The Solana Foundation has introduced two new tools, “Actions” and “Blockchain Links” (Blinks), to help integrate Web3 capabilities into mainstream platforms and promote blockchain adoption. Actions enable users to conduct Web3 transactions such as asset transfers, NFT interactions, voting, betting, and tipping content creators. Blinks allow developers to convert Actions into shareable links, making blockchain interactions accessible on websites and social media.
These tools bridge the gap between traditional web applications and decentralized finance (DeFi), enhancing digital experiences. Additionally, Light Protocol and Helius Labs have launched a ZK Compression testnet on the Solana network to reduce transaction costs. ZK Compression utilizes zero-knowledge proofs and call data to minimize on-chain data storage, resulting in significant fee savings for Solana transactions.
Despite the benefits of ZK Compression, critics from the Ethereum community argue that it functions as a Layer 2 (L2) solution, contrary to Solana’s anti-Layer 2 stance. However, Solana’s co-founder Anatoly Yakovenko has defended ZK Compression, emphasizing its independence from certain features associated with Ethereum-based L2 solutions.
In terms of SOL price analysis, the cryptocurrency experienced a temporary dip but has since rebounded, currently trading at $138. Analysts suggest that SOL’s movement above the 1-day 200MA is a positive indicator, signaling potentially bullish sentiment. To reach the $200 mark, SOL must overcome resistance levels at $150, $162, $174, and $186.
The ongoing momentum and positive developments in the Solana ecosystem will determine whether SOL can sustain its recovery and reach higher price levels in the future. Investors are keeping a close eye on SOL’s performance as it aims to surpass key resistance barriers and consolidate above $200.