According to CoinGecko, ReFi has a market capitalization of $110.57 million.
A spokesperson for the company said the integration aims to strengthen clean energy and sustainability in the #blockchain space.
He also said it is an important step in aligning financial innovation with planetary well-being.
In the meantime, Powerledger co-founder John Burich said the company's expansion into the #Solana network "not only reinforces the clean energy narrative in the blockchain space, but also underscores the fact that sustainability is a common goal for all ecosystems and that cryptocurrencies can be a good vehicle for achieving it.
reinforcing that they can be a force for good, he told Cointelegraph.
Powerledger will integrate its product with Solana's core network and stop using its own Solana Virtual Machine (SVM) blockchain.
Having worked with the SVM blockchain for more than 12 months, Powerledger said it has "gained valuable experience in making the best use of SVM technology. This next step in our expansion into the Solana mine is an important milestone in creating an open, shared platform.
The Powerledger #token (POWR) will remain an ERC-20 token and will also be available as a proprietary token in the Solana ecosystem; according to CoinMarketCap, #POWR was trading at $0.22 at the time of publication and is up 16.75% since September 14.
Powerledger's blockchain-based energy solutions include peer-to-peer energy trading, virtual power plants, carbon trading and renewable energy certificates (RECs).
This comes after it was announced on September 13 that Worldcoin will launch seamless World ID integration for the Solana blockchain using the new Wormhole Foundation cross-chain protocol.
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