According to official news, Solana ecosystem multi-signature protocol Squads recently announced the official start of development of Squads Protocol v5, the next generation version of SVM smart accounts, designed to accelerate the adoption of smart accounts and account abstraction on Solana and SVM.

In 2025, Solana runtime feature activation will increase CPI limits, making Smart Accounts a key focus on the Solana chain. To prepare for this shift, Squads is designing Squads v5 to enable developers to build wallets, DeFi applications, and payment solutions with seamless onboarding, strong security, and an intuitive user experience.

Squads v5 will introduce several groundbreaking features that will give users granular control over their Smart Accounts:

-Hooks；

-Synchronous transaction execution;

- New permissions and key layer adaptive time locks;

-Performance and memory improvements.

Squads Protocol v5 will be formally validated and will be launched on the Solana mainnet later this year.

Earlier in June, Squads Labs, the developer of Solana's multi-signature protocol Squads, announced the completion of a $10 million Series A financing round led by Electric Capital, with participation from Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital, Helius co-founder and CEO, and Odyssey Ventures founder Mert Mumtaz. #BNB