In a move that will integrate high-performance blockchain wallets and privacy-focused browsers, smart contract platform Solana (SOL) announced a business partnership with Brave browser.
Brave says in a press release that Solana will get access to over 40 million users on the browser, as well as over one million creators.
“Brave will integrate the Solana blockchain into the Brave browser, providing default Solana ecosystem support to Brave’s 42 million monthly active users and 1.3 million verified Creators.”
According to the privacy-focused browser, Solana’s native and cross-chain decentralized applications (DApps) will soon be the default on Brave.
Brave also says the partnership is driven by “user and developer demand,” cost-considerations and the need to increase the adoption of decentralized finance (DeFi) and decentralized networks.
“The Solana blockchain enables faster low-fee transactions which 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.”
Despite noting the high Ethereum (ETH) transaction fees, Brave will continue to support the second-largest blockchain by market cap.
“Brave continues to support Ethereum and intends to integrate support for additional blockchains within the Brave browser over time, and believes a blockchain-agnostic multi-chain wallet will be a key driver in mainstream crypto and DeFi adoption.”
Brave says the high-performance blockchain will “encourage developers” to promote the use of Brave’s native token, Basic Attention Token (BAT), on Solana-based DApps.
BAT is trading at $1.33 at time of writing after appreciating by 34% over the last 24 hours.
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