Phantom, a popular crypto wallet for the Solana blockchain, is set to expand its offerings to include support for the Ethereum and Polygon blockchains, according to the report.
The company announced that the public launch of the multichain integration will take place on May 1, 2023, at 9 a.m. EST, across browsers, iOS, and Android.
The integration, which was scheduled to be geared up in the first quarter of 2023, is now available to Phantom’s three million customers.
By adding support for Ethereum and Polygon, Phantom users will now be able to transfer assets across blockchains, dApps, and NFT marketplaces, as per the report.
Existing assets from MetaMask, Solana, or Ethereum Virtual Machine (EVM) wallets will also be able to be imported. The wallet will also have advanced NFT information, such as current floor and selling prices.
Phantom is focused on user safety and is adding new features to help prevent phishing attempts. The wallet will simulate transactions before they are approved, so users can see what they are sending and receiving, and it will warn users about malicious websites.
In addition, Phantom has a customer support team that is available 24/7 to assist users who have been phished or hacked. Phantom’s expansion to multiple blockchains speaks to the growing potential for a multichain world.
Furthermore, its new capability could allow dApps and other projects to interact with consumers in a more seamless way. Phantom’s support for Ethereum and Polygon will expand its reach beyond the millions of users in the Solana ecosystem.
Solana (SOL) Price Analysis
The news of the Solana wallet to include support for the Ethereum and Polygon blockchains didn’t yet cause any significant spike in the value of SOL.
According to CoinMarketcap, the token is presently being traded at $21.76, with a decrease of 1.30% in the last 24 hours and 5% in the last seven-day chart.
However, yesterday SOL was making waves in the market, as reported by TronWeekly. The market cap across all cryptocurrencies increased by 6.61% over the last day, and SOL’s value increased by 8.78% over the same period yesterday.
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