<img src="https://crypto.news/app/uploads/2024/11/crypto-news-BASE-option04.webp” />
Phantom Wallet has expanded to the layer 2 ethereum network developed by Coinbase as part of its multi-chain expansion plans.
After rolling out beta support for Base last month, Phantom <a target="_blank" href="https://x.com/phantom/status/1861108202022318470″ target=”_blank” rel=”nofollow”>announced On November 25, the integration is now available, allowing all users to interact with the Base ecosystem.
The latest expansion is significant as Base is currently the largest Layer 2 blockchain by total value locked and the sixth largest among all blockchains.
With the latest integration, Phantom users will be able to purchase ether and USDC on Base and trade tokens on Base, ethereum, Solana, and Polygon using debit and credit cards, Apple Pay, or Coinbase.
Additionally, users can interact with decentralized applications and non-fungible tokens across the base ecosystem through support for ledger devices, automatic spam detection for nfts and malicious tokens, and transaction simulation to flag suspicious activity.
The expansion follows wallet provider's recent acquisition of web3 security platform Blowfish. As reported by crypto.news, Blowfish joined Phantom to improve protection against harmful dapps and bugs, using its technology, which has successfully prevented over 2.8 million scams.
Meanwhile, Phantom has experienced some technical issues in recent months. On November 13, an update introduced a glitch for some iOS users, locking them out of their accounts. The bug reset the wallets and asked users to re-enter their recovery phrases. Several users reported losses, including one who claimed to have lost $600,000.
However, the wallet has seen increased demand amid the current memecoin craze, which has driven retail investors toward decentralized trading platforms. Phantom recently surpassed Coinbase in Apple's US App Store rankings.
The memecoin frenzy has particularly attracted new traders to decentralized wallets like Phantom, which, despite being less beginner-friendly than centralized exchanges, 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-powered token bot designed to deploy meme coins on Base, could spark ethereum (eth) “memecoin mania,” according to Bankless co-founder , Ryan Sean. Adams.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
