- Phantom Wallet adds beta support for Coinbase’s Base layer-2 network.
- Phantom users can now send, receive, and buy Base-based assets through multiple methods.
- While Base faces security risks, Phantom strengthens user protection features.
Phantom, the cryptocurrency wallet originally built for the Solana ecosystem, has expanded its capabilities by launching beta support for Coinbase’s Base network, an Ethereum-based layer-2 solution.
This update allows Phantom Wallet users to manage digital assets across multiple blockchains more seamlessly, according to a Phantom blog post.
With features that include sending, receiving, and purchasing stablecoins and cryptocurrencies using a variety of payment methods, Phantom aims to improve the user experience and broaden its ecosystem.
Enhanced features for asset management in Phantom
With Base support now available, Phantom users can access several features designed to simplify asset management and on-chain interactions.
The wallet now enables users to send and receive Base-based stablecoins such as USD Coin (USDC) as well as tokens like Ethereum (ETH) bridged to the Base network.
Users can buy these assets using debit or credit cards, Apple Pay, or directly through Coinbase, making on-ramping more accessible for newcomers and experienced crypto users alike.
It is important to note that this Base support is currently in beta and requires users to opt in through their wallet settings.
Beyond basic asset management, Phantom has added tools that let users interact with decentralized finance (DeFi) applications and non-fungible tokens (NFTs) within the Base ecosystem.
Security is a central focus: Phantom supports Ledger hardware devices, includes automatic spam detection for NFTs and malicious tokens, and offers transaction simulation to surface suspicious activity — all measures intended to address rising security concerns across the crypto landscape.
A growing ecosystem facing security challenges
Phantom’s expansion comes as the broader crypto environment confronts increasing security threats.
Recent research from Trugard Labs found that Coinbase’s Base network registered more than 34,000 high-risk detections in its smart contracts during August.
The network has experienced vulnerabilities related to digital signature handling and malicious boolean checks in token transfer logic, among other issues.
These findings highlight the urgent need for robust security practices as bad actors seek to exploit smart contract weaknesses. Despite these risks, the collaboration between Phantom and Base signals a constructive direction for both projects.
Jesse Pollak, the creator of Base, who was recently appointed as Vice President of Engineering at Coinbase to oversee the Coinbase Wallet, emphasized the shared vision of simplifying on-chain experiences for users.
Pollak expressed enthusiasm about his new role and the broader mission to bring blockchain access to a billion people and support a million builders.
As the crypto space continues to evolve, Phantom’s integration with Base marks a significant step toward expanding its user base while addressing the pressing needs for security and accessibility within the decentralized ecosystem.
With layer-2 solutions like Base gaining traction, the future looks promising for Phantom and its users as they navigate the increasingly complex world of cryptocurrencies.