QuillCheck Now Supports Solana
QuillAI Network is excited to announce that QuillCheck now supports token due diligence on Solana.
The decentralized landscape is ever-evolving, and as new opportunities arise for developers and investors, the importance of robust security across the board grows more critical. With this in mind, the QuillAI Network is excited to announce that QuillCheck now supports token due diligence on Solana.
As Solana’s ecosystem continues to grow with new memecoin, NFT, and DeFi projects launching frequently, the need for comprehensive risk analysis has become more critical than ever. With this latest integration, QuillCheck is entering a new era of expansion, now covering five major blockchains, including Ethereum, Binance Smart Chain, Polygon, Base, and Solana.
Integrating Solana
Since its inception in 2020, Solana has experienced a rapid rise, becoming a major player in web3 by facilitating high transaction speed, low costs, and an increasing number of use cases.
As more projects launch on Solana, QuillCheck aims to ensure users can evaluate risks and make informed decisions by providing detailed token analysis and security checks tailored to the unique facets of the Solana ecosystem.
By integrating Solana, QuillCheck extends its capabilities, enabling users to conduct thorough due diligence on Solana-based tokens amid trends and market shifts. Although this Solana integration supports the best features already available on QuillCheck, a few are worth mentioning in light of this expansion.
With QuillCheck, Solana users can now access:
- Liquidity Analysis: Evaluate locked, burned, and active liquidity pools to understand the stability of tokens on Solana.
- Honeypot Detection: Simulate buy and sell transactions to detect illiquid or unsellable tokens.
- Holder Distribution: Analyze token holder concentration to identify potential risks.
- Tax and Transaction Analysis: Get transparency around buy, sell, and transfer taxes to avoid hidden costs.
Why Solana, Why Now?
In web3, more users means greater security risks. Considering the meteoric rise of Solana’s liquid staking and DeFi ecosystems, paired with the increasing number of token launches throughout 2024, users need a reliable and secure way to navigate this expanding space.
Whether it’s detecting honeypots, analyzing liquidity, or assessing token holder risks, QuillCheck empowers users to evaluate SOL-based tokens confidently. This integration helps safeguard investments and ensure transparency for users operating on Solana.
The QuillAI Network is always growing to address the changing needs of those within the wider web3 community, be it memecoin creators and buyers, long and short-term investors, or speculative users.
By keeping these evolving needs in mind, QuillCheck continues to provide users with dynamic, constantly upgrading one-click solutions for advanced detection of scams and risky token behaviors, real-time data on token performance, and detailed risk assessments that provide transparency across key token metrics.
With Solana now part of QuillCheck’s multi-chain support, we’re providing users with the infrastructure to stay secure and informed, no matter where their investments take them.
Try QuillCheck on Solana today, and read more about how the QuillAI Networks AI agents are protecting the decentralized world of tomorrow here.