Solana’s price witnessed a spike as the layer 1 blockchain forged a new alliance with the open-source web browser Brave.
Announcing the same, Brave software revealed that it has incorporated Solana dApp support into its browser to allow users to connect to top Solana applications like Magic Eden, Orca, Jupiter Exchange, and others for DeFi and NFT-related transactions.
SOL’s value increased by more than 6% in less than 24 hours as a result of the development. The 11th-ranked cryptocurrency, which was trading at $23.7 at the time this article was written, appeared to be beginning a new price rebound.
Solana’s ties with the privacy-focused browser, go back to late 2021 when the duo announced a joint collaboration to enhance wallet features across all versions of the browser for a better user experience.
The integration aimed to add support to Brave’s then 42 million active users and 1.3 million creators, making it the default browser to the layer 1 blockchain for all cross-chain activities and decentralized applications [DApps] support.
That said, the most recent integration was made possible on both the browser’s mobile and online versions. Users can earn small rewards in the form of a Basic Attention Token [BAT], and in its “all-encompassing and flexible” platform.
Most significantly, given it reaches the browser’s approximately 62 million active users worldwide, the relationship is considered a glimmer of hope for the once-hyped Ethereum killers.
Solana Looks To Regain Its Losses
Additionally, this occurs as the L-1 scaling platform has a strong start to 2023 after spending most of 2022 in decline as a result of the crypto winter. Additionally, SOL’s exposure to FTX contributed to its stock falling sharply in the wake of the FTX scandal in November 2022.
SOL, which is making its way back to the top, has benefited from the recovery in the cryptocurrency market as well. Despite being below its all-time high [ATH] value, it has improved in 2023.
A number of cutting-edge projects that Solana has started have piqued the curiosity of the cryptocurrency community.
For instance, the Solana Mobile stack and Saga phones will be unveiled, SolanaMobile said on Twitter. The goal of this mobile gadget is to give people quick access to the blockchain. They promised their customers that it would be available in early 2023.