Phantom Wallet Expands Support for Base Blockchain

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Phantom Pockets has formally built-in assist for Base, Coinbase’s Ethereum-based layer-2 blockchain, marking a major step in its multi-chain growth.

Phantom Pockets has formally built-in assist for Base, Coinbase’s Ethereum-based layer-2 blockchain, marking a major step in its multi-chain growth. The brand new characteristic is now accessible for all customers, having not too long ago exited its beta part.

As of Monday, Base boasts a complete worth locked (TVL) of roughly $3.4 billion, positioning it as the biggest layer-2 chain by TVL. For comparability, Arbitrum, one other distinguished layer-2 answer, has a TVL of round $3 billion, in accordance with information from DeFiLlama.

Base ranks sixth general amongst blockchain networks, following main layer-1 chains similar to Ethereum, Solana, Tron, Binance Sensible Chain (BSC) and Bitcoin.

With this integration, Phantom customers can now purchase Ether and USDC instantly on Base and conduct token swaps between Base, Ethereum, Solana and Polygon. The corporate emphasised that this performance enhances the person expertise by facilitating interactions inside Base’s ecosystem, much like what customers are accustomed to with different supported blockchains.

Phantom initially launched as a pockets for the Solana blockchain however transitioned to a multi-chain platform in Could 2023, including assist for Ethereum and Polygon.

Brandon Millman, co-founder and CEO of Phantom, beforehand acknowledged a dedication to cross-chain interoperability, aiming to offer customers with the required instruments to navigate varied blockchain networks successfully.

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