Phantom Wallet Expands Support with Base Network Integration and Multichain Features
- Phantom Wallet integrates Base Network
- Multichain support: Ethereum, Solana, Polygon and Base
- Improved interoperability with dApps and NFTs
Phantom Wallet, known for its intuitive interface and support for multiple blockchains, has announced the integration of Base Network, a capabilities Ethereum-based layer 2 exchange developed by Coinbase. With this addition, users can manage assets and perform swaps between Ethereum, Solana, Polygon, and Base, consolidating four of the major blockchain networks into a single platform.
Today, we're rolling out @Base to everyone on Phantom 🔵
You can now:
→ Swap tokens between Base and Solana
→ Access your favorite DeFi and NFT apps
→ Buy ETH and USDC on Base right inside your wallet pic.twitter.com/woCT3K7qgY— Phantom (@phantom) November 25, 2024
The Base Network, highlighted by its total value locked (TVL) of approximately $3,4 billion, represents a significant step forward in Phantom’s expansion strategy. This integration facilitates interaction with decentralized applications (dApps) on Base, expanding the possibilities of interoperability for users seeking a more flexible experience in the Web3 market.
Originally designed for Solana, Phantom has evolved into a multichain platform by adding support for Ethereum and Polygon in May 2023. With the addition of Base, the wallet furthers its commitment to interoperability, allowing users to explore multiple networks through a single, intuitive interface.
In addition to consolidating its position in the market, Phantom seeks to offer innovative solutions that meet the ever-evolving needs of the blockchain community. The platform demonstrates its dedication to developing tools that connect emerging and established networks, creating new opportunities for asset and token management in a secure and scalable environment.
The integration of Base Network not only enhances Phantom’s functionality but also strengthens its vision of building a more interconnected and accessible blockchain ecosystem for all users.
To enable Base on Phantom Wallet, users must go to the settings, select “Active Networks” and toggle the “Base” option on. This feature is available on both the mobile version and the browser extension, providing flexibility and convenience to users.
With Base enabled, users can send, receive, and buy tokens like USDC and ETH on the Base network using debit and credit cards, Apple Pay, or Coinbase. Additionally, users can explore the ecosystem of dApps, NFTs, and transact cryptocurrencies and memecoins between the Ethereum and Solana networks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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