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Phantom Wallet integrates with Dydx for 7 million users

Phantom Wallet integrates with Dydx for 7 million users

GrafaGrafa2024/09/27 00:25
By:Isaac Francis

Dydx (CRYPTO:DYDX) has announced its integration of Phantom Wallet into its decentralised finance platform.

This integration aims to simplify access for over 7 million Phantom users, encouraging participation in decentralised trading.

Phantom Wallet users can now connect their wallets seamlessly to trade on Dydx's decentralised exchange.

This move is part of Dydx's strategy to enhance user experience by supporting various non-custodial wallets, including Metamask and Coinbase Wallet.

“Following the integration of Solana’s Raydium markets into Dydx, integrating the Solana wallet, Phantom, was a logical next step,” stated Charles d’Haussy, CEO of the Dydx Foundation.

He emphasised that this integration gives Phantom’s 7 million users direct access to Dydx’s trading protocol.

Phantom's user-friendly design is expected to facilitate a smoother trading experience on Dydx's platform.

This integration aligns with Dydx’s preparations for its upcoming update, Dydx Unlimited, which will introduce new trading features such as permissioned keys and enhanced liquidity through its Megavault system.

In October 2023, Dydx launched its own blockchain network, the Dydx Chain, implementing various updates since then.

As of September 26, the token has a market valuation of $669 million, ranking it as the 118th cryptocurrency by market cap.

At the time of reporting, the dYdX price was $1.06.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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