BAT Prices Skyrocket Immediately After Brave Browser Integrated With Solana Blockchain

Causes of rising BAT prices (Cruptotendencia)

JAKARTA – The Brave browser is rumored to be integrated with the Solana blockchain (SOL) in the near future. Brave is known as a browser that often rewards users with Basic Attention Token (BAT) cryptocurrencies.

The integration of Brave into Solana was announced at the Breakpoint Solana conference in Lisbon, Portugal. Brave and Solana Labs officials have issued an official statement regarding the plan.

In addition, the Brave browser will also be able to display Solana's decentralized applications (DApps). At the same time Solana will promote the adoption of Brave token, namely BAT, to users in its decentralized application.

“We've partnered with @solana to integrate it into the browser and make it the default for DApp support. We will soon be bringing the best-in-class wallet feature for the Solana blockchain to our desktop & mobile browsers," Brave wrote on Twitter on November 8.

“With more users and creators needing tools for fast and affordable access to the decentralized Web, this integration will pave the way for the next billions of crypto users to seamlessly leverage apps and tokens,” said Brave CEO Brendan Eich.

According to Solana Labs CEO, Anatoly Yakovenko the mobile web will direct users to Web3. Brave's integration with the Solana blockchain is considered to be the key to delivering the best web experience in DApps.

“Deep integration with browsers is key to helping DApps build the best web experiences. Brave's announcement of Solana wallet support across all their browser versions is an important step towards bringing the next billion users to Solana," said Yakovenko.

Launching Cointelegraph, Brave is a privacy browser that allows users to block cross-site ads, trackers and cookies. The browser also features a built-in digital wallet, similar to MetaMask which allows users to store their crypto and interact with dApps. In addition, users can receive BAT and tip their favorite content creators on a number of platforms. Brave Browser has 42 million monthly active users and 1.3 million content creators.

Solana is a blockchain designed to support dApps and the decentralized finance protocol, or DeFi. This network is known for its speed and lower transaction fees. Notable entities using its blockchain include cryptocurrency exchange FTX, music streaming platform Audius, USD Coin (USDC), NFT hosting platform Metaplex, and high-frequency trading company Alameda.

Crypto SOL recently surpassed Cardano and Tether to become the fourth largest cryptocurrency in the world by market cap. Brave and Solana collaboration is an interesting combination in the development of DApps and Web3 in the future.