Phantom Wallet has officially integrated support for Base, Coinbase's Ethereum-based layer-2 blockchain, marking a significant step in its multi-chain expansion.
Phantom Wallet has officially integrated support for Base, Coinbase's Ethereum-based layer-2 blockchain, marking a significant step in its multi-chain expansion. The new feature is now available for all users, having recently exited its beta phase.
As of Monday, Base boasts a total value locked (TVL) of approximately $3.4 billion, positioning it as the largest layer-2 chain by TVL. For comparison, Arbitrum, another prominent layer-2 solution, has a TVL of around $3 billion, according to data from DeFiLlama.
Base ranks sixth overall among blockchain networks, following major layer-1 chains such as Ethereum, Solana, Tron, Binance Smart Chain (BSC) and Bitcoin.
With this integration, Phantom users can now buy Ether and USDC directly on Base and conduct token swaps between Base, Ethereum, Solana and Polygon. The company emphasized that this functionality enhances the user experience by facilitating interactions within Base’s ecosystem, similar to what users are accustomed to with other supported blockchains.
Phantom originally launched as a wallet for the Solana blockchain but transitioned to a multi-chain platform in May 2023, adding support for Ethereum and Polygon.
Brandon Millman, co-founder and CEO of Phantom, previously stated a commitment to cross-chain interoperability, aiming to provide users with the necessary tools to navigate various blockchain networks effectively.
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