance while maintaining user privacy.
Solana Co-Founder Doxxed via Hacked Migos Instagram Account
Solana co-founder Raj Gokal became the target of a privacy breach when hackers compromised the Instagram account of hip-hop group Migos. The attackers posted unredacted images of Gokal’s driver’s license, passport, and personal contact information to the 13 million followers of the rap trio’s account.
The leaked documents included sensitive details about Gokal and his wife, with one post explicitly sharing his phone number. The incident highlights growing cybersecurity risks facing high-profile figures in the cryptocurrency space.
While the motive remains unclear, the breach occurred against the backdrop of Solana’s rising prominence in blockchain ecosystems. The network has recently gained traction as a preferred platform for decentralized applications and NFT projects.
Sonic SVM Ecosystem Sees Rapid Growth with $9M+ Trading Volume Driven by Native Projects
Sonic SVM, Solana’s first chain-extension platform, is gaining momentum after a successful mainnet launch and a developer hackathon that drew over 250 project submissions. The ecosystem now hosts a diverse range of applications, including DeFi protocols, NFT platforms, gaming projects, and meme tokens, several of which have already achieved notable user adoption and trading volumes.
The platform’s high-performance infrastructure is a key driver of this growth, enabling developers to build scalable and composable Web3 applications. Standout projects include a decentralized exchange (DEX) and a liquid staking solution, underscoring Sonic SVM’s potential to become a hub for innovation on Solana.
MetaMask Expands Support to Solana Network, Ending EVM Exclusivity
MetaMask, the leading hot wallet in the cryptocurrency space, has broken its ethereum Virtual Machine (EVM) exclusivity by integrating Solana support into its browser extension. As of May 27, users can now store SOL and Solana-based tokens directly in their MetaMask wallets, marking a significant shift in the platform’s interoperability strategy.
Mobile app integration for Solana is anticipated within weeks, according to company statements. This MOVE signals MetaMask’s broader ambition to support non-EVM chains, with Solana serving as the first of multiple planned expansions. The development eliminates the need for multiple wallets across different blockchain ecosystems.
