ADDED TO: Chrome Beta for Android
There’s a function that will compress the size of incoming data, which should save on bandwidth and load pages faster. It uses Google’s experimental protocol (SPDY), which was designed to cut down on the latency of web pages, and PageSpeed libraries to optimize online content. When activated, all images in a page will be transcoded to WebP, which was designed to have a small file size. This feature was added to Chrome Beta for Android on March 5. It can be activated in either version by entering chrome://flags in the omnibox, and enabling Enable SPDY/3.