Share this article
Coinbase Adds Solana Tokens to Self-Custody Wallet in Non-EVM First
But don’t try out Solana-based DeFi just yet. Coinbase Wallet can’t yet plug into Solana dapps.
By Danny Nelson
Updated May 11, 2023, 5:59 p.m. Published Mar 17, 2022, 5:00 p.m.
Make us preferred on Google
Coinbase’s (COIN) self-custody crypto wallet added Solana ecosystem tokens Thursday in an expansion of the MetaMask competitor’s coverage scope.
Solana program library (SPL) tokens – Solana’s version of Ethereum’s ERC-20 tokens – are now the first non-Ethereum-compatible crypto asset on Coinbase Wallet. The browser extension and app was previously limited to Ethereum Virtual Machine networks such as Polygon, BNB Chain and Avalanche.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Solana’s addition has the primary effect of greenlighting this blockchain’s ecosystem of token-linked lending, trading, governance and stablecoin projects for deposit. It follows Coinbase’s opening of trading last month for two such projects: Bonfida and Orca.
In a blog post shared with CoinDesk, the crypto exchange pledged more Solana integrations are coming soon, including support for Solana-based non-fungible tokens (NFT). Also upcoming is the ability to plug Coinbase Wallet into Solana decentralized applications (dapp).
“You can store, send and receive Solana tokens now. Dapp connections, trading and NFTs are coming soon,” a banner within the app said Thursday.
That SPL support launched prior to dapp compatibility means Coinbase Wallet is of limited functional use within the Solana ecosystem – be it for decentralized finance (DeFi) trading or buying NFTs. Competing Solana wallets such as Phantom and Solflare both have this feature; they even provide an interface for users to stake coins within the app.
A Coinbase representative did not respond to questions.
Read more: Coinbase Lists Solana-Based Project Tokens for First Time
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
R3 bets on Solana to bring institutional yield onchain
As DeFi investors seek stable, uncorrelated returns, R3 is building Solana-native structures to bring private credit and trade finance into crypto markets.
What to know:
- R3 has repositioned itself around tokenization and onchain capital markets, with Solana as its strategic base.
- The firm is targeting high-yield, institutional assets like private credit and trade finance, packaged in DeFi-native structures.
- Liquidity, not tokenization itself, is the next unlock for real-world assets onchain, according to R3 co-founder Todd MacDonald.
Top Stories
