Brave, the privacy crypto browser, on Monday announced its integration with Solana, the network that claims to be solving Ethereum’s dilemma — speed and high transaction fees.
Brave, according to its blog post, is turning to Solana due to the crypto network’s high speeds and low costs. Unlike Ethereum, simple transactions on Solana cost as little as 0.000005 SOL, or $0.001, per data from Solana Beach.
Commenting on the development, Brendan Eich, the CEO of Brave, said, “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.”
Solana may also gain from this move as Brave has an active monthly user base of 42 million. The integration is expected to be complete in the first half of 2022 and then millions of Brave users will be exposed to a variety of new Solana decentralized applications.
“Deep integration with browsers is key to helping dApps build the best web experiences. Brave’s announcement of Solana wallet support across all versions of their browsers is an important step to onboard the next billion users to Solana,” said Anatoly Yakovenko, CEO of Solana Labs, in a press release.
According to App Figures, Brave is currently the third-most downloaded internet browser, after Opera and Google’s Chrome. Brave is built using the same free and open-source codebase as Chrome.
According to CoinGecko, the announcement has been particularly bullish for Brave’s Ethereum-based token, the Basic Attention Token (BAT). At the moment, BAT is up more than 19% on the day, according to CoinGecko.
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