Dfinity Foundation has announced the integration of Solana into Internet Computer Protocol (ICP), enabling developers to create multi-chain applications and enhance DeFi functionalities.
Integration of Solana into ICP
Dfinity Foundation, the creator and major contributor to Internet Computer Protocol (ICP), has announced the integration of Solana onto the ICP chain. This new integration utilizes ICP’s Fusion technology, allowing the protocol to connect to some of the world’s most active public blockchains.
Chain Fusion Technology and Its Benefits
By bridging the gap between Solana and ICP through Chain Fusion, developers are provided with powerful new tools to build dApps that unify speed, security, and decentralization into one seamless experience, essentially dissolving barriers to blockchain innovation. The integration allows ICP’s native smart contracts, known as canisters, to interact with other chains, ensuring seamless performance and security.
Dfinity's Goals in Building a Decentralized Internet Ecosystem
This integration of multiple public chains marks another step for Dfinity toward building a decentralized Internet ecosystem. The fusion opens up additional Web3 opportunities for both projects and end users. ICP stands to gain potentially 4.8 million daily active users due to Solana's recent growth. However, ICP's current DeFi sector is limited, with less than $30 million in total value locked.
The integration of Solana into ICP using Chain Fusion technology opens new horizons for developers and users, paving the way for a more decentralized internet landscape.
