Phantom Wallet Expands to Ethereum Layer-2 Network Base, Boosting Multi-Chain Capabilities

Phantom’s Latest Expansion: A Step Towards Deeper Connectivity in the Crypto Ecosystem

Phantom Wallet, a popular cryptocurrency wallet, has taken another significant step in expanding its reach by integrating with Coinbase’s Base, an Ethereum layer-2 network. This move marks a substantial development in the wallet provider’s multi-chain strategy, enabling users to interact with the Base ecosystem and unlock new features.

The Base network, currently the largest Layer 2 blockchain by total value locked and the sixth largest overall, offers a robust platform for users to engage with decentralized applications, non-fungible tokens, and more. Phantom users can now buy ether and USDC on Base, swap tokens across multiple chains, and utilize debit and credit cards, Apple Pay, or Coinbase for transactions.

Enhanced Security and User Experience

The integration with Base comes with several enhancements, including compatibility with Ledger devices, automatic spam detection for malicious NFTs and tokens, and transaction simulation to flag suspicious activities. These features aim to provide users with a more secure and seamless experience, ensuring that their transactions are protected from potential risks.

Phantom’s recent acquisition of web3 security platform Blowfish has further bolstered the wallet’s security capabilities. Blowfish’s technology has successfully prevented over 2.8 million scams, providing users with enhanced protection against harmful dapps and bugs.

A Growing Demand for Decentralized Wallets

Despite some recent technical hiccups, Phantom has experienced an increase in demand, particularly during the ongoing memecoin craze. The rising popularity of decentralized wallets like Phantom has driven retail investors toward decentralized trading platforms, with the wallet recently surging past Coinbase in Apple’s U.S. App Store rankings.

The memecoin frenzy has attracted new traders to decentralized wallets, which offer access to meme coin markets on decentralized exchanges. Phantom’s recent integration with Base, combined with the growing popularity of platforms like Clanker—an AI-driven token bot designed for deploying meme coins on Base—could potentially spark an Ethereum “memecoin mania.”

“The integration of Phantom with Base could be a catalyst for an Ethereum memecoin mania,” says Ryan Sean Adams, co-founder of Bankless. “The combination of Phantom’s user base and Base’s growing popularity

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