Crypto NewsEthereumSolana-Based Wallet App Will Support Two More Big Networks

Solana-Based Wallet App Will Support Two More Big Networks

The SOL-based Phantom wallet is expected to be integrated into the Ethereum and Polygon networks by May.

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Cross-chain wallet platform Phantom, which is heavily used by Solana users, announced that it has added two more to the blockchain networks it supports.

According to an article on TechCrunch, Solana-based crypto custody tool Phantom will add support for Ethereum (ETH) and Polygon (MATIC) starting next month.

The Phantom developers' ETH and MATIC plan hasn't taken shape recently. Network support is planned for the 1st quarter of 2023, according to previous media reports. However, some disruptions caused the implementation date to be delayed to May.

Phantom manager Brandon Millman praised them, emphasizing that three million users can simultaneously transact on the ETH, SOL and MATIC networks.

Integrating these networks into Phantom also means users can access leading marketplaces, exchanges and financing tools such as Aave, OpenSea and Uniswap.

Great Investment in Solana Based Wallet!

Ethereum's biggest competitor, Solana, stands out for completing the same services much cheaper and faster. For this reason, the Phantom wallet application received large investments in 2022 and had a valuation of more than 1 billion dollars.

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