- Phantom Solana wallet now supports Ethereum and Solana blockchains.
- The move is part of the mobile and browser wallet’s commitment to providing a seamless multichain experience to new users.
- Users can manage multiple accounts and assets across blockchains without switching wallets.
Popular self-custodial wallet, Phantom on Solana blockchain, has announced support for the Ethereum and Solana blockchains. The mobile wallet app and the browser wallet will support the two networks with these developments.
The move broadens user access to decentralized applications (dApps) across the web3 space, including Magic Eden, Uniswap, Aave, blur, and OpenSea.
Solana Declares Support for Competing Blockchains
The popular Solana wallet first announced support for Ethereum and Polygon in November 2022 to enable interaction between the three largest blockchains for digital collectibles under one roof.
According to the report, the new features will make managing multiple accounts and assets easier across blockchains, eliminating the need to switch between wallets.
“We are dedicated to leveraging our expertise from the Solana ecosystem to drive innovation in the wallet space… to deliver the most versatile and user-friendly experience across all platforms,” stated Brandon Millman, Phantom’s CEO.
It would also allow for the import of existing MetaMask, Solana, and Ethereum Virtual Machine (EVM) wallets.
Since the beta version of its Ethereum and Polygon network integrations last fall, the Phantom wallet has notably gained over 100,000 users.
The Phantom Solana wallet app has increased its security measures in response to increased phishing and swindling attacks on non-fungible token (NFT) holders. In a January statement, the company stated that it had “scanned more than 85 million transactions and blocked more than 18,000 wallet-draining transactions.”
Phantom’s Future Plans
Phantom intends to introduce instant NFT sales and build a bridge that will transfer assets between the Solana and Ethereum networks.
According to Millman, “We believe that the future of digital asset management lies in cross-chain interoperability.”
Millman also stated the team’s commitment to providing users with the best tools and resources for easy navigation and transaction across various blockchain networks.
About Phantom
Phantom is a digital wallet for DeFi that provides a safe and easy way to store, send, receive, collect, and swap tokens on the Solana blockchain.
Visit Phantom’s website and Twitter to learn more about Phantom Wallet.
