Circle, a blockchain payment firm, has launched its Web3 service on the Solana blockchain, targeting developers to build seamlessly. This expansion aims to help developers achieve new goals by providing Programmable Wallets and Gas Solutions, boosting security and creating an intuitive and enterprise-grade wallet.

Circle's Web3 Service on Solana

Circle's Web3 Service has launched on Solana to empower business and blockchain developers to launch applications. The service will help developers with little experience create multi-chain wallets in applications, abstracting away technical complexities like managing private key security, node infrastructure, transaction fees, onboarding, and authentication flows.

Solana's Decentralized Ecosystem

Solana's decentralized ecosystem has recorded growth in decentralized finance (DeFi) numbers, with developers switching to the platform and growth in overall numbers. Although Ethereum remains the largest smart contract blockchain, Solana has seen an uptick in NFT volumes and total value locked (TVL) in the ecosystem. According to DeFiLlama, Solana's TVL stands at $4.48 billion.

Circle's Delight

Circle expressed delight in giving platforms and devs the necessary tools for secure, fast, and scalable services. The company has consistently rolled out products to the Solana blockchain, including USDC and EURC stablecoins, as well as the integration of CCTP.

Conclusion

Circle's Web3 Service on Solana aims to onboard more users through frictionless exchange of value, aligning with its payment use cases. This expansion will help developers build seamlessly, boosting security and creating an intuitive and enterprise-grade wallet.