In a significant development for the blockchain industry, Solana, a leading smart contract platform, has announced two major integrations with tech giants Google Cloud and Amazon Web Services (AWS).
Google Cloud has integrated Solana into its BigQuery data analytics service. This integration aims to provide advanced blockchain analytics and a deeper understanding of on-chain activities within the Solana ecosystem.
Solana’s Latest Integration Enhances its Services
The integration will enable a broad spectrum of users, including developers, enterprises, and individual users, to query Solana data for intricate questions related to transactions, NFT minting, wallet activities, and more.
Simultaneously, Solana nodes are now available on the AWS Blockchain Node Runners repository. This development is expected to ease the workload for enterprises seeking to build Web 3.0 applications by lowering entry-level requirements. The integration with AWS is anticipated to significantly lower the cost of building web3 platforms.
These developments come as Solana continues to outperform the wider cryptocurrency market. The price of Solana (SOL) has risen over 260% year-to-date, significantly outperforming other major cryptocurrencies as investors continue to pour funds into the cryptocurrency. According to market data, Solana-based investment products saw their assets under management rise by 74.1% in October to $140 million.
These integrations mark a significant step forward for Solana and the broader blockchain technology landscape. They are expected to drive greater adoption of Web 3.0 technologies, especially among traditional Web 2.0 companies and finance firms.
The integration of comprehensive datasets into Google BigQuery and the availability of Solana nodes on AWS could help these companies better understand the capabilities of blockchain and cryptocurrencies.
According to CoinMarketCap, the price of Solana has increased by 7.27% in the last 24 hours, reaching $39.28 as of November 1st, 2023. Solana has a market capitalization of $16.39 billion and a 24-hour trading volume of $1.64 billion. Solana ranks at #7 among all cryptocurrencies by market cap.
