Users require a strong cryptocurrency wallet to participate in DeFi. These are some of the initial points of contact for customers, and the experience must be both frictionless and strong in order for the expanding number of users across the many blockchain ecosystems to use it. DeFi is tough due to a lack of guidance. Phantom attempts to minimize the barrier to entry by giving consumers a simple interface and guiding them through the onboarding process.
123 swap will soon join hands with Phantom.
Phantom was founded by Brandon Millman, Chris Kalani, and Francesco Agosti with the goal of providing an easy-to-use wallet for both newbies and experienced. The team leverages nine years of expertise designing products for 0x, Matcha, Twitter, and Facebook to create a crypto wallet for the next billion consumers. According to the latest estimates, over 70 million blockchain wallets are currently in use.
Phantom is a wallet and browser plugin for the Solana blockchain that may be used to manage digital assets and access decentralized apps.
It works by letting users keep funds and sign transactions by establishing and managing private keys on their behalf.
A rapidly growing platform:
Phantom has grown rapidly since its beta launch in April, gaining 40,000 users, increasing signups to 70,000, and securing $500,000 in funding from Serum and Solana in that time. Phantom has swiftly built its user base in the United States by providing a wallet that can perform a variety of critical services as the industry advances toward supporting worldwide decentralized finance (DeFi) adoption.
Phantom aims to be the wallet that both onboards new users, those new to cryptocurrency, and those searching for a simpler way to retain their assets, as well as veterans. They want to rethink the crypto wallet by adding features like the ability to see NFTs right in the extension. MetaMask and Coinbase are competitors.
123 swap overview:
The 123swap platform is a decentralized financial ecosystem that allows users to swap crypto assets with one another. It offers simple, transparent, and convenient trades, as well as income and investment management options, all without the need for a middleman. The platform claims to make crypto trading easier while also lowering slippage.
Across various chains, the 123swap platform offers a number of DeFi solutions for blockchain assets:
● NFT Minting
● Yield Farming
Platform users can do peer-to-peer transactions across any chain using the cross-chain value exchange mechanism.
The goal of 123 swap is to create the next-generation financial ecosystem by using blockchain technology and expanding the usage of cryptocurrencies for purchase and payment throughout the financial industry.
Source: Plato Data Intelligence