Solana Foundation Unveils New Blockchain Link Feature for Wide Range of Onchain Interactions
Summary:
The Solana Foundation has launched Solana Actions and blockchain links, also known as "blinks," which allow webpages to conduct a Solana transaction through a shareable URL. The feature has various applications including crowdfunding and onchain voting. Wallet support for Actions and blinks is also expected. The foundation emphasized the trustworthiness of connecting wallets to these new features, and to ensure safety, they have incorporated whitelisted domains from their partners. This follows a notable increase in Solana blockchain usage, largely attributed to its lower fees and the rise of memecoin activity.
The Solana Foundation has launched a noteworthy addition that offers the ability to link its blockchain to any webpage using a distributable link. The foundation announced on June 25 that it has rolled out Solana Actions and blockchain links, also known as "blinks". These would let any webpage capable of showing a URL carry out a Solana transaction. Essentially, this means that a chain of transactions on Solana can be executed through a simple, shareable link without leaving the webpage. Applications of this new feature could range from crowdfunding and online shopping to onchain voting.
As stated by Dialect’s founder, Chris Osborn, it's now possible to purchase a NFT, tip a creator, receive funds, vote, stake, swap and execute several other actions directly from your feed. Dialect is responsible for creating the developer tools which facilitate Actions, including self-hosted interstitial signing sites and software development kits, disclosed a Solana Foundation representative. Sharing a blink is possible through websites, social media platforms and even physical QR codes.
Jon Wong, the Solana Foundation's head of ecosystem engineering, highlighted that actions and blinks on Solana make any website or application a potential point of distribution for onchain interactions.
On the safety side, the Solana Foundation's roadmap for the new introduction will provide users the choice to activate wallet support for Actions and blinks. A Solana spokesperson said that connecting the wallet to DApps in Actions and blinks is as safe as trusting and using familiar DApps. If a user encounters a new API while pulling a transaction from a wallet, they should see a standard "connect to site" prompt. They further explained that if a site domain has been previously connected to a wallet, it has more chance of being reliable. To maximize safety, the rollout includes whitelisted domains from Solana's partners such as Jupiter, Helium, Truffle, Phantom, and Backpack.
Recently, there's been a substantial increase in the activity on the Solana blockchain. The blockchain has garnered a lot of attention as a go-to place for memecoins and decentralized infrastructure protocols due to its lower fees. A recent examination by venture company Pantera Capital revealed that Solana had over 60% of the fresh volume in decentralized exchanges in May. The study also showed that, "By May 2024, Solana was responsible for 85% of all new tokens surfacing on DEXs, a significant rise from 50% from the previous year. This boost in tokens based on Solana represents its robust retail usage, predominantly driven by memecoin activity.
Published At
6/25/2024 4:00:00 PM
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