The digital wallet Phantom, which previously only worked on the Solana (SOL) blockchain, has announced that it will soon open for the Ethereum (ETH) and Polygon (MATIC) blockchains. With its simple and fluid interface, Phantom presents itself as a major competitor to the giant MetaMask.
Phantom lands on Ethereum and Polygon
Rumors had been circulating for several weeks and the announcement was eagerly awaited by the community. It’s now official: the digital wallet Phantom will soon be compatible with Ethereum (ETH) and Polygon (MATIC) blockchains.
1/ Coming soon: one wallet for everything.
—Phantom (@phantom) November 29, 2022
Phantom is a cryptocurrency digital wallet originally designed to interact with the Solana blockchain (SOL). It exists as a mobile app and web extension, available in Google Chrome, Brave, Firefox, and Microsoft Edge browsers.
By making itself compatible with the Ethereum and Polygon blockchains, Phantom “bringing together communities from all over the web3” ease “an adoption by the general public”, as Brandom Millman, CEO and co-founder, explains to our colleagues at TechCrunch:
“Just like people don’t switch web browsers to access different websites, we believe Web3 needs one wallet to access everything you need. […] We always understood that the world would eventually evolve into a multi-channel system. »
The new Ethereum and Polygon integrations are currently in beta, with a public launch target in the first quarter of 2023. It is still possible to join the waiting list to be one of the first to experience the multi-chain use of the wallet.
Currently Phantom is claiming over 2.5 million daily users and more than 25 million transactions via decentralized applications per month. Anyway, Solana’s recent decline – highly correlated with the fall of the FTX platform – has had a direct impact on these numbers and certainly justifies this opening up to other blockchains and ecosystems.
With its fluid and user-friendly interface, Phantom presents itself as a strong competitor to MetaMask, currently the leader in digital wallets on Ethereum. Moreover, the timing seems perfectly chosen. Indeed, MetaMask was in turmoil after its parent company announced it was collecting personal data from its users.
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