Phantom, a non-custodial crypto wallet, has announced its support for Base network, an Ethereum layer-2 blockchain backed by Coinbase. The integration is now available to over three million customers who have updated their wallet apps and extensions.
Why Phantom Supports Base
The Base network has recently achieved a significant milestone of over two million daily active addresses. This shows its rapidly expanding ecosystem and increasing adoption among developers and users.
To further enhance its user experience and attract Base users, the Phantom team added the L2 network to its list of supported networks. According to the announcement, Base Network support on the non-custodial wallet is currently a beta feature, and users can choose whether or not to use it.
What This Means for Users
The layer-2 integration will allow users to send and receive token transfers on the Base network with Phantom effortlessly. The team claims users will also be able to purchase assets like USDC and ETH using credit cards, Apple Pay, or Coinbase.
Phantom users who have opted for Base beta can also explore the layer-2 ecosystem and seamlessly interact with their favorite decentralized apps (dApps). The wallet’s development team also noted that users can trade crypto across the Coinbase-backed network.
The Phantom team also assured Base users that security remains a top priority. It further mentioned other features that can be enjoyed, including Ledger support, automatic spam detection, and transaction simulation.
Base Network is not the First
Since its launch in 2021, Phantom has remained focused on the Solana blockchain until April 2023, when it first integrated two other networks: Ethereum and Polygon. This move was spurred by the team’s desire for users to interact with the three largest ecosystem blockchains without moving from one wallet app to another.
Eight months later, Phantom expanded its capabilities by integrating the Bitcoin blockchain, enabling users to engage with Ordinals and BRC20 tokens amidst growing demand for Bitcoin-focused digital tokens. The team acknowledged that Solana, Ethereum, or Web3 would not exist without Bitcoin.
With its latest integration of the Base network, the multi-chain wallet now supports five blockchains.
