Phantom Wallet Expands Beyond Solana with Multichain Support

Phantom Wallet has evolved into a multichain crypto platform that supports Solana, Ethereum, Bitcoin, and several other networks. In addition to self-custody, token swaps, NFTs, and decentralized app connectivity, Phantom's mobile and browser interfaces allow users to view tokens and NFTs across multiple chains without having to switch between networks.

Phantom still has a strong focus on Solana, allowing users to send tokens, interact with Solana applications, and swap assets directly within the wallet. The platform also supports gasless Solana transactions, which deduct network costs from the token being transferred or swapped when users lack enough SOL. Eligible transactions must generally be worth at least USD 0.30.

Phantom charges a flat 0.85% fee on most in-wallet swaps, as well as applicable blockchain fees and price impact. Cross-chain transactions can also include bridge or liquidity-provider costs. The platform recommends keeping around 0.02 SOL available for Solana network costs and approximately 0.002 ETH for Ethereum transactions.

Phantom is a self-custodial wallet, meaning users control the credentials that authorize access to their crypto. Users are responsible for protecting their recovery method, private keys, and account access. For additional protection, Phantom supports several Ledger hardware wallets, including selected Nano, Stax, and Flex models.