Basic Attention Token Up 25% Following Brave’s Solana Integration

Basic Attention Token (BAT), the cryptocurrency of privacy-centric browser Brave, has shot up more than 25% in the last 24 hours.

BAT’s 25.7% surge follows yesterday’s announcement that the Brave browser will integrate with Solana, the fourth most valuable cryptocurrency by market cap.

According to a blog post shared on Brave’s website, the integration will see Solana become the default blockchain for decentralized app (dapp) support within the browser, because of its high speeds and low costs.

“With more and more users and creators requiring tools for fast and affordable access to the decentralized Web, this integration will seamlessly pave the way for the next billion crypto users to harness applications and tokens,” said Brendan Eich, CEO and co-founder of Brave, in the release.

The integration has had a more modest impact on Solana’s price, which is up just 1.7% in the last 24 hours, though it’s also risen by 21.6% over the last week, hitting an all-time high of $260 earlier this week.

Having reached 36 million monthly active users in September, Brave has been busily adding features in recent months; in June, the browser launched Brave Search, aiming to challenge Google’s dominance of the search engine market with privacy-centric features, such as not collecting users’ IP addresses or personalizing results based on identifying information.

In October, Brave Search became the default search engine in the browser, replacing Google. The browser also introduced Brave Talk, a privacy-focused video conferencing feature, in September.

9 November 2021 10:53