High-profile crypto exchange Coinbase has reportedly rolled out facilitating features for Solana (SOL) and its ecosystem of Solana tokens (SPL).

Specifically, Coinbase reportedly mentioned the rising interest towards Solana throughout the last 12 months, with investors keeping an eye out for more reasonably priced alternatives to Ethereum, as the primary driving force for the decision to facilitate the network. 

The expanded wallet support was reportedly introduced only some days following the company’s release of Coinbase Pay, making it possible for users to fund their wallets via a web browser extension in a direct manner.

The company further loosely outlined plans to “further integrate” with Solana, via linking the Coinbase Wallet with decentralized applications (DApps) and non-fungible tokens (NFTs) operating on the network. 

Users of wallets operating across the Solana platform like Phantom and Solflare will reportedly now have the power to import their current wallets into the Coinbase Wallet using a desktop browser extension also.

With supporting features for the Solana network rolled out, the Coinbase Wallet now facilitates Ethereum, Avalanche, Polygon, BNB Chain, Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), Stellar Lumens, and the Ripple network.

“Many users have been looking for networks that are optimized for scale, offering low-cost transactions and fast transaction times. One of the fastest-growing blockchains over the past year has been Solana.”

Per insights generated by DefiLlama, the Solana blockchain is reportedly standing in the fifth spot in terms of total value locked (TVL) in DeFi protocols at $6.94 billion.

NFT data aggregator CryptoSlam stands at second place in terms of the highest blockchain for secondary sales volume in February, at $156.28 million.