BABYDOGE EXPANDS TO SOLANA: DETAILS
- @babydoge officially expanded to the Solana blockchain. This development comes after a proposal to launch on Solana passed with 100% community approval vote, last June.
What’s New?
- BabyDoge now has a live bridge website, allowing transfers between Ethereum (ETH), BNB Chain, and Solana.
- A small 1% fee will be applied to every bridge transaction. A portion of this fee will be used to burn BabyDoge tokens, adding a deflationary element to the token’s supply.
Why Solana?
- According to the BabyDoge team, Solana processes over 65,000 transactions per second (TPS), substantially faster than most blockchains. This ensures that BabyDoge users can enjoy quick, seamless transactions, even during high-demand periods.
- Per reports, Solana’s low transaction fees (as low as $0.00025) make it more cost-effective than Ethereum, especially for meme coins like BabyDoge, which often see high transaction volumes.
- Solana has rapidly become one of the most popular blockchain ecosystems, boasting over 1 million active users and $9.116 billion in TVL (Total Value Locked).
Images: BabyDoge and Solana X account