Over the weekend my phone blew up with notifications/alerts that Brave's Basic Attention Token or BAT was soaring! Since I do not have a ton of it I did not pay much attention to it. The amount I had also was sitting in my Gemini Wallet and was earning 3.49% APY, leading me to care even less about a price swing both good and bad. Since work has had some slow parts this week I decided to look into what caused this surge and if it was a sign of things to come.
I have been a long-time Brave Bowser user and have earned BAT since back when it was less than $0.20 a piece. Needless to say that the growth has been great to see even if it had for a while stalled out in the $0.70 to $0.80 cent range. Really though it has been stuck around there and this has led some people to declare it dead. I believe this couldn't be further from the case as they have been expanding the suite of tools that they offer! Not only are they a more secure Web 3.0 friendly browser but they have rolled out a privacy-focused new stream, a privacy-based search engine, and now a private and secure communication tool called Brave Talk.
This is all while they continue to grow in monthly active daily users and continue to attract a much larger variety of advertisers. This last part is key in being able to maintain their stability moving forward. However, the price surge at one point was over 50% up after stalling and looking into it I was amazed at what I learned.
Brave and Solana announced a partnership that is huge for Brave! Together the co-CEO of Brave and the CEO and founder of Solana Labs discussed how they will bring Solana's wallet features to BOTH the Brave Desktop version and the Mobile Version! More importantly, is that Brave will provide default Solana ecosystem support to its users! With over 42 million monthly active users that is an impressive number, to say the least!
The integration will include Solana's DEX agitator, NFT support, sending SPL tokens, and creating accounts for the blockchain! What was really cool to learn was to hear about how this was driven by the demand by both sides and how the companies came together to make it happen. Now Brave will continue to support Ethereum integration and will work to incorporate other blockchains but it seems that the Brave Team might be looking at moving Brave towards a much more Solana-based system than an Ethereum based which I feel might be in part due to the killer Ethereum gas fees.
Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it!
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