According to BlockBeats, on September 22, Solana's multi-signature protocol Squads announced the launch of Squads Protocol v5 development, aiming to accelerate the adoption of smart accounts and account abstraction on Solana and SVM. Squads v5 will provide developers with tools to build wallets, DeFi applications, and payment solutions to improve user experience and security.

In 2025, Solana runtime feature activation will increase CPI limits, and smart accounts will become the focus of the chain. Squads' move will help developers better cope with this change and promote the development of the ecosystem.

In June this year, Squads Labs completed a $10 million Series A financing round, led by Electric Capital and participated by Coinbase Ventures and others.