MetaMask Expands Multi-Chain Dominance—Now Officially Supports Solana via Browser Extension

In a move that further cements MetaMask’s position as the Swiss Army knife of crypto wallets, ConsenSys has quietly deployed Solana integration for its flagship browser extension. No fanfare, no token giveaway—just a silent update that lets 30 million+ users suddenly access SOL dApps without switching wallets.

The integration comes 11 months after Solana’s infamous network outage crisis—because nothing says ’enterprise-grade blockchain’ like needing MetaMask as a credibility life raft. Traders can now flip from Ethereum DeFi to Solana NFTs faster than a VC can say ’modular blockchain.’

Behind the scenes: This required building a custom Solana Snap (MetaMask’s plugin architecture), since Solana’s account model clashes with Ethereum’s. The wallet now auto-detects chains, sparing users from manually adding RPC endpoints—a small mercy for normies who still think RPC is a Soviet republic.

Why it matters: With Solana’s daily active addresses hovering near 1.2M (per Solscan), MetaMask just handed its user base a master key to one of crypto’s most vibrant ecosystems—no seed phrase migration required. The real test? Whether Solana’s ’proof-of-history’ can handle the influx of MetaMask degens chasing the next 100x memecoin.

Safe-Haven Demand Amid Fiscal Fears

A major driver behind this divergence is growing investor unease over U.S. fiscal policy. The Treasury’s recent $16 billion 20-year bond auction saw weak demand, triggering a broader sell-off in bonds and pushing the yield on 30-year Treasurys to 5.1%. 

Yields on 20- and 30-year notes were last seen at 5.136% and 5.128%, respectively. The benchmark 10-year Treasury yield rose to 4.593%. 

These surging borrowing costs, following Moody’s downgrade of the U.S. credit rating and ahead of the passage of a major tax-and-spending bill likely to add trillions to the national debt (now at $36.2 trillion), have prompted some investors to rethink Treasurys as a safe-haven asset. 

In this environment, gold has gained favor as a hedge against fiscal instability and geopolitical tension.

Central Banks Are Buying

Central banks, especially in emerging markets, are increasing their gold reserves aggressively. China, for instance, has tripled the share of gold in its foreign exchange reserves since 2022, importing over 700 metric tons from the UK alone. 

This strategic accumulation is part of a broader MOVE to de-dollarize and diversify reserve holdings, particularly as geopolitical tensions and the threat of sanctions make reliance on U.S. assets riskier.

Inflation and Rate Cut Expectations

Despite high yields, expectations are growing that the Federal Reserve could pivot to rate cuts later this year. Inflation remains stubbornly above the Fed’s 2% target, but slowing economic growth is adding pressure on policymakers. 

Market pricing as of mid-May suggests traders expect at least two rate cuts by the end of 2025. 

Analysts like Ilia Spivak expect gold to remain elevated, projecting prices around $3,450–3,500, while Commonwealth Bank of Australia sees potential highs NEAR $3,750 by Q4, driven by demand for safe havens and a weaker dollar.

Conclusion

Gold’s rise in the face of elevated Treasury yields reflects deeper macroeconomic anxieties: fiscal instability, central bank repositioning, and shifting expectations for monetary policy. 

With traditional safe-haven assets under scrutiny, gold has reasserted its role as a reliable store of value amid growing uncertainty.

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