Phantom Wallet Expands to Coinbase’s Base Layer-2 Network
Phantom Expands Multi-Chain Support to Coinbase’s Base Network
Phantom, a multi-chain crypto wallet renowned for its user-friendly interface, has extended its capabilities to Coinbase’s Base network, a layer-2 solution built on Ethereum. This marks a significant milestone for Phantom as it continues to grow its reach within the blockchain ecosystem. With Base integration, Web3 developers and users can now leverage Phantom’s services for secure asset custody, seamless token transfers, and enhanced interoperability. The wallet, which was established in 2021, already supports major networks like Solana and Polygon.
The announcement was made by Phantom via its official X (formerly Twitter) account earlier this week. According to the statement, users can now swap tokens such as Base and Solana directly within the wallet. Additionally, purchasing assets like ETH and USDC on the Base network has been streamlined, with payment options including credit cards, Coinbase, and Apple Pay. This integration aims to make transactions more accessible to a wider audience, fostering increased adoption of decentralized finance (DeFi) tools and applications.
Phantom’s integration with the Base network is expected to bring substantial benefits to the ecosystem. By combining its intuitive wallet functionality with the scalability and cost-efficiency of Base, users gain access to a variety of DeFi and NFT applications. This expansion further bridges the gap between different blockchain communities, empowering both seasoned crypto enthusiasts and newcomers to explore decentralized technologies with ease.
The Base network itself has gained momentum in the blockchain space as a solution for addressing Ethereum’s scalability challenges. With Phantom’s support, Coinbase’s Base is likely to attract a broader audience of developers and users, solidifying its position as a go-to layer-2 solution for Ethereum-powered projects. This collaboration highlights the growing trend of interoperability in the blockchain world, as wallets and platforms work together to deliver a seamless and inclusive Web3 experience.
