Phantom Wallet Expands Beyond Solana, Offers Multichain Support

Phantom Wallet has expanded its reach beyond Solana, now supporting multiple blockchain networks. This evolution allows users to manage their assets across various networks without manually switching between them. One of the key features of Phantom is its support for gasless transactions on Solana. Eligible transactions can deduct network costs from the token being transferred or swapped, with typical gasless fees ranging from $0.001 to $0.50-$1.00 for standard transactions. Phantom charges a 0.85% fee on most swaps, alongside applicable blockchain fees and price impact. Users are responsible for protecting their recovery method, private keys, and account access, as Phantom is a self-custodial wallet. Hardware wallet integration is also available, with supported models including the Ledger Nano X, Nano S, Nano S Plus, Stax, and Flex. However, Phantom does not support every major blockchain, and swap costs can be significant for larger trades. Despite these limitations, Phantom remains a convenient option for everyday on-chain activity, especially for Solana users. With its multichain support and gasless transactions, Phantom is a viable choice for those looking for a self-custodial wallet.