Solana (SOL) Joins Forces with Brave Browser: Price Boost Ahead?

The partnership between Brave Software and Solana aims to propel mainstream blockchain adoption.

Woman with neon chart across her face and Brave browser in the background.
  • Brave Software has partnered with blockchain platform Solana to offer users access to top Solana dApps on the browser.
  • The Brave browser is increasing in popularity in the Web 3.0 ecosystem.
  • The price of Solana (SOL) has increased since the announcement.

On February 7th, 2023, the official Brave Software Twitter account revealed a partnership with the Solana (SOL) blockchain platform.

Brave disclosed that the open-source browser will now include added support for decentralized applications (dApps) on the Solana network.

Furthermore, Brave has explained that the integration will allow Brave software users to seamlessly access top Solana dApps such as Magic Eden, Orca, Jupiter Exchange, and others to perform DeFi and NFT-related transactions on both the mobile and web versions of the browser. 

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With more than 50 million active monthly Brave users, the integration of Solana into the Brave browser could propel the Solana ecosystem as it looks to regain its losses from 2022.

Solana Flying Closer to the Sun?

Solana has a history of being a top-performing digital currency and is considered one of the most renowned Ethereum killers.

As 2023 kicked off, Solana’s early performance was reportedly fueled by the rapid embrace of its meme coin, Bonk (BONK), which tripled in value eight days after its launch but has since decreased in value. 

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After the collapse of FTX, Solana has required a unique and positive fundamental to re-energize its ecosystem and increase the buying of SOL.

The Brave browser is increasing in popularity in the Web 3.0 ecosystem, and the addition of Solana dApp support can result in the expanded reach to communities “seeking fast and friendly ways to use their crypto on the go,” according to Brendan Eich, CEO and co-founder of Brave.

At the time of writing, the price of Solana (SOL) has increased by 1.60% to $23.20 USD in the last 24 hours. A continued upward trajectory for the price of SOL would potentially represent anticipation and support from the community about the partnership.

On the Flipside

  • Criticism about Solana being too centralized may affect the viability of any of the ecosystem’s ventures and partnerships in Web 3.0 circles.
  • Despite having robust DeFi and NFT ecosystems, Solana has no known protocol upgrade scheduled in its roadmap, unlike its competitors like Cardano (ADA).

Why You Should Care

The successful integration of Solana into the Brave browser could demonstrate sustainable growth for the blockchain network. The consequent increase in convenience, privacy, and security could help propel the mainstream adoption of Web 3.0 services.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Monique Brelage

Monique Brelage is a South African cryptocurrency news reporter at DailyCoin focused on the Cardano (ADA) and Solana (SOL) ecosystems. She aims to convert complex topics into digestible and engaging news pieces for readers of all knowledge levels.   Before her journey with DailyCoin, Monique has immersed herself in the realm of NFTs and Web 3.0 since 2019. Her experience in multiple industries enables her to conduct critical analyses and convert it into her writing. She acknowledges the profound impact decentralization, Web 3.0 technology, and everything beyond will have on the future.   Monique completed a Bachelor of Communication from NWU in 2020. Her background in media studies, creative writing, and philosophy helped shape her method of news curation, thereby ensuring a broader perspective to help readers remain critical of what they see. Monique's articulation, writing quality, and work ethic are professional qualities she takes pride in.   Monique lives on a farm in South Africa with her partner and cat. She works on her NFT and tattoo art in her free time, and enjoys the natural world around her. She likes reading material that broadens her perspective, indie music, and video games to blow off some steam.