Virtuals Protocol Expands To Solana, Launches Meteora Pool

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Virtuals Protocol Expands To Solana, Launches Meteora Pool

Virtuals Protocol, a platform that focuses on building a co-ownership layer for Artificial Intelligence (AI) agents, has announced its expansion to Solana. The move marks a significant milestone in the platform’s journey to fuel innovation and empower developers across diverse ecosystems. This integration also paves the way for future AI developments on the Solana network.

As proclaimed by Virtuals Protocol, the platform’s integration into the Solana blockchain marks the beginning of another exciting phase. Their mission centers on creating meaningful value, invoking innovation among builders, and pushing the platform to unprecedented success.

Virtuals Protocol Makes its Debut on Solana

On January 25, Virtuals Protocol announced in an X post that the platform has extended its services to the Solana ecosystem. Virtuals Protocol wrote on X, “We are beyond excited to announce Virtuals’ expansion to Solana, marking a significant step in our journey to empower builders and drive innovation across multiple ecosystems.”

While the platform intends to extend its presence to various other blockchains, Solana marks just the starting point. Virtuals Protocol intends to establish dedicated resources to join hands with industry leaders and institutions. In addition, the platform also plans to provide financial support for projects within the ecosystem.

Meteora Pool Launch on Solana: What To Know

As part of its debut on Solana, Virtuals Protocol is launching the Meteora Pool on the blockchain ecosystem. The launch enables customers to find new trading opportunities.

In response to the development, Meteora, a decentralized finance (DeFi) project on Solana, expressed enthusiasm, stating, “We’re thrilled to be the liquidity layer supporting the expansion of the Virtuals Protocol ecosystem into Solana.” The liquidity staking platform added that the 16,000+ AI agents already launched on Virtuals Protocol would catalyze a substantial on-chain growth of AI agents.

Virtuals-Solana Integration Sees Seamless User Experience

Primarily, Virtuals Protocol envisions providing a seamless experience to users. The Virtuals-Solana integration aims to establish a Strategic SOL Reserve (SSR).

By allocating 1% of trading fees, the platform plans to build the SSR, which will be utilized to incentivize and reward agents and creators within the ecosystem. In addition, the platform will continue to offer the popular AGENT/VIRTUAL trading pair without any modifications. Reiterating its commitment, Virtuals introduced its Venture Partner Model, stating,

But we’re not stopping there. We’re doubling down on our commitment to empower builders and creators in the Base and Solana ecosystem with the launch of our Venture Partner Model.

Further, the platform extended regards to Solana’s third-largest DeFi Protocol, Jupiter, and interoperability protocol LayerZero for their support in the integration. Jupiter also shared its excitement for Virtual Protocol’s expansion, stating, “Thrilled to have Virtuals on Solana, powered by Meteora.” This follows Jupiter’s acquisition of a majority stake in crypto trading platform Moonshot.

Solana and Virtuals Protocol Plummet Amid Integration

Despite the development, both SOL and VIRTUAL saw notable dips over the last 24 hours. As of press time, SOL trades at $250.92 with a drop of 6.29% in a day. However, the token has surged by 3% and 33% over the last week and month, respectively. This price trend aligns with analysts’ forecast of Solana’s focus on $420 amid Grayscale’s SOL ETF discussions.

Meanwhile, VIRTUAL has shown grave declines over the past day, week, and month, marking dips of 4.6%, 13.28%, and 12.48%, respectively.

The post Virtuals Protocol Expands To Solana, Launches Meteora Pool appeared first on CoinGape.

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