Phantom expands multi-chain reach with base integration
The enhancement allows users to transact using ether and USDC on Base and facilitates token swaps across major blockchains, including Ethereum, Solana, and Polygon.
Phantom, a leading crypto wallet, has expanded its multi-chain functionality by introducing support for Base, Coinbase’s Ethereum-based Layer 2 blockchain. The integration, now fully released after its beta phase, allows users to seamlessly access Base’s ecosystem. Phantom wallet users can now purchase ether and USDC on Base, as well as swap tokens across Base, Ethereum, Solana, and Polygon.
Initially developed as a Solana-exclusive wallet, Phantom transitioned into a multi-chain platform in May 2023 by adding support for Ethereum and Polygon. Co-founder and CEO Brandon Millman has stated that cross-chain interoperability is essential to the future of digital asset management. The company remains committed to providing its users with streamlined tools for navigating and transacting across multiple blockchain networks.
Base has emerged as the largest Layer 2 blockchain in terms of total value locked (TVL), currently holding $3.4 billion. It surpasses competitors such as Arbitrum, which has a TVL of $3 billion. Despite trailing major Layer 1 blockchains like Ethereum, Solana, and Bitcoin, Base ranks sixth overall in the blockchain network hierarchy. Its inclusion in Phantom’s portfolio further cements the wallet’s position as a versatile platform in the crypto space.
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