Coinbase Adds Support for On-Chain Solana Transactions

Coinbase is allowing customers to send and receive cryptocurrency on multiple networks, starting with Polygon and Solana, the exchange said in a blog post on Thursday.Coinbase says the integration will make it fast and simple for customers to convert fiat to crypto and fund their Polygon and Solana wallets.The cost of using Ethereum is driving users towards cheaper overlay systems or alternative networks. (It can cost over $10 in “gas,” or transaction, fees to send small amounts of crypto from the Coinbase exchange to a self-custodial wallet, Coinbase pointed out, and it can cost over $100 in gas to lend out larger amounts of crypto on protocols like Aave.)

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