On September 22, Solana ecosystem multi-signature protocol Squads recently announced that it has officially started developing Squads Protocol v5, the next generation version of SVM smart accounts, which aims 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.
Earlier in June this year, Squads Labs, the developer of the Solana ecosystem multi-signature protocol Squads, announced the completion of a US$10 million Series A financing round, led by Electric Capital and participated by Coinbase Ventures and others.
