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Cryptocurrency News Articles
Phantom Wallet Integrates Base Network, Consolidating Ethereum, Solana, Polygon, and Base into a Single Platform
Nov 27, 2024 at 01:33 am
Phantom Wallet, known for its intuitive interface and support for multiple blockchains, has announced the integration of Base Network
Phantom Wallet, a popular cryptocurrency wallet known for its intuitive interface and support for multiple blockchains, has announced the integration of Base Network, a capabilities Ethereum-based layer 2 exchange developed by Coinbase. With this addition, users can now manage assets and perform swaps between Ethereum, Solana, Polygon, and Base, consolidating four of the major blockchain networks into a single platform.
Highlighting the integration, Phantom announced the addition of Base Network to the Phantom Wallet, enabling users to swap tokens between Base and Solana, access DeFi and NFT applications on Base, and buy ETH and USDC on Base directly within the wallet.
The Base Network integration marks a significant step forward in Phantom’s expansion strategy, considering the network’s rapid growth and total value locked (TVL) of approximately $3.4 billion. This integration will allow Phantom users to interact with decentralized applications (dApps) on Base, expanding the possibilities of interoperability for users seeking a more flexible experience in the Web3 market.
Originally designed for Solana, Phantom has evolved into a multichain platform by adding support for Ethereum and Polygon in May 2023. With the addition of Base, the wallet furthers its commitment to interoperability, allowing users to explore multiple networks through a single, intuitive interface.
Beyond consolidating its position in the market, Phantom seeks to offer innovative solutions that meet the ever-evolving needs of the blockchain community. The platform demonstrates its dedication to developing tools that connect emerging and established networks, creating new opportunities for asset and token management in a secure and scalable environment.
The integration of Base Network not only enhances Phantom’s functionality but also strengthens its vision of building a more interconnected and accessible blockchain ecosystem for all users.
To enable Base on Phantom Wallet, users must navigate to the settings, select “Active Networks,” and toggle the “Base” option on. This feature is available on both the mobile version and the browser extension, providing flexibility and convenience to users.
With Base enabled, users can send, receive, and buy tokens like USDC and ETH on the Base network using debit and credit cards, Apple Pay, or Coinbase. Furthermore, users can explore the ecosystem of dApps, NFTs, and transact cryptocurrencies and memecoins between the Ethereum and Solana networks.
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