Solar Network Major Update
Solar Network (@SolarNetwork) is rolling out its biggest update yet, introducing EVM compatibility to its Solar Smart Chain, a Layer 1 blockchain forked from ARK in 2021. This opens the door for Ethereum-based dApps to run seamlessly, aiming to boost developer adoption and scalability. The update also launches Solar Card with IBAN accounts and physical cards, bridging crypto with real-world payments. Tymt v2.2.2, a Web3 game launcher, will enable full game monetization using SXP, Solar’s utility token. Plus, they’re burning 5% of foundation block rewards and Solar Card fees to reduce SXP’s supply—a move that could drive value through deflationary pressure [TradingView News, 2025-05-28]. Recent NewsSolar Network has been gaining traction. In March 2025, they partnered with a European fintech to integrate Solar Card into payment systems, a step toward mainstream adoption [Solar Network Blog, 2025-03-15]. Their Q1 2025 report showed a 30% increase in active wallets, signaling growing user interest [Solar Network Report, 2025-04-10]. Future PlansLooking ahead, Solar Network aims to expand its gaming ecosystem with Tymt v3.0 by Q4 2025, adding VR support and NFT marketplaces. They’re also planning to integrate with more EVM-compatible chains to enhance cross-chain functionality [Solar Network Roadmap, 2025]. Onchain DataOnchain metrics for SXP are limited, but Etherscan shows a steady rise in SXP transactions, up 15% month-over-month as of May 2025, likely due to anticipation for this update [Etherscan, 2025-05-28]. Community SentimentX is buzzing with excitement! Users like @0JohnWick are hyped, expecting “bigger burns” and calling it “good news,” while @BezanEvren sees SXP soaring with emojis. The sentiment is overwhelmingly positive, though some are cautious about burn mechanisms’ long-term impact [X Posts, 2025-05-17]. Risk DisclaimerWhile the update looks promising, token burns can lead to short-term volatility. Always DYOR before investing.
Solar
May 30
