Bitget Wallet Implements Smart Money Monitoring Feature for Solana

by Eve Adams

2 years ago

The developers of the Bitget Wallet have introduced a new Smart Money data monitoring feature for the Solana network. This was reported by project representatives.

According to the provided information, the new tool analyzes Solana data in real-time, tracking over 100,000 addresses of experienced traders, also known as Smart Money, using artificial intelligence.

This feature allows users to view transactions and track the actions of professional investors directly from the Bitget Wallet app. Such an approach significantly enhances asset discovery and trading capabilities, noted the developers.

The main features of Smart Money for Solana include:

real-time token market view;
access to a list of trending coins;
priority transaction fee for Solana;
Instant Swap mode for doubling transaction speed.

The popularity of memecoins on the Solana network has drawn users' attention to advanced trading capabilities. With the introduction of Smart Money monitoring and cross-chain transaction support, we will further enhance user activity and trading levels, stated Alvin Kan, COO of Bitget Wallet.

He added that the crypto wallet team will continue to offer users advanced tools and experiences, thereby providing broad opportunities for profit.

Bitget Wallet noted the rapid growth of the Solana blockchain. According to the team, this is facilitated by developments in the decentralized physical infrastructure (DePIN) sector and the popularity of memecoins. The press release states that the total value locked (TVL) in the Solana network exceeded $5 billion, reflecting the ecosystem's popularity among the community. Bitget Wallet pointed to the high transaction speed, low cost, and innovative consensus mechanisms of the blockchain, which make Solana the preferred platform for creating decentralized applications (dApps).

Since Bitget Wallet supports Solana and deeply integrates into its ecosystem, users can easily manage assets on this network and interact with trending protocols through the crypto wallet browser. Additionally, the Bitget Swap solution enables cross-chain transactions on Solana.

Thus, users can also access assets on the Ethereum and Base blockchains through the Bitget Swap feature, offering a multifunctional and interactive approach.

It should be noted that at the end of May 2024, project representatives announced the launch of the native BWB token on the Launchpad platform. After that, the number of daily Bitget Wallet users increased by 23% in the Middle East and North Africa, the team claims.

The implementation of the Smart Money feature is expected to further enhance the trading experience for the growing user base and increase community engagement.

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