Ethereum

Solana

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Phantom

The new in-app swap feature supports all EVM tokens and bridges them to USDC on Solana, Phantom says.
<a href="https://crypto.news/tag/phantom" target="_blank" rel="noopener noreferrer nofollow">Phantom</a>, the non-custodial crypto wallet initially made for Solana users only, is now expanding its presence on the market with a new feature designed to bridge liquidity from the Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) ecosystem.
In <a href="https://x.com/phantom/status/1726699445176410116?s=20" target="_blank" rel="noopener noreferrer nofollow">an announcement posted to X</a> on Nov. 20, Phantom said the newly-launched cross-chain swapper enables users to bring any tokens from Ethereum, by bridging Ethereum Virtual Machine (EVM)-based assets to USDC (<a href="https://crypto.news/price/usd-coin/" data-type="link" data-id="https://crypto.news/price/usd-coin/" rel="noopener noreferrer nofollow">USD</a>) — as well as USDT (<a href="https://crypto.news/price/tether/" data-type="link" data-id="https://crypto.news/price/tether/" rel="noopener noreferrer nofollow">USDT</a>), DAI (<a href="https://crypto.news/price/dai/" data-type="link" data-id="https://crypto.news/price/dai/" rel="noopener noreferrer nofollow">DAI</a>), and wETH for certain routes — on Solana (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/" rel="noopener noreferrer nofollow">SOL</a>).
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 Bridging to <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@solana</a> should be as simple as swapping. And now, it is. With our new Cross-Chain Swapper, you can bridge tokens across Ethereum and Solana right in Phantom. <a href="https://t.co/TkGrFSFvoy" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TkGrFSFvoy</a>— Phantom (@phantom) <a href="https://twitter.com/phantom/status/1726699445176410116?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 20, 2023</a>
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Those interested in swapping assets would have to import their Ethereum wallet(s) to Phantom or create a new wallet and fund it with Ethereum (ETH) to cover transaction fees. Phantom said the feature will charge a 0.85% transaction fee on “some swap pairs.”
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As per Phantom’s <a href="https://phantom.app/learn/blog/cross-chain-swapper" target="_blank" rel="noopener noreferrer nofollow">blog announcement</a>, the bridging process is conducted through Allbridge, a cross-chain bridging solution, as well as Li.Fi, an aggregation protocol. In addition to Ethereum, the new feature also supports Polygon, a sidechain developed to scale the Ethereum ecosystem.
Launched in 2021, Phantom initially offered services mainly on&nbsp;<a href="https://crypto.news/solana-rapid-decline-amid-ftxs-fallout/" rel="noopener noreferrer nofollow">Solana</a>. The&nbsp;<a href="https://crypto.news/learn/what-is-a-defi-wallet/" rel="noopener noreferrer nofollow">wallet</a>&nbsp;provider claims to have over two million users. In January 2022, Phantom <a href="https://phantom.app/learn/blog/phantom-s-usd109m-series-b-and-launch-of-ios-app" target="_blank" rel="noopener noreferrer nofollow">completed</a> a $109 million series B funding round led by Paradigm, bringing its value to $1.2 billion. Other investors included Jump Capital, Andreessen Horowitz (a16z), Solana, and Variant.
Read more: <a href="https://crypto.news/phantom-unveils-new-camera-nft-feature/" rel="noopener noreferrer nofollow"> Phantom unveils new camera NFT feature </a>

Solana’s Phantom wallet rolls out cross-chain swapper to bring liquidity from Ethereum

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