Opera, a popular pro-cryptocurrency web browser, has disclosed that its built-in wallet would include support for Solana ($SOL) early next year, potentially putting it ahead of its rival Brave in supporting the young ecosystem.
Opera to allow Solana-based decentralized apps
Opera has said that it would be the “first browser” to allow Solana-based decentralized apps, according to CoinDesk. Users may now utilize Phantom’s closed-source browser plugin to access these decentralized apps.
According to Opera’s business blog, its ecosystem, which includes a variety of browsers and news-focused apps, has over 380 million monthly active users. Opera’s built-in cryptocurrency wallet currently supports the TRON and Ethereum ecosystems.
In various countries, the publicly listed Norwegian business has incorporated “30-second” cryptocurrency wallet top-ups, and it plans to collaborate with Solana Labs on integrating the Solana network into its wallet.
Opera Partner’s With Solana
The announcement comes as Solana’s decentralized finance (DeFi) ecosystem continues to expand, and Ethereum transaction costs have reached a new all-time high. As per the monthly Asset Report from CryptoCompare, decentralized financial activity on the Solana blockchain grew last month, although slower than in October.
IT increased 15.8 percent to $14.4 billion in October, compared to 35 percent in October and 177 percent in September. The report details that fees spent on the Ethereum network kept rising and reached another all-time monthly high of $1.82 billion during November. This figure represents a 34.6% growth from October.
According to statistics from Staking Rewards, over 77 percent of Solana’s $SOL tokens are staked on the cryptocurrency’s network and earning its holders yield, so much so that staked value on the web has topped $84 billion.
Staking on-chain is achievable with cryptocurrencies that use a Proof-of-Stake (PoS) consensus method, according to CryptoCompare. PoS networks are frequently more energy-efficient than PoW networks while maintaining some decentralization.
Solana is a high-performance blockchain that employs a delegated Proof-of-Stake (dPoS) consensus method and was established by former Qualcomm, Intel, and Dropbox employees. The network uses a unique form of ordering transactions to significantly improve its speed and throughput.
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