Phantom, a cryptocurrency wallet, is <a href="https://phantom.app/blog/one-wallet-for-everything-adding-ethereum-and-polygon" target="_blank" rel="nofollow noopener">extending</a> to the <a href="https://www.cryptoknowmics.com/news/magic-eden-comes-to-polygon-to-accelerate-blockchain-games-growth">Polygon</a> and <a href="https://www.cryptoknowmics.com/news/starkware-launches-starknet-crypto-token-on-ethereum-blockchain">Ethereum</a> blockchains, which might represent a threat to <a href="https://www.cryptoknowmics.com/news/dex-aggregator-1inch-to-shield-metamask-users-from-frontrunning">MetaMask</a>. Within a few weeks, the cryptocurrency wallet is expected to be in the test, followed by a public launch.

https://twitter.com/phantom/status/1597597365774749697
<h2>Phantom Crypto Wallet Development</h2>
On the <a href="https://www.cryptoknowmics.com/news/binance-okx-and-bybit-halt-usdt-and-usdc-deposits-on-solana">Solana blockchain</a>, Phantom is the most widely used wallet. It was developed by a group of Ethereum engineers who established the 0x decentralized exchange. It quickly gained popularity because of its user-friendly interface and capability to display <a href="https://www.cryptoknowmics.com/news/binances-first-ever-global-ad-campaign-highlights-ronaldo-nfts">NFTs</a>. Currently, it has over 3 million users worldwide. It is one of the most legitimate contenders to MetaMask's market dominance because of its extensive popularity on Solana.
<h2>Enhanced Version of MetaMask</h2>
Phantom has taken a long time to reach Ethereum. The founding team initially intended to create an enhanced version of MetaMask but decided that building a new <a href="https://www.cryptoknowmics.com/news/crypto-control-strategy-of-sec-chair-under-scrutiny-as-ecosystems-fall">ecosystem</a> first would be a superior go-to-market approach than immediately entering the market to contend. It is now competing against MetaMask, but not entirely from scratch, and with just around 10% of its customer base.

Phantom's ability to display users' tokens in a single view for all supported <a href="https://www.cryptoknowmics.com/news/carbon-offsetting-for-blockchains-beyond-regen-network-launches-carbon-marketplace">blockchains</a> is one significant way it will be distinct from competing products. In contrast, MetaMask necessitates the user to navigate between blockchains to view each token's details. The strategy used by Phantom is comparable to that of Zerion, which is also introducing a multi-chain web expansion.

Phantom Crypto Wallet Will Now Support Polygon and Ethereum

Phantom, a cryptocurrency wallet, is extending to the Ethereum and Polygon blockchains, which might represent a threat to MetaMask.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Phantom Crypto Wallet Will Now Support Polygon and Ethereum

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