Multi-Chain Crypto Wallet Phantom Now Live on Coinbase’s Base Layer-2 Network

Multi-chain crypto pockets Phantom is broadening its blockchain help. In a latest transfer, the pockets has launched its providers on the Base community, a layer-2 resolution constructed on Ethereum and managed by Coinbase. This integration permits builders and members of the Web3 neighborhood throughout the Base ecosystem to entry Phantom’s asset custody and switch providers. Founded in 2021, Phantom already helps different networks, together with Solana and Polygon.

Phantom confirmed the event on X earlier this week. As per the corporate, clients will now be capable to swap Base and Solana tokens, abd buy ETH and USDC on the Base community from inside their wallets through playing cards, Coinbase, or Apple Pay.

In addition, this ecosystem enlargement brings extra DeFi and NFT apps to the Base and Phantom neighborhood members.

Today, we’re rolling out @Base to everybody on Phantom 🔵

You can now:

→ Swap tokens between Base and Solana
→ Access your favourite DeFi and NFT apps
→ Buy ETH and USDC on Base proper inside your pockets pic.twitter.com/woCT3K7qgY

— Phantom (@phantom) November 25, 2024

Coinbase launched Base in February 2023 promoting it as a blockchain community providing ‘large options and small charges’. On its official web site, Base claims its neighborhood is unfold throughout 190 nations. As per reports Base is the biggest L-2 community by way of whole worth locked – which as per CoinGecko at present stands at $3.33 billion (roughly Rs. 28,116 crore).

The enlargement of Phantom on Base is probably going so as to add extra customers to its pockets providers. Earlier in February 2024, Phantom CEO and co-founder Brandon Millman informed TechCrunch that the pockets service exceeded three million month-to-month energetic customers – clocking a 220 p.c surge from 2023.

Recognising the necessity for enhanced safety, Phantom is targeted on strengthening its inner security measures to raised defend its methods. The platform not too long ago acquired Blowfish, a security platform bringing superior fraud safety to crypto customers.

As extra people enterprise into the crypto house, notably with the arrival of crypto ETFs, the demand for multi-chain wallets throughout the Web3 neighborhood has surged. Unlike single-chain wallets that help just one cryptocurrency, multi-chain wallets permit customers to retailer a number of cryptocurrencies, providing higher comfort for these navigating varied blockchains for various functions. Popular multi-chain wallets like MetaMask, Trust Wallet, and Ledger be part of Phantom in assembly this rising demand.