Trezor, a web3 hardware wallet manufacturer, announced on December 20th the addition of support for two new tokens, SOL and Solana Program Library (SPL) tokens, for its hardware wallets Model T and Safe 3. This move is particularly noteworthy following recent setbacks faced by another popular hardware wallet producer, Ledger. Trezor’s announcement was made through social media platform X, highlighting the company’s proactive approach in the crypto hardware wallet market.
The Trezor Safe 3 is priced at $79 and comes with a special chip for enhanced security, attracting users’ attention for its affordability and safety features. The Model T, on the other hand, offers a touchscreen interface for $179, providing significant convenience for users. Both hardware wallets support over 8,000 cryptocurrencies, allowing users to send, receive, and exchange their digital assets with ease.
SOL, the native token of the Solana blockchain ecosystem, plays a vital role and has been gaining investor interest, similar to how Ethereum‘s ERC-20 token standard has within its ecosystem. SPL tokens are part of the Solana ecosystem and are attracting attention as an equivalent standard to Ethereum’s ERC-20.
The support for SOL and SPL tokens by the Trezor team coincides with a renewed interest in Solana, as evidenced by a significant increase in both its price and search engine queries over the last two months. According to TradingView, Solana’s price saw a 10.51% increase in the last 24 hours, trading at $80.67 at the time of the article.
Since the beginning of October, SOL has seen an impressive 266.8% increase in value, rising from around $22 to the current levels, delighting investors. During this period, Google search volume for Solana spiked by 250% from early October to mid-December, indicating a growing interest from individual investors. The Solana ecosystem, including its tokens and NFT projects, is experiencing a hype, leading to increased investment and participation in the ecosystem.