Solana Set To Potentially Onboard 42 Million Users By Becoming Brave’s Default Blockchain
By Brenda Ngari – November 8, 2021
Privacy-centric web browser Brave will soon integrate Solana dApps, according to a recent announcement. This will allow the browser’s users to open up to Solana’s ecosystem of decentralized finance (DeFi) products.
Brave Browser Announces Strategic Integration With Solana To Make It The Default For DApp Support
Brave browser today revealed an integration with Solana, the blockchain underpinning the fourth-largest cryptocurrency by market cap. As part of the partnership, Solana will become Brave’s default blockchain in the first half of 2022. This means Solana’s wallet features will be introduced to Brave’s desktop and mobile browsers.
Solana will also implement Brave’s privacy-by-design Themis protocol, which is deemed an important milestone in the BAT 2.0 roadmap. Moreover, the blockchain’s developers will be encouraged to promote Basic Attention Token (BAT) on Solana-based dApps.
Brave browser chose Solana on account of the network’s fast speeds and low fees, the blog post said. Compared to other smart contract-enabled blockchains like Ethereum, Solana processes transactions for as little as $0.001-$0.002. The low transaction costs could possibly offer fast and affordable access to the decentralized Web and boost crypto mainstream adoption.
“With more and more users and creators requiring tools for fast and affordable access to the decentralized Web, this integration will seamlessly pave the way for the next billion crypto users to harness applications and tokens,” Brendan Eich, CEO, and co-founder of Brave opined.
Until today, Brave has only provided support for Ethereum and Binance Smart Chain wallets and DEX aggregators. The crypto-powered web browser will now add support for Solana wallets. The deal will benefit the Solana ecosystem greatly, given Brave currently logs 42 million active users per month and 1.3 million verified creators. Once the integration is complete, millions of Brave users will be able to interact with an array of Solana dApps.
Meanwhile, the token at the center of the Brave browser, Basic Attention Token, has surged on the back of the announcement. BAT has gained roughly 17.30% over the last 24 hours.
Solana (SOL), on the other hand, is down 1.47% on the day — a slight pullback after an impressive run to a record high on Sunday. As of press time, the self-proclaimed Ethereum Killer is changing hands at $244.76.
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Article reposted on Markethive by Jeffrey Sloe
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