Solana Arrives on THORSwap: A New Frontier for Cross-Chain DeFi ☀️

Swap Native $SOL with Bitcoin, Ethereum, Arbitrum and Polkadot in a single non-custodial transaction. No wrapping, just seamless DeFi.

4 min readSep 28, 2024

GM! The wait is finally over — we are thrilled to announce that Solana is now supported on THORSwap, powered by SwapKit via Chainflip, bringing seamless cross-chain swaps to one of the fastest and most efficient Layer 1 blockchains. Experience it today on thorswap.finance.

With this integration, Solana users can now access native swaps across a wide array of assets, including Native Bitcoin, greatly expanding DeFi opportunities across new ecosystems in a permissionless manner.

Assets currently supported include Native $SOL as well as $USDC (SPL).

This integration was made possible thanks to SwapKit, the suite of API+SDK tools powering all THORSwap functionality. Learn more at SwapKit.dev.

What is Solana?

Solana is a high-performance blockchain designed to support decentralized applications (dApps) and crypto-assets at scale. Known for its incredible speed and low transaction costs, Solana has emerged as one of the fastest Layer 1 blockchains, capable of handling thousands of transactions per second (TPS) while maintaining low fees. Solana’s unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms enables it to achieve high throughput while maintaining decentralization and security.

Solana has quickly become a favorite for DeFi, NFTs, and other innovative dApps due to its scalability and efficient infrastructure. With the integration of Solana into THORSwap via Chainflip, users can now seamlessly access and trade across this thriving ecosystem, further expanding their cross-chain opportunities.

Getting Started

Wallet support

Outside of connecting your Solana Wallet via Keystore file, we’re pleased to also announce the addition of the popular Phantom Wallet — currently supporting Ethereum and Solana wallet connection, with Bitcoin to come.

Other wallet interfaces for Solana (including hardware wallet support) are currently in development.

How to Swap Solana ($SOL) on THORSwap

1. Connect Your Wallet: Ensure you have your Solana wallet connected to THORSwap. For other chains see our general overview video guide.

THORSwap supports multiple wallet connections at once, this means you can use Phantom for Solana and Ledger for Bitcoin 👌

2. Select Your Assets: Choose Solana ($SOL) or any supported asset from other networks to initiate your swap.

3. Execute the Swap: Check the swap rate and fees. Then click “Swap” to confirm! (or choose to boost if swapping to Bitcoin)

Powered by Chainflip x SwapKit

This integration is made possible through Chainflip, a decentralized cross-chain liquidity protocol. Through Chainflip’s advanced cross-chain infrastructure, THORSwap ensures that users benefit from minimal slippage and tight spreads, making trading more efficient and cost-effective.

Read our Chainflip article to learn more.

Central to this integration is SwapKit, a comprehensive toolkit that powers the entire THORSwap techstack. SwapKit SDK ensures that the integration with Solana via Chainflip is not only seamless but also robust, providing a reliable infrastructure for cross-chain transactions. This means users can enjoy a frictionless trading experience on THORSwap, whilst other projects can also easily integrate via SwapKit SDK. With SwapKit, any single-chain dApp can be converted into a multi-chain dApp with just under 100 lines of code.

Visit SwapKit.dev to learn more.

The Bright Future Ahead

We couldn’t be more excited to welcome the arrival of Solana, a much anticipated integration on THORSwap. With Solana’s efficient and scalable blockchain now connected via seamless native swaps, users have more options and flexibility to access one of the most exciting ecosystems in Web3.

We invite Solana users to explore this new integration and take full advantage of the seamless cross-chain swaps now available on THORSwap.

Whether you’re moving between Solana and other top-tier blockchains or simply exploring cross-chain opportunities, this integration ensures a smooth trading experience without relying on centralized exchanges or wrapping assets.

Let’s keep pushing the boundaries of decentralized finance. Stay tuned for more exciting updates! 💪

About THORSwap

THORSwap is the leading multi-chain decentralized exchange (DEX) aggregator powered by SwapKit. Perform cross-chain swaps in a permissionless, trustless, and non-custodial manner.