Phantom Wallet Adds Support for the Base Network

TL;DR

• Phantom Wallet has added support for Coinbase’s Base network.

• The wallet has been expanding beyond the Solana ecosystem in a bid to catch more value in the ecosystem. 

Phantom Continues its Multi-chain Push

Phantom Wallet has announced its expansion by adding support for the Base network as it continues its multi-chain push. Initially a Solana-based wallet, Phantom has been expanding its reach to other blockchains in a bid to capture more market value.

In an X post on Monday, Phantom revealed that it now supports Base, Coinbase's Ethereum-based Layer 2 blockchain. Phantom added that the integration is now out of beta and available for all users, allowing support for the Ethereum Layer 2 chain and token swaps from various chains to Base.

Today, we’re rolling out @Base to everyone on Phantom 🔵

You can now:

→ Swap tokens between Base and Solana
→ Access your favorite DeFi and NFT apps
→ Buy ETH and USDC on Base right inside your wallet pic.twitter.com/woCT3K7qgY

— Phantom (@phantom) November 25, 2024

With this integration, Phantom users can now buy ether and USDC on Base in the wallet and swap tokens between Base, Ethereum, Solana, and Polygon. The wallet supports several networks, including Solana, Ethereum, Bitcoin, and Polygon. It has now added Base to the list of networks it supports. 

Data obtained from DeFiLlama revealed that Base is currently the sixth-largest blockchain network in terms of total value locked (TVL), behind Ethereum, Solana, Tron, BSC, and Bitcoin.

With nearly $3.4 billion TVL, Base is the largest Layer 2 chain by TVL, with Arbitrum in second place ($3b in TVL).