Trezor hardware wallets add support for Solana and SPL tokens

Quick Take

  • The crypto hardware manufacturer Trezor added support for Solana and Solana Program Library (SPL) tokens. 
  • The move comes amid a price rally for Solana and renewed interest in the token. 

Trezor, a web3 hardware wallet manufacturer, has added support for two new tokens. 

Trezor's hardware wallets Model T and Safe 3 now support SOL and Solana Program Library (SPL) tokens, the company wrote on social media platform X

The Trezor Safe 3 costs $79 and comes with a special chip that provides added security. The Model T includes a touch screen interface at a $179 price tag. Both support over 8,000 coins and tokens and allows users to send, receive and trade their assets. 

SOL is the native token of the Solana blockchain, and SPL is the token standard on Solana that's similar to Ethereum's ERC-20 token standard. 

Solana rallies

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Trezor's support for SOL and SPL tokens comes at a time when Solana is seeing renewed interest in both trading and search engine searches within the last two months. Solana's price sits at $80.34 as of 11:00 a.m. ET with an 8.62% increase in the last 24 hours, according to The Block's Price Page for Solana. The token increased 266.8% from about $22 in early October to now. 

The price of Solana has rallied over the last few months. Image: The Block's Price Page.

Google search volume for "Solana" has increased 250% between early October and mid-December, The Block previously reported.


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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Editor

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