A Look At Solanium's Busy 1st Week of June

The community-governance project ignored a turbulent market, pumping out huge updates for their protocol.

By
John Tunney
on
June 9, 2021
Category:
Breaking News

Taking Care of Business

The new DeFi project Solanium which runs along the Solana blockchain has been hard at work despite the market volatility. The Solanium platform is a decentralized network on the Solana blockchain that looks to introduce decentralized fundraising, time-weighted token staking and governance voting to the Solana protocol. 

In a series of recent  announced updates, Solanium has been unveiling huge updates on their project, including partnerships, being added on CoinGecko, a support portal, and support of new wallets.

Source

Open the Gates

The first couple of major updates were announced on June 1st, where Solanium announced that the token was open for trading on both the MXC.com and gate.io. Following the news, Solanium announced another only two days later that SonarWatch has now brought Solanium unboard for users to track the Solanium LP tokens. 

Following the new partnership with SonarWatch, Solanium then announced over the course of three days the following updates: 

Concluding Thoughts 

Solanium has been on a mission of improvement as of recently. The platform has been pumping out large updates, showing tons of potential for the user base and skeptic investors. As the Solana network grows, so too are the projects on the Solana platform. Solanium has demonstrated that even in a turbulent, shaky market, there exists room for development and continued growth. It should be very interesting to see how Solanium continues its growth in the coming months, especially as the market stabilizes around it.


About Solanium

The Solanium platform is a decentralized platform on the Solana blockchain. The platform is an all-in-one solution for Solana, with an integrated wallet, DEX, and transaction management. All major Solana wallets will be supported, with future updates to add new wallets in the works. The user does not have to leave the platform to see token balances, send or receive tokens or manage token accounts. This convenience is what has driven adoption of the protocol, and gives them a leg-up on more stripped-down platforms.

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.