Crypto Enthusiasts Rejoice As Phantom Wallet Finally Adds Base Support
In a significant move to strengthen its multi-chain ecosystem, Phantom Wallet has now integrated Base, a Layer 2 solution introduced by Coinbase and built on Ethereum (ETH). This new feature enhances the reach of the company across various blockchain networks, providing users with even greater flexibility and ease of use.
Accessibility And Safety
The integration, which has officially exited beta, allows Phantom users to transfer tokens between Base and other major blockchains like Ethereum, Solana (SOL), and Polygon (MATIC). Users can also purchase ETH and USDC directly on Base within the wallet, and exchange tokens across these chains effortlessly.
With Base support, users can now easily and safely interact with its ecosystem as easily as they do with Solana, Ethereum, Bitcoin, and even Polygon, Phantom explained in a recent post. Originally launched as a Solana wallet, Phantom evolved into a multi-chain platform in May 2023, adding support for Ethereum and Polygon.
Emphasizing Cross-Chain Interoperability
Brandon Millman, Phantom Co-Founder and CEO, emphasized his strong belief that the future of digital asset management lies in cross-chain interoperability, and that Phantom is completely dedicated to giving their users the tools they need to easily navigate and transact across a diverse range of blockchain networks.
Base, while ranking sixth in total value locked (TVL) among blockchain networks, remains the largest Layer 2 chain, with a TVL of around $3.4 billion, edging out Arbitrum and their amount of $3 billion, according to DeFiLlama. This continued growth highlights the prominence of Base in the Layer 2 space, further solidifying its place in the broader crypto ecosystem.
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