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Reading: Why Did This Move Come When Solana Was Falling? Is There a Bigger Plan Behind It?
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EdaFace Newsfeed > Latest News > Altcoin News > Why Did This Move Come When Solana Was Falling? Is There a Bigger Plan Behind It?
Altcoin News

Why Did This Move Come When Solana Was Falling? Is There a Bigger Plan Behind It?

vitalclick
Last updated: December 5, 2025 8:11 am
3 hours ago
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Contents
Chainlink Supported Bridge Connected to MainnetMemecoins, User Activity and Other Developments

Coinbase’s Ethereum with Solana $2,804.64 based layer-2 network Base, Chainlink $12.11It was officially connected for the first time using ‘s Cross-Chain Interoperability Protocol (CCIP) technology. This move aims to increase liquidity between the two major blockchains and enable users to transfer assets much more smoothly. In the statement made by Base, it was stated that the bridge has been activated on the mainnet and developers can start integrations. Applications such as Zora, Aerodrome, Virtuals, Flaunch and Relay have already started to open the bridge to their users.

Chainlink Supported Bridge Connected to Mainnet

Thanks to this integration, users will now be able to buy and sell Solana and Solana-based assets on Base. At the same time, Base developers will be able to add SPL tokens natively to their applications. According to DefiLlama data, Solana is the second largest blockchain with $9 billion in locked assets, while Base ranks sixth with $4.5 billion. The fact that both networks offer low transaction fees and high speed indicates that the liquidity flow will accelerate further.

This technical development is seen as a critical milestone in bringing together EVM-compatible chains and Solana’s non-EVM architecture. Base’s strategy to become a multi-chain hub rather than competing only within the EVM ecosystem aligns with users’ demand to access different networks with a single wallet.



Memecoins, User Activity and Other Developments

Both Base and Solana have recently come to the fore, especially in transactions requiring memecoin minting and fast transactions. However, Solana’s number of active addresses has been on a downward trend for a year. The network, which had over 6 million active addresses in November 2024, has decreased to 2.4 million today. In Base, although there is a decline in active addresses, there is a remarkable increase in the number of transactions; A record was broken with 407 million monthly transactions in November.

While this bridge move is on the agenda, another important development is taking place in the Solana ecosystem: Solana Mobile is preparing to launch its own native token in January. The expansion of the mobile initiative is considered part of Solana’s plans to re-strengthen its user base. During the same period, it seems that transaction volume started to recover on Solana’s NFT side; many collections regained momentum with the influx of new users.

When it came to market pricing, the news was not met with an increase as expected. SOL price fell below $140, declining 3% on the day. SOL is down over 50% since its ATH of $293 in January 2025. Chainlink’s token LINK also fell 3% to $14.30. Despite the launch of the first spot LINK ETF in the US, the overall poor performance of the altcoin market continues to put pressure on Chainlink.

Disclaimer: The information contained in this content is not investment advice. Please note that cryptocurrencies involve high volatility and therefore risk. It is recommended that you make your investment decisions based on your own research and risk assessments. You can review our Trust Center page for detailed information.

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