Kraken makes BIG move with Solana. This trend could be game changing!

[00:00:01]So, Kraken has made some interesting moves that we have to discuss. It has to do with Solana, but they're also preparing to do this with other blockchains.

[00:00:13]It's really, really good for DeFi, and it just goes to show you how powerful and how important DeFi will be to an ecosystem in the future. And that those ecosystems without DeFi are definitely going to suffer.

[00:00:28]Um what I'm referring to is that uh Kraken has introduced a Solana DEX trading uh app into its core app with support for additional networks planned.

[00:00:38]So, Solana is the first one they made a move on. That's not a big surprise cuz outside of Ethereum, Solana is the biggest network probably with the most apps, and it is by far the one with the most transactions.

[00:00:51]It eclipses Ethereum in terms of transactions, but in not in terms of value because of a lot of old money is still stuck on Ethereum, obviously.

[00:00:59]So, Kraken said the move reflects its broader DeFi mullet strategy to build products with familiar UI in the front powered by decentralized tools in the back. The launch is supported by Kraken's embedded wallet infrastructure privy and leading Solana DEX protocols, the announcement reads. Now, if it's in if it's like in incorporating Solana DEX into its core app, obviously all the coins that are going to be on Solana are going to be incorporated as well because Solana DEXs generally have all the Solana coins, which means increased visibility for the uh for Solana tokens. Something that like a chain like Cardano would desperately need. Charles should get to work on that, making deals with Kraken or Coinbase to integrate Cardano DEX in its into its core app. Although, that may not be successful cuz Cardano doesn't really have anyone using it right now.

[00:01:47]Uh Kraken is launching on-chain DEX trading on Thursday to give customers access to thousands of tokens across the Solana ecosystem. And this is why I want SNACK to actually like go multi-chain cuz if SNACK was on Solana, that would give Kraken users, every Kraken user, access to SNACK, which would be really good for my SNACK investment. So, by integrating DEX functionality directly into its core app, Kraken is making early-stage token markets more accessible without requiring users to leave a familiar environment or manage separate tooling, an announcement shared with The Block reads. The launch will be supported by Kraken's embedded wallet infrastructure from Privy, as well as leading Solana DEX protocols. The announcement notes, "Any DEX-based assets will appear alongside existing assets within the Kraken portfolio view and be traded via Kraken's standard buy and sell interface. Users will be able to purchase these DEX-based assets using their USD or USDC balances. So, you can actually purchase these DEX assets directly with USD balances, and that is pretty huge. Total DEX trading hit a peak in mid-25, um when the market was already coming down a bit before coming down to more historically normal volumes in recent months. The ratio between DEX and CEX spot crypto trading stands today about 13.25, down from the all-time high of 21.75. Even though it is down, there's still hundreds of billions of dollars transacting via DEXes. There's a lot of cool liquidity flowing through DEXes. And obviously, like, you know, if all the Kraken customers or Coinbase customers have access to your tokens, it's going to help a lot of small uh projects, especially meme coins. So, if you're investing in a meme coin, you want your chain to be on or be available to all these CEX users.

[00:03:30]So, Kraken is not the first centralized crypto exchange to lower the barrier to on-chain DEX trading. OKX, Bybit, Binance, for instance, have launched in-wallet DEX portals, while Coinbase last year integrated DEX trading directly into its main platform via aggregators like 0x and 1inch to access on-chain assets primarily on Base, while Solana supported support added later.

[00:03:51]So, basically, um like they're not the first ones and others have like integrated other chains. You want your chains to be integrated into these uh CEXs cuz CEXs still do carry the majority of the trading volume and they will for the foreseeable future. But, if you can actually get your uh token or coin to be available to millions of CEX users, it's got a good head start on other uh cryptos or tokens that don't have that feature. For its part, Kraken said the move reflects broader DeFi wallet strategy to build products with clean centralized interfaces in the front powered by decentralized tools in the back like its previously unveiled DeFi earn offering tapping on-chain vaults.

[00:04:33]The exchange also has also supported the development of Ethereum layer two Ink, which has been teasing a token launch.

[00:04:40]This is about access, buying, holding, and selling crypto should feel simple even when the technology behind it is powerful. Payward chief data officer and global head of consumer camel uh asset trading said, "No one should feel intimidated by bridges, gas fees, or other technical barriers to using on-chain markets." So, basically, like um this is going to be more and more standard and more chains need to get in on this game if they want their communities to be successful. So, that's the news for today. Let me know what you think. Like and subscribe. Hit that bell notifications button. Thank you and have a nice day.