KEY TAKEAWAYS
- Powerledger’s POWR-Solana token is now available for trading on BitMart, enhancing accessibility and interoperability.
- The transition to Solana supports Powerledger’s mission to scale clean energy markets with speed and transparency.
- Dual-chain support on Ethereum and Solana ensures continuity and utility for POWR token holders.
Powerledger has announced that its POWR-Solana token is now available for on/off-ramping on BitMart. This development allows users to seamlessly access and trade POWR tokens on BitMart using both the Ethereum and Solana blockchains. Previously, only the POWR (ERC-20) token was listed on BitMart, but the addition of POWR (Solana) marks a significant milestone in Powerledger’s expansion into the Solana ecosystem.
The transition to Solana was completed last year and underscores Powerledger’s commitment to building scalable, high-performance markets for clean energy and environmental assets. The company aims to overcome barriers to 24/7 clean energy and bring scalability, speed, and transparency to the energy market.
Key Features of POWR-Solana Token
The POWR-Solana token enhances compatibility with decentralized applications (dApps) on Solana, enabling faster and more efficient transactions. This seamless transition supports Powerledger’s mission to provide scalable solutions in the energy sector.
Powerledger continues to support the POWR token as an ERC-20 on Ethereum, ensuring continuity for existing holders and utility across leading blockchain ecosystems. This dual-chain support reflects the company’s commitment to accessibility and interoperability.
Leveraging Solana’s high-performance blockchain accelerates Powerledger’s ability to handle and scale high-volume energy transactions, promoting transparency in energy markets. Dr. Jemma Green, Co-founder and Chairman of Powerledger, stated, “Listing POWR on both Ethereum and Solana via BitMart reflects our commitment to accessibility, interoperability, and user choice.”
For more information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Powerledger’s POWR-Solana token is now available for trading on BitMart, marking a significant expansion into the Solana ecosystem. This development allows users to trade POWR tokens using both Ethereum and Solana blockchains, enhancing accessibility and interoperability.
A recent Token Metrics report highlights that Solana continues to experience a surge in new token launches, driven by its low transaction fees and high throughput. This aligns with Powerledger’s strategic move to leverage Solana’s capabilities, facilitating faster and more efficient transactions for energy market applications.
According to MEXC, expert opinions on dual-chain token strategies emphasize the benefits of separating governance and utility functions across different blockchains. This supports Powerledger’s approach of maintaining dual-chain support for POWR tokens, enhancing both accessibility and utility across blockchain ecosystems.
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