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Solana Wallet Phantom Extends Support for Ethereum and Polygon

Wed, 04/26/2023 - 16:00
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Yuri Molchan
Solana's multichain crypto wallet now interacts with Polygon and Ethereum chains
Solana Wallet Phantom Extends Support for Ethereum and Polygon
Cover image via www.freepik.com

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According to a recent TechCrunch article, Solana-based Phantom wallet is going to welcome users of Ethereum (ETH) and Polygon (MATIC) chains on May 1.

Solana's wallet adds ETH and MATIC

Initially, the wallet was scheduled to start integrating these chains during Q1 of this year. However, the start date was postponed. According to the chief of the wallet Brandon Millman, all three million users of Phantom will be exposed to the Solana, Ethereum and Polygon chains via the wallet.

This has become possible after the wallet obtained a valuation of $1.2 billion after the $109 million fundraising round at the start of 2022; that is, a year has passed since then. The leading players who participated in that investment round were Paradigm and Andreessen Horowitz, along with Solana.

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Integration with the above-mentioned chains will provide Phantom users with exposure to decentralized platforms, like Aave and Uniswap, and also to NFT platforms, such as OpenSea. Users will also be able to move their crypto from MetaMask wallet, Solana or EVM to Phantom.

Besides, users of this wallet have options to trade and hold crypto. They will now be able to do it on three leading blockchains, rather than just one. Besides, as mentioned above, Phantom's users will now be able to interact with dApps and other multichain products.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.