Solana (SOL) hits crazy high level $67 as of this moment, https://coinmarketcap.com/currencies/solana/. I tested its so-called wormhole cross-network capabilities it claimed. None of the token swapping capabilities works with Solana’s native wallet (Sollet), https://chrome.google.com/webstore/search/sollet.
The wallet stupidly cannot accept any other form of crypto but SOL. In order to do the swapping, it has to connect to some other exchange like Radium, https://raydium.io/swap/. Solana wallet can send other crypto, such as USDT, USD, BNB to other wallet after it uses Raydium to swap, but it stupidly cannot accept any different form of crypto but SOL. Another stupid shortcoming is that it cannot even swap its own supporting/backing token TULIP in its own wallet. It still needs Raydium to do it. Ray would take SOL, then swap to USDC, then USDC to TULIP.
Positives:
- Once you have TULIP and RAY, you can do cool farming to multiple your tokens 200%+.
- Any transaction or activities to do on Sollet wallet or paying fees with SOL is really cheap and useful!
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