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News

Phantom Wallet Adds Base Network Expanding Multi-Chain Access

November 26, 2024 - Around 2 mins mins to read

Key Points:

  • Phantom Wallet adds Base Network support, enhancing cross-chain swaps.
  • The multi-chain feature allows swaps between Ethereum, Solana, Polygon, and Base.
Phantom wallet adds Base Network support, enabling token swaps across Ethereum, Solana, Polygon, and Base, expanding its multi-chain capabilities.
Phantom Wallet Adds Base Network Expanding Multi-Chain Access

Phantom Wallet Adds Base Network to Expand Multi-Chain Swaps

Phantom Wallet added Base Network to the list of supported blockchains and therefore enabled cross-chain swap functionality on Ethereum, Solana, Polygon, and Base. With this integration going live for all, it provides easy access to the Base ecosystem and brings greater interoperability for digital assets.

Initially a Solana-exclusive wallet, Phantom transitioned to a multi-chain platform in May 2023 with the addition of Ethereum and Polygon. Users will be able to manage and send assets on not just two but four major blockchain ecosystems after this update, marking yet another important milestone in Phantom’s commitment to cross-chain interoperability.

Read more: Phantom Wallet To Launch Multichain App Support For Ethereum And Polygon

Multi-Chain Growth of Phantom Wallet

Base Network’s support is another significant step in Phantom Wallet’s multi-chain expansion strategy, as it lets users swap tokens or manage assets seamlessly among Ethereum Layer 2, Solana, Polygon, and Base. This solidifies Phantom’s position as one of the most versatile solutions for blockchain users. Base Network unlocks a lot more for users in terms of engaging with dApps and token swaps.

Base is, for the moment, the largest Layer 2 blockchain in terms of TVL, with a closed value of almost $3.4 billion in assets. Phantom aligns with a rapidly growing ecosystem such as Base to show its vision of driving interoperability and enhancing user experiences within the greater Web3 landscape.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.