Solana Drops Game-Changing Smart Wallets—Here’s What You Need to Know

• Solana Smart Wallets introduce gasless, programmable functionality without seed phrases, marking a leap in user experience and security.
• The blockchain giant faces market turbulence, yet its innovation continues to attract attention.

Solana has dropped its long-awaited Smart Wallets, aiming to redefine blockchain wallet standards. The wallets are programable smart contracts, and the transactions are gasless, more secure, and scalable.

Unlike traditional seed phrases and private key-based wallets, the Smart Wallet’s incorporation of cutting-edge tech offers users and developers a frictionless experience.

BIG: Solana Smart Wallets have arrived.

This isn't your typical embedded wallet — think fully programmable with zero gas fees and no seed phrases, built for scale.

Meet millions of users where they are.

h/t to Crossmint, Squads, and Helius for shipping. https://t.co/vPXPAMKwh2

— Solana (@solana) February 20, 2025

Built for mass use, the Solana Smart Wallets are equipped to support social logins, multi-party computations (MPC), and passkey signers, negating the risk of losing private keys. The wallets are simple for developers to deploy through minimal coding, making them an excellent tool to fuel blockchain innovation.

This launch represents the company’s focus on the scalability of Web3 applications in the fields of gaming, social finance (SocialFi), AI agents, and enterprise-class solutions.

The wallets, supported by Squads Protocol, worth over $10 billion, offer programmatic security and flexible custody arrangements. Their integration into the Crossmint platform also streamlines onboarding and asset handling.

How Solana Smart Wallets Work

Solana Smart Wallets are special in the sense that they offer usability and premier security. Programmable by smart contracts, they offer gasless interactions and eliminate approval requests from transactions, resulting in a smooth experience.

Key features are app-scoped wallets to accommodate use case-specific applications, including social applications and gaming, custom permission to accommodate asset and operation handling by the app’s authors, and a non-custodial architecture to retain control by the users.

These wallets integrate into applications seamlessly through APIs, making them a good fit for developers who are reaching millions. Operations, including token minting, fiat-based settlements, and asset exchange between various blockchain chains, enhance the potential of blockchain.

SOL Breakout Above $195 Could Attract New Demand

Following the announcement of the Solana Smart Wallets, SOL also recorded a modest turnaround, going up by over 3% to the current position at $176.49. This comes after weeks of extreme downward pressure, during which the cryptocurrency went down by approximately 45% in value due to the $LIBRA memecoin scandal.

The $155–$165 zone has become a major support zone, working as a tight order block and could potentially stop the declines. Analysts commented on how the movement in the price in Solana closely mimicked the trend in Bitcoin, reflecting the correlated nature of the overall cryptocurrency market.

Two potential directions are presently driving the future course of Solana’s price. In the first and most favorable scenario, SOL could build demand from the current position and move to significant resistance zones at $195 and $230.

A breakout above the stated levels would put an end to the current trend and could initiate new investor and developer demand. The area around the $195 point is seen to be the point at which buyers could intervene to gain control.

However, the other image portrays a bearish picture. Breaking the support zone of $89k–$92k, Bitcoin may put pressure on Solana to drop to a value of less than $150. This would resemble the past declines based on supply and could see SOL test fresh lows in the range of $140.

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