Key facts:
Opera mobile browser is now compatible with the DeversiFi exchange.
DeversiFi is an app developed on an Ethereum rollup, which makes transactions cheaper.
Opera, the company behind the popular web browser, has integrated with DeversiFi, an Ethereum second layer (L2) exchange. In this way, it will allow its users to make ether (ETH) transactions through a P2P system (peer to peer).
The firm reported: “The growing popularity of the decentralized finance (DeFi) sector and the ongoing non-fungible token (NFT) frenzy have led to prohibitive transaction fees on the Ethereum mainnet.” Thus referred to the high transaction costs suffered by the main layer of ethereum (L1) nowadays.
Considering this, they stated: “While Ethereum 2.0 will bring these benefits to the entire Ethereum blockchain, current L2 solutions are designed to handle transactions outside of the Ethereum mainnet while leveraging L1’s security and settlement model.” .
Advertising
That is why they decided to integrate into a second layer solution through a partnership with the DeversiFi exchange. Thus, Opera can remove high Ethereum fees and introduce instant transactions for your Android mobile browser users.
With the DeversiFi exchange, Opera users can now trade ETH with each other via P2P (person-to-person) transactions. This tool is only available in the beta version, which is already available for download.
Users can deposit fiat money through Moonpay or deposit ETH from their Ethereum backbone wallets. From there, they will be able to trade and transfer tokens with the DeversiFi exchange.
Opera plans to seek to make the use of cryptocurrencies more widespread
From the company, they said that integration to exchange DeversiFi is one more step in Opera’s strategy to make the use of cryptocurrencies be more general. In fact, this is not the first time that he has been involved with the ecosystem. His first contact with the industry was in 2018 integrating his browser to a dApp wallet and explorer.
Since then, Opera has introduced on-ramps from fiat to bitcoin and other cryptocurrencies, both on its desktop and iOS browsers. In January 2022, he announced the beta release of “Crypto Browser Project”a dedicated Web 3 browser that will integrate L2 solutions that they warn they will release in the near future.
It’s part of Opera’s DNA to make accessing the web easier. Now is the time to remove one of the key obstacles associated with using web3: exorbitant gas fees and slow network speeds.
Jorgen Arnesen, in charge of Web 3 at Opera.
Will Harborne, the Co-Founder and CEO of DeversiFi, said: “L2 technologies are revolutionizing the blockchain industry and we are proud to work with Opera to bring our low-cost, frictionless, gas-free trading solution combined with the scalability benefits of StarkEx, to its millions of users.”
As CriptoNoticias reported, DeversiFi is powered by StarkEx, which is a scalability engine developed by the StarkWare organization.. Uri Kolodny, Co-Founder and CEO of StarkWare, said: “The integration of Opera into the StarkEx solution is a game changer” detailing “It will lower the barrier of entry costs and allow (…) its users to participate in the exciting world of Ethereum DeFi at a fraction of the price. Its users today are out of the market price due to the high transaction costs in Ethereum.”
