beincrypto.com
Brave Software has announced Solana DApp support in a new partnership, boosting its price in the last 24 hours.
In an official Twitter release, Brave will enable the wallet to store, send, and purchase Solana support tokens.
Crypto Gets a Push on Brave
Amelia Daly, Head of Partnerships at Solana Foundation, said, “User experience can be very fragmented in crypto. The Brave DApp integration is important because it allows for seamless browser-based connections to your favorite Solana programs, and it is optimized for mobile. “
Brendan Eich, CEO and co-founder of Brave, said: “Brave is increasingly the browser of choice for the Web3 world, and with the addition of Solana DApp support on mobile, we’re expanding that reach to another key group that is seeking fast and friendly ways to use their crypto on the go,”
Solana Whales Have Been Busy
In the background of the new Brave-SOL integration, millions have been on the move by Solana whales. Whale Alerts have recorded significant Solana transfers worth 7,981,517 SOL, around $184,488,088 across wallets.
At the time of writing, Solana (SOL) is trading on CoinGecko for $23.65. SOL saw a 1.5% price increase during the previous 24 hours. However, it has lost equal value from its pricing over the past week. With 370 million SOL in circulation, Solana has a market cap of $8.83 billion.
On Nov. 6, 2021, SOL touched a record price of $259 and is currently 90.9% down that peak range. That said, SOL is in the 12th position in the crypto-verse. After losing significant value to network blackouts, the network has recovered this year. Apart from the repeated outages, the repercussions of the FTX crash had hit SOL and the larger market.
However, founders Anatoly Yakovenko and Raj Gokal recently claimed that despite the erratic state of the crypto industry, a bright future is evident for the network.
According to DefiLlama, SOL has 92 protocols and a Total Value Locked (TVL) of $262.74 million. It is the 12th largest defi chain on the platform.