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Sonic, the first chain extension built on Solana, launched its Mobius mainnet today (February 27). The blockchain solution aims to extend Solana’s capabilities, enhance scalability, and provide a dedicated layer for high-volume decentralized applications (dApps). Mobius Goes Live According to a document shared with CryptoPotato, the Mobius mainnet will enable Sonic to serve as a seamless extension of Solana, allowing developers to easily migrate existing applications and benefit from the chain’s powerful features. Some of these include the use of SOL for gas fees and full interoperability with Solana’s accounts via an Interoperability API. In addition, Sonic is compatible with key ecosystem protocols like Metaplex, Pyth, and Hyperlane, offering developers a powerful set of tools. Mobius embodies the goal of creating a cohesive Solana ecosystem, aligning with the network’s evolving vision for 2025 and beyond. Leveraging the HyperGrid framework, Solana’s pioneering scaling technology, Sonic boosts customization and scalability while maintaining full compatibility with Solana’s mainnet. The launch of Mobius capitalizes on Sonic’s current momentum, including a $1 million Hackathon encouraging developers to build dApps on Sonic’s layer-2. By connecting EVM and SVM environments, the solution provides cross-chain projects with access to Solana’s liquidity and network benefits. It is worth mentioning that Sonic offers transaction fees that are 50% lower than Solana. It eliminates block space competition to ensure smoother performance for DeFi, GameFi, and social dApps. Last but not least, HyperGrid enables Ethereum Virtual Machine (EVM) developers to write applications in familiar languages, with execution and settlement occurring on Solana. ‘The Beginning of a New Era for Web3’ Speaking on the aforementioned initiative was Chris Zhu, co-founder and CEO of Sonic SVM. He claimed his entity has demonstrated “remarkable traction” during the testnet phase, with countless games and dApps deployed and over 8 million users onboarded. “The launch of Mobius Mainnet – named after the infinite continuity of the Möbius strip – marks the beginning of a new era for Web3 applications on the SVM. This milestone represents the collaborative effort of not just our team, but a cohort of partners across the Solana ecosystem – from infrastructure providers and dApp builders to the Solana Foundation and community leaders like Superteam. We’re incredibly excited to see these collective efforts come to life with Mobius, and we can’t wait to showcase the innovative projects emerging from our ecosystem,” he added. The post Sonic Introduces Its Mobius Mainnet to Serve as a Seamless Extension of Solana appeared first on CryptoPotato.

Uniswap Labs has integrated Transak’s off-ramp capabilities into the Uniswap Wallet. This integration allows users to convert their crypto assets into fiat currency directly within the app. The update enhances Uniswap Wallet’s functionality, making it a more comprehensive solution for managing digital assets, according to a release shared with crypto.news. Turn your crypto into cash with Uniswap wallet 👀 Fiat offramping is now live, making it easier than ever to move between crypto and cash No extra steps. No hassle. pic.twitter.com/mIL5ZtFLPD The integration enables cashing out via bank transfers, Visa cards, and country-specific payment methods across 169 countries. “True DeFi accessibility extends beyond just buying crypto — it includes the ability to cash out seamlessly as well,” said Transak CEO Sami Start. Uniswap first integrated Transak in July 2024 to streamline crypto purchases using Apple Pay, Google Pay, and bank cards. Transak recently secured Money Transmitter Licenses in Illinois and Missouri, expanding its U.S. presence. These licenses allow the Web3 payment provider to operate independently in both states. With the latest update, users can now both buy and sell crypto within the wallet, reinforcing Uniswap’s mission to make decentralized finance more practical and accessible worldwide. MetaMask recently expanded its fiat off-ramp support to over 10 blockchains through a partnership with Transak, allowing users to convert tokens directly into fiat on certain networks. Previously, users had to convert tokens into Ethereum ( ETH ) first, which was inefficient and costly.

- ** Ethereum 's Pectra Upgrade:** Ethereum's Pectra upgrade is live on the Holesky testnet, but faced delays. It promises wallet improvements and increased staking limits for validators. Next test on Sepolia testnet soon! - **Leadership Shift at Ethereum Foundation:** Aya Miyaguchi steps down as Executive Director, transitioning to President. Her leadership faced mixed reviews amid Ethereum's recent challenges. - ** Avalanche Visa Card:** The Avalanche Visa card is now live, allowing crypto purchases with AVAX and stablecoins. A step towards mainstream DeFi adoption! - **Crypto Security Alert:** Hackers exploit GitHub to steal Bitcoin . Stay vigilant by verifying code authenticity. 💬 Share your thoughts in the comments!