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 <p class="is-style-lead">The new in-app swap feature supports all EVM tokens and bridges them to USDC on Solana, Phantom says.</p>
 <p>Phantom, 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 (ETH) ecosystem.</p>
 <p>In an announcement posted to X on Nov. 20, Phantom said the newly-launched <a rel="noopener noreferrer nofollow" title="cross-chain" href="https://thebittimes.com/tag/cross-chain.html">cross-chain</a> <a rel="noopener noreferrer nofollow" title="swapper" href="https://thebittimes.com/tag/swapper.html">swapper</a> enables users to <a rel="noopener noreferrer nofollow" title="bring" href="https://thebittimes.com/tag/bring.html">bring</a> any tokens from Ethereum, by bridging Ethereum Virtual Machine (EVM)-based assets to USDC (USD) — as well as USDT (USDT), DAI (DAI), and wETH for certain routes — on Solana (SOL).</p>
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    <p lang="en" dir="ltr">Bridging to @solana should be as simple as swapping.<br><br>And now, it is.<br><br>With our new Cross-Chain Swapper, you can bridge tokens across Ethereum and Solana right in Phantom. pic.twitter.com/TkGrFSFvoy</p>— Phantom (@phantom) November 20, 2023
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 <p>Those interested in swapping assets would have to import their Ethereum <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>(s) to Phantom or create a new <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> 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.”</p>
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 <p>As per Phantom’s blog announcement, 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.</p>
 <p>Launched in 2021, Phantom initially offered services mainly on&nbsp;Solana. The&nbsp;<a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>&nbsp;provider claims to have over two million users. In January 2022, Phantom completed a $109 million series B funding round led by Paradigm, <a rel="noopener noreferrer nofollow" title="bring" href="https://thebittimes.com/tag/bring.html">bring</a>ing its value to $1.2 billion. Other investors included Jump Capital, Andreessen Horowitz (a16z), Solana, and Variant.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-s-phantom-wallet-rolls-out-cross-chain-swapper-to-bring-liquidity-from-ethereum-tbt71041.html">https://thebittimes.com/solana-s-phantom-wallet-rolls-out-cross-chain-swapper-to-bring-liquidity-from-ethereum-tbt71041.html</a></p>

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

TheBitTimes

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