Opera, a popular pro-cryptocurrency web browser, has disclosed that its built-in wallet would add support for Solana ($SOL) early next year, potentially putting it ahead of its competitor Brave in supporting the young ecosystem.
Opera has said that it will be the “first browser” to support Solana-based decentralized applications, according to CoinDesk. Users can currently use the closed-source browser plugin Phantom to access these decentralized applications.
According to Opera’s business blog, its ecosystem, which includes a number of browsers and news-focused apps, has over 380 million monthly active users. The TRON and Ethereum ecosystems are currently supported by Opera’s built-in cryptocurrency wallet.
The publicly traded Norwegian company has incorporated “30-second” cryptocurrency wallet top-ups in various countries, and it plans to collaborate with Solana Labs on integrating the Solana network into its wallet.
The announcement comes as Solana’s decentralized finance (DeFi) ecosystem continues to expand, and Ethereum transaction fees have reached a new all-time high.
Decentralized finance (DeFi) activity on the Solana blockchain continued to rise last month, but at a slower pace when compared to October according to CryptoCompare’s monthly Asset Report.
The turnover climbed by 15.8 percent to $14.4 billion in October, compared to 35 percent in October and 177 percent in September.
The native token of Solana, SOL, showed no reaction to the news. At the time of writing, the digital asset is valued at $169.21, which is over 35% lower than its all-time high.
To increase performance and scalability, Solana use a combination of proof-of-stake (PoS) and proof-of-history (PoH) consensus mechanisms. As a result, the network claims to be capable of processing 50,000 transactions per second (TPS), boasting to be the world’s fastest blockchain.