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Key Notes
Phantom has integrated Base, Coinbase’s Ethereum-based Layer 2 blockchain, into its wallet.The integration enables users to manage multiple blockchains, including Ethereum, Solana, and Bitcoin, from a single wallet.Users can now send, receive, and buy tokens like USDC and ETH on Base using flexible payment methods.Phantom, a leading crypto wallet provider, has taken a major step in its multi-chain journey by incorporating support for Base, Coinbase’s Ethereum-based Layer 2 blockchain. This move marks the end of the beta phase for the Base integration, which is now available to all users.
The integration allows Phantom users to seamlessly interact with Base alongside other supported blockchains like Ethereum, Solana, and Bitcoin — all from a single wallet. This approach eliminates the need to juggle multiple wallets, simplifying token management across chains. Users can send, receive, and purchase tokens such as USDC USDC $1.00 24h volatility: 0.1% Market cap: $38.67 B Vol. 24h: $11.21 B and ETH ETH $3 349 24h volatility: 3.6% Market cap: $403.96 B Vol. 24h: $57.83 B on Base using various payment methods, including debit and credit cards, Apple Pay, and Coinbase.
In an earlier statement, Phantom highlighted the versatility of its platform:
“Our Base support makes it easy for you to use your Phantom wallet to interact with Base’s ecosystem.”
A Streamlined User Experience
The Base integration doesn’t stop at simplifying asset management. Phantom has also introduced features aimed at boosting user security and convenience. For example, users can connect their ledger devices to the mobile app and browser extension, enhancing the safety of their crypto holdings.
This development aligns with Phantom’s ongoing efforts to position itself as a leading multi-chain wallet. Initially launched as a Solana-exclusive wallet, Phantom expanded its scope in May 2023 to include support for Ethereum and Polygon blockchains. Now, with Base in its ecosystem, Phantom continues to push boundaries in user accessibility and network interoperability.
Base’s Meteoric Rise in Activity and Value
The Base blockchain itself has shown remarkable growth. Data from DeFiLlama reveals that Base is the sixth-largest blockchain by total value locked (TVL), with nearly $3.4 billion locked within its ecosystem. This figure places Base ahead of other Ethereum Layer 2 solutions like Arbitrum, which holds $3 billion in TVL. Moreover, its overall TVL, including canonical, native, and external, surpassed the $10 billion milestone on November 15, as per the data by L2BEAT.
Base has also distinguished itself as the fastest Ethereum Layer 2 solution, achieving a record-breaking 106.26 transactions per second (TPS) as of November 23. This marks a major leap from the 4 TPS average recorded in January, according to Base founder Jesse Pollak.
As Base continues its upward trajectory, Phantom’s integration with this robust blockchain enhances its appeal to users seeking a unified and secure crypto wallet experience. With interoperability, scalability, and security at the forefront, Phantom is well-positioned to cater to the growing demands of the decentralized ecosystem.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
