Popular privacy-focused internet browser Brave has partnered with Solana Labs to offer support for its decentralized applications (DApps). The partnership aims to natively integrate Solana into Brave by July of 2022.
Brave, which currently has over 42 million active users, only offered support for Ethereum and Binance Smart Chain (BSC) decentralized exchange (DEX) aggregators and wallets. In an announcement, Brave says the Solana network offers benefits such as faster transaction speed and cheaper fees which, in their words, “help in the adoption of DeFi and Web3.”
“High transaction fees seen on Ethereum (due to increased interest in crypto and DeFi) have held some users back from transacting. Solana is the fastest blockchain in the world and provides the opportunity to scale blockchain transactions for as little as $0.001 – $0.002 USD per transaction, providing significant cost savings for users.”
The integration will enable Solana’s DEX aggregator swaps, non-fungible token (NFT) support, the sending of SPL tokens, and creating accounts.
Brendan Eich, CEO and co-founder of Brave, said that more and more users and creators require tools for fast and affordable access to the decentralized Web, adding that the Solana integration aims to pave the way for “the next billion crypto users to harness applications and tokens.”
Brave was released in 2019 and from the beginning catered to crypto and privacy enthusiasts. It allows users to earn Brave’s Basic Attention Token (BAT) for viewing ads. In late 2020, Apple created new iOS guidelines that prevented its users from earning BAT, but users on other operating systems can still do so.
According to the announcement, Solana will “encourage developers to promote BAT on DApps built on Solana and on the Solana network in general.” Solana will also enable the implementation of the Themis protocol developed by Brave on the Solana Network, a key milestone in the BAT 2.0 Roadmap.
BAT, which is the 88th largest crypto by market cap, jumped immediately after the news and has since recorded a 28% gain on it, currently changing hands at $1.27. Solana is currently trading at $245, cooling off after seeing 55% returns over the last 30 days.
