Bitget Wallet launched Smart Money monitoring for Solana: what does this mean for users
Date: 2024-06-17 Author: Henry Casey Categories: BLOCKCHAIN
Bitget Wallet, a well-known crypto wallet, has introduced a new data monitoring feature called Smart Money for the Solana network. This innovation was announced by representatives of the Incrypted editorial project and promises to significantly expand opportunities for traders and investors.
Technological features of Smart Money
The Smart Money feature uses artificial intelligence to analyze data on the Solana network in real time. This tool tracks the activity of over 100,000 addresses belonging to experienced traders known as Smart Money. Now users will be able to monitor the transactions and strategies of professional investors directly from the Bitget Wallet application.
Key features of Smart Money for Solana include:
- View the token market in real time.
- Access to the list of trending coins.
- Payment for transaction priority in the Solana network.
- “Instant exchange” mode, doubling the speed of transactions.
Bitget Wallet Management Statement
Bitget Wallet COO Alvin Kahn noted that the popularity of memcoins on the Solana network has attracted users' attention to expanded trading opportunities. “With the introduction of Smart Money monitoring and support for cross-chain transactions, we will further increase the activity and level of trading of users,” he said. Kahn emphasized that the crypto wallet team will continue to offer users advanced tools and experience to make a profit.
Development of the Solana blockchain
Bitget Wallet also noted the rapid growth of the Solana blockchain. According to the team, this is driven by developments in the decentralized physical infrastructure (DePIN) sector and the popularity of memcoins. The press release stated that the total value locked (TVL) on the Solana network has exceeded $5 billion, reflecting the popularity of the ecosystem among the community. High transaction speeds, low costs, and innovative consensus mechanisms make Solana the platform of choice for building decentralized applications (dApps).
Integration and new features
Bitget Wallet supports Solana and is deeply integrated into its ecosystem. Users can easily manage assets on this network and interact with trending protocols through the crypto wallet browser. The Bitget Swap solution allows cross-chain transactions on Solana, which provides access to assets on the Ethereum and Base blockchains.
Expanding the user base
At the end of May 2024, Bitget Wallet announced the launch of the native BWB token on the Launchpad platform, resulting in a 23% increase in daily users in the Middle East and North Africa. The introduction of the Smart Money feature is expected to further enhance the trading experience for the growing user base and increase community engagement.
The launch of the Smart Money feature in Bitget Wallet represents a significant step forward in the development of trading capabilities on the platform. With it, users can make more informed decisions by following the actions of professional traders and integrating advanced technologies into everyday trading.
