Energy company Powerledger enters the Solana ecosystem

2024-09-21 16:01:21

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ChainCatcher news, Australian energy technology company Powerledger has announced its entry into the Solana ecosystem, claiming that it shares common values with the blockchain network as interest in regenerative finance (ReFi) grows. This integration aims to enhance the "narrative of clean energy and sustainability within the blockchain space."

Powerledger will integrate its products with the Solana mainnet and cease operations of its own Solana Virtual Machine (SVM) blockchain. Powerledger stated, "At the core of Powerledger and Solana is a shared vision of innovation, sustainability, and transparency—values that are becoming increasingly important as the world shifts towards ReFi (regenerative finance) and sustainability."

ReFi aims to create an economic system that goes beyond generating financial returns, focusing on restoring and enhancing social, environmental, and economic well-being. According to CoinGecko, as of the publication of this article, the total market cap of ReFi is $110.57 million.

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