The Opera web browser’s latest partnership could onboard millions to Polygon DeFi. Covered: Polygon Opera Integration What This Means For Polygon RECOMMENDED: POLYGON EIP-1559: MAJOR UPGRADE BRINGING TOKEN BURNING TO MATIC Polygon Opera Integration Today, Opera Browser, one of the crypto community’s most beloved browsers, announced a huge partnership with the Ethereum layer-2 (L2) scaling […] The post Polygon Integrating With Opera Browser To Accelerate Web3 Adoption appeared first on CryptosRus.

Polygon Integrating With Opera Browser To Accelerate Web3 Adoption

The Opera web browser’s latest partnership could onboard millions to Polygon DeFi.

Covered:

  • Polygon Opera Integration
  • What This Means For Polygon

RECOMMENDED: POLYGON EIP-1559: MAJOR UPGRADE BRINGING TOKEN BURNING TO MATIC

Polygon Opera Integration

Today, Opera Browser, one of the crypto community’s most beloved browsers, announced a huge partnership with the Ethereum layer-2 (L2) scaling solution Polygon (MATIC).

Opera will integrate the Polygon blockchain on Android in Q1 of 2022. The integration will enable Opera’s users in-browser access to a selection of over 3,000 decentralized applications (dApps) on the Polygon network, including bluechip dApps like Sushiswap, Curve, Aave, Balancer, Kyber, as well as blockchain games and NFT platforms such as Decentraland, Opensea, Sandbox, Somnium Space, and more.

Opera was the first web browser to introduce a built-in crypto wallet and Web3 support back in 2018. It launched in April of 1995, making Opera one of the oldest standing web browsers to date. According to web traffic analysis from StatCounter, it’s currently sitting among the top five most used web browsers, recently surpassing the dinosaur that is Internet Explorer.

The browser’s non-custodial crypto wallet already supports the Ethereum network, giving users a seamless experience interacting with Ethereum dApps. However, Ethereum’s layer-1 (L1) blockchain has high gas fees that have hindered the adoption of Web3 crypto wallets. Polygon is stepping in now to offer a broad range of scaling options and some of the industry’s lowest transaction rates, as highlighted by Jørgen Arnesen, Opera EVP Mobile. 

“Our cooperation with Polygon will allow us to remove the biggest challenge that crypto-enthusiasts are now facing: high gas fees and slow transaction speeds. We are thrilled to give access to Polygon dApps and the MATIC token seamlessly and directly in our mobile browser.” 

Just a couple of weeks ago, Opera also announced a partnership with the L1 smart contract platform Solana.

RECOMMENDED: DATA SHOWS POLYGON HAS SURPASSED ETH IN ‘NEW TOKENS DEPLOYED’

What This Means For Polygon

Polygon could potentially catch a large chunk of the traffic from Opera’s 350+ million users with the Opera integration. Many internet users on Opera have been unable to seamlessly interact with DeFi due to the friction and gas fees associated with Ethereum, so partnering with Polygon is a big move to reduce the barrier to entry.

Now that other L1s, Metaverses, and NFTs have had their fun over the past few months, the momentum has steadily been shifting back to the top-dog L1 Ethereum. However, despite the bullish momentum, nothing has changed to reduce those gas fees on the network, as Ethereum 2.0 is still under development. 

Crypto investors understand this, and as a result, Polygon and other L2s, such as Loopring, have been gaining a lot of momentum too. Take a look at the Polygon chart over the past several months.

MATIC held support above previous resistance for two weeks after breaking out of this ascending triangle pattern on the weekly timeframe, and it now looks like the MATIC train is about to take off. 

At the time of writing, MATIC is inching closer to its previous all-time high of $2.85, trading at $2.64. As crypto analyst TechDev points out, MATIC’s growth looks awfully similar to that of Ethereum’s 2017 bull run.

The post Polygon Integrating With Opera Browser To Accelerate Web3 Adoption appeared first on CryptosRus.