08.12.2024
Mirjan Hipolito
Cryptocurrency and stock expert
08.12.2024

Dogecoin developer urges Phantom Wallet to add DOGE

Dogecoin developer urges Phantom Wallet to add DOGE Phantom Wallet may add DOGE

​Mishaboar, a prominent Dogecoin (DOGE) developer, has called on the Phantom Wallet team to add support for the seventh-largest cryptocurrency by market cap. He made this appeal in a post on social media platform X.

Mishaboar highlighted that while Phantom Wallet initially catered to Solana users, it has already integrated Bitcoin. Given the similarities in their Proof-of-Work consensus mechanisms, adding Dogecoin should not be overly complex.

There has been no official response from Phantom Wallet yet, but the community is optimistic about a favorable decision. If Dogecoin is integrated, it would enhance interoperability between the Solana and Dogecoin ecosystems. Solana’s low fees and high transaction speeds could bring significant benefits to DOGE users. Moreover, this integration could expand Dogecoin’s utility in decentralized finance (DeFi) and provide broader access to Solana-powered NFTs.

Why Phantom Wallet became popular

Launched in 2021, Phantom Wallet quickly gained popularity among cryptocurrency users due to its user-friendly interface, robust security features, and support for decentralized applications (dApps) and non-fungible tokens (NFTs).

Phantom Wallet is available as a browser extension for Chrome, Firefox, Brave, and Edge, as well as mobile apps for iOS and Android. Key features include built-in token swaps, one-click SOL staking, NFT support, and integration with Ledger hardware wallets.

These advantages have made Phantom Wallet one of the fastest-growing cryptocurrency wallets, attracting millions of active users monthly. Its success is closely tied to the rapid development of the Solana ecosystem and the increasing interest in NFTs and DeFi applications.

Last month, Elon Musk drew attention to Dogecoin again after sharing a DOGE-themed meme on his social media platform, reigniting discussions about his influence on the cryptocurrency.

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