Phantom Wallet’s decision to implement BTC ordinals support has sparked a revitalization in the Solana network.
As a result of Phantom Wallet’s decision to implement BTC ordinals support on its platform, the Solana network is experiencing signs of revitalization.
The BTC Ordinals Integration
Phantom has made an important statement on X, announcing the release of Bitcoin support from beta to all users. The unveiling has made it possible for users to gather BTC Ordinals without having to rely on centralized exchanges or wallets that are new to them.
Phantom now allows for direct and hassle-free transactions. The platform’s development team reportedly committed to enhancing the Bitcoin experience since the release of the beta version in December 2023.
Customers will be able to buy and sell Ordinals and BRC-20s through a range of applications, such as Magic Eden, Atlas 3, BTC Ordinals Wallet, and UniSat.
This is a noteworthy development because users will have the opportunity to experience more integrations on the platform. Other companies include Matrica Labs, Ordiswap, Hello, and Gamma. BeFi Labs is another.
Given that it is both inexpensive and has a high-speed network, Solana is proving to be an attractive option for these platforms. The internet payments firm PayPal has recently expanded its stablecoin, known as PYUSD, to include the Solana network it operates on.
Despite PayPal’s initial creation on the Ethereum blockchain, the adoption of Solana represents a significant expansion for the online payment network.
When it comes to the payments processing market, Solana also benefits from its industry credibility. These advantages have contributed to the development of its DeFi ecosystem, resulting in Total Value Locked (TVL) increasing to $10.18 billion, up from $3.8 billion in January.
Comprehensive Crypto Management on Solana Phantom Wallet
Among the essential key features that users of Phantom Wallet can anticipate enjoying, recursive inscriptions, such as those from Gamma, are among the most important ones.
Additionally, there is compatibility with ledgers. As a result, the mobile application and browser extension now support connecting to a ledger device. This enables users to safely manage their Bitcoin, Ordinals, and BRC-20s within a single account.
Furthermore, users are able to locate and manage uncommon sats, verify overall sat amounts, and view “satributes” for each UTXO using the Collectibles tab and its associated features. This allows users to transmit rare SAT UTXOs with just a few clicks.
In addition, Phantom provides straightforward address management, which enables either Native Segwit, Taproot, or both. Consequently, visitors are also able to examine rich Ordinals metadata, which includes essential particulars such as the inscription ID and the SAT number.
As a result of this comeback, Phantom can now make the process of transferring and purchasing Bitcoin much more straightforward.
Users now have the advantageous ability to manage Solana, Ethereum, and Bitcoin all in a single location, providing them with an experience that is both comprehensive and streamlined for all of their cryptocurrency requirements.