Opera has integrated with DeversiFi to offer a layer 2 Ethereum wallet to its customers. As such, Opera will be the first mobile browser to have a Layer 2 Ethereum wallet.
With the growth in the DeFi sector and NFT space, the crypto market has noted a spike in transaction fees on the Ethereum mainnet. Opera users will have the advantage of easiness and speed as well as low cost to send ETH in peer-to-peer transactions through a partnership with DeversiFi. The android browser can also get rid of excessive transaction fees and provide instant trading services to mobile users.
Will Harborne, the co-founder, and CEO of DeversiFi, highlighted that Opera users will be able to interact easily with DeFi. He means that Layer 2 technologies are revolutionizing the blockchain industry. Harborne noted that the integration is a way to mainstream adoption of Layer 2.
Uri Kolodny, the co-founder and CEO of StarkWare, described Opera’s emulsion of the StarkEx Solution as a gamechanger. He says it will lower the barrier of entry costs. It will allow Opera users to be part of the exciting world of Ethereum DeFi at a fraction of the price. Presently, high transaction costs on Ethereum are putting off users.
With this integration Opera expects users to utilize the DeFi interface and interact with financial services at low costs. The Web3 browser stated that the integration came about due to collaboration with Gateway.fm. This is a step further in Opera’s strategy to make the use of crypto in the mainstream. It introduced the first browser with a seamless built-in crypto wallet and dApp explorer in 2018.