Brave (BAT) to integrate Solana (SOL) blockchain into its browser

Brave and Solana, hand in hand

At the Solana Breakpoint 2021 event in Portugal, Brave (BAT) and Solana Labs announced a joint integration that will enable the browser to support Solana (SOL) wallets and its applications (dApps). The integration will take place in the first half of 2022.

Thus, more than 42 million Brave users will soon be able to access dApps running on Solana. So the deal could prove to be very beneficial for the network’s business. Until now, Brave has only supported the Ethereum blockchain (ETH).

Brendan Eich, CEO and co-founder of Brave, had the following to say about the development:

“As more and more users and creators need tools that enable fast and affordable access to the decentralized web, this integration will pave the way for broader adoption.”

Today, Brave is reportedly currently the third most downloaded web browser, after Opera and Google’s Chrome.

According to the official announcement, the browser is turning to Solana because of the network’s speed and low transaction fees. In fact, a single transaction on Solana costs only 0.000005 SOL, or about $0.001, according to Solana Beach data.

These low fees could make interacting with cryptocurrencies much more attractive, especially for the “next billion cryptocurrency users” predicted by Brendan Eich.

Currently, Phantom is Solana’s primary wallet. In other words, Phantom is therefore to Solana what MetaMask is to Ethereum: a wallet that users can use to store, send, receive cryptocurrencies.

Phantom is said to already have one million active users. While these numbers are lower than MetaMask’s, Phantom’s current success is remarkable considering that the wallet has been up and running for less than a year. Moreover, this number could increase rapidly after the integration within the Brave browser

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To go further: Solana (SOL), an atypical blockchain with great ambitions

About the author: Florent David

Brave (BAT) to integrate Solana (SOL) blockchain into its browser

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Engaged in the crypto ecosystem since 2017. I am particularly interested in decentralized finances (DeFi), Ethereum 2.0 and non-fungible tokens (NFTs).
All articles by Florent David.