The integration helps Opera users navigate the Web3 industry through MultiversX with the help of EGLD coins.
Opera, one of the leading internet browsers with more than 300 million users across mobile and desktop platforms, has announced its successful integration with MultiversX (EGLD), a metaverse-based blockchain formerly known as Elrond. After integration, Opera users can download the configuration via a dedicated link to enable access to features such as custom wallpapers, and a quick connect for quick access to the main MultiversX websites. Opera’s browser integration with MultiversX will boost the future growth prospects of both platforms. Moreover, it is a major seamless adoption of Web3 by Web2 users.
Through the integration, Opera users can seamlessly interact with MultiversX digital assets including EGLD, ESDT and NFT tokens. Moreover, Opera users can easily browse the decentralized applications available on the MultiversX blockchain. According to market data provided by DefiLlama, the total value of the MultiversX blockchain (TVL) is approximately $54.11 million.
Among the top DeFi protocols on MultiversX blockchains include xExchange, a decentralized exchange with a TVL of around $47 million. Other notable DeFi protocols on the MultiversX network include Proteo DeFi Network, AshSwap, and QuantumX.
“There is an undeniable advantage in creating a clear and easy path to the Web3 world within the ideal Web2 portal, the browser. This can serve as a powerful catalyst for wider adoption and exploration of the MultiversX blockchain ecosystem, while providing a seamless and intuitive experience for existing users. We are excited to be at the forefront of this The significant shift, along with Opera, ” He said Benjamin Minkow, CEO, MultiversX.
MultiversX Market Outlook
The MultiversX network is expected to benefit greatly from the integration of Opera amidst significant competition in the blockchain industry. MultiversX (EGLD) is ranked 51st by total market capitalization, with a total market capitalization of about $940 million on Friday and a 24-hour trading volume of about $13 million.
According to the on-chain data provided by egldscan, MultiversX had a total of 2,242,304 addresses with about 3,197 validators. EGLD price was trading around $36.93, up by about 2.3 percent over the past 24 hours. Moreover, EGLD has a low token supply of around 31.4 million coins compared to most meme coins that count trillions of coins.
However, EGLD coin is far from ATH, around $545.64, down more than 93 percent according to market data provided by Coingecko.
The Proof of Stake network can handle the massive on-chain demand by enabling real-time splitting and merging of blocks.
Look closely at Opera
The Opera browser competes with the likes of Google Chrome, Apple’s Safari, Microsoft Edge, Mozilla Firefox, and Internet Explorer. However, Opera managed to stay in the top five most used browsers with the introduction of Opera One. Notably, Opera One has been well redesigned to interact with emerging technologies such as artificial intelligence (AI).
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