Phantom wallet now supports Base network
Phantom Wallet enabled cross-chain swapping between Ethereum, Solana, Polygon, and Base by adding Base Network to its list of supported blockchains.
As the cryptocurrency wallet extends its reach across blockchain networks, Phantom adds support for Base as part of its ongoing multi-chain expansion. On the Base network, Phantom users can send, receive, and purchase tokens such as USDC and ETH using Coinbase, Apple Pay, credit cards, and debit cards.
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
Phantom integrates Coinbase’s Base network
Phantom announced that it had expanded support for Base, Coinbase's Ethereum-based Layer 2 blockchain, in a post on X on Monday.
The Ethereum Layer 2 chain and token swaps from other chains to Base are now supported by the integration, which is now out of beta and accessible to all users. Phantom users can now exchange tokens between Base, Ethereum, Solana, and Polygon, as well as purchase ether and USDC on Base in the wallet.
Phantom Wallet's Multi-Chain Growth
Another important step in Phantom Wallet's multi-chain expansion strategy is the addition of Base Network, which enables users to manage assets or swap tokens between Base, Solana, Polygon, and Ethereum Layer 2. This further establishes Phantom as one of the most flexible options available to blockchain users. Users can engage with dApps and token swaps much more easily with Base Network.
In a previous post, the wallet service provider stated, "Our Base support makes it easy for you to use your Phantom wallet to interact with Base’s ecosystem, just as you already do with Solana, Ethereum, Bitcoin, and Polygon."
The Layer 2 blockchain Base, developed by Coinbase, speeds up transactions and reduces fees on Ethereum. Phantom users will be able to access one of the blockchain systems with the fastest growth rates by integrating Base. The multichain wallet handles tokens, NFTs, and DeFi activities across blockchains even better with this update.
After Layer 1 chains Ethereum, Solana, Tron, BSC, and Bitcoin, Base comes in sixth place among blockchain networks in terms of total value locked (TVL). By TVL, it is still the largest Layer 2 chain, though. According to DeFiLlama data, Base has a TVL of almost $3.4 billion, while Arbitrum's TVL is $3 billion.
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