Similar to Safari on iPadOS, Brave should have the option for displaying the favorites bar right underneath the URL/navigation bar, just like on the desktop version.
iPads are increasingly being used as desktop replacements, and having the ability for an always-visible favorites bar near the top of the browser would greatly help power users who rely on favorites (bookmarks) to increase their productivity by giving them one-click access to favorites and folders.
As with many design features, this could be optional for only users who wish to enable it.