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I wholeheartedly agree. Presto was very lightweight and, to my knowledge, exceptionally standards compliant as well.

I think the last version of the Presto engine did have a source code leak, but naturally it's not a great idea to work on it unless you want to catch a lawsuit.

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Yeah, if the Opera corporation gave a blessing to use the leaked code then that would be great; I'm not going to look at it until I know for sure I'm not going to be sued.

It's too bad, I hate that we basically only have two browsing engines that people take seriously: Blink/Chromium and Safari for iOS. Firefox is there but it lags pretty far behind those two. Having a little more competition in this space could be good.

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There's LadyBird, https://ladybird.org/
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I'm aware, but that's not usable yet in any real sense. I'm glad we're getting another engine and it would be cool if it becomes competitive with the other. I'm just saying that Presto was already competitive with the others before they changed to Chromium, and I wish that they had open sourced it if they weren't going to use it anyway.
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