Phantom Integrates Base Blockchain, Ending Beta Phase for Users
Phantom, a prominent crypto wallet provider, has integrated support for Base, Coinbase’s Ethereum-based Layer 2 blockchain, concluding the beta phase. This feature is now accessible to all users.
The integration enables Phantom users to interact with Base alongside other blockchains like Ethereum, Solana, and Bitcoin from a single wallet. Users can manage tokens effectively without needing multiple wallets, allowing them to send, receive, and purchase tokens such as USDC and ETH on Base through various payment methods, including debit and credit cards and Apple Pay.
“Our Base support makes it easy for you to use your Phantom wallet to interact with Base’s ecosystem.”
A Streamlined User Experience
Phantom's Base integration not only simplifies asset management but also enhances user security and convenience. Users can connect ledger devices to the mobile app and browser extension, increasing the safety of their crypto holdings. This development is part of Phantom’s strategy to establish itself as a leading multi-chain wallet, expanding its capabilities since its initial launch as a Solana-exclusive wallet in May 2023 to include Ethereum and Polygon.
Base’s Meteoric Rise in Activity and Value
The Base blockchain has demonstrated significant growth, ranking as the sixth-largest blockchain by total value locked (TVL) with nearly $3.4 billion. This amount surpasses other Ethereum Layer 2 solutions like Arbitrum, which has $3 billion in TVL. Additionally, Base's overall TVL exceeded $10 billion on November 15, according to L2BEAT data.
Base has also achieved a record-breaking 106.26 transactions per second (TPS) as of November 23, significantly improving from an average of 4 TPS in January. As Base continues to grow, Phantom’s integration enhances its appeal for users seeking a unified and secure crypto wallet experience, focusing on interoperability, scalability, and security within the decentralized ecosystem.