Wallet Phantom Integrated With Dydx, Make Access Easier For 7 Million Users

The leading decentralized finance (DeFi) platform, Dydx, has just announced integration with Phantom Wallet, Solana-based non-custodial wallet. This integration aims to facilitate access to more than 7 million Phantom users, in line with Dydx's vision of expanding participation in decentralized trading. This move not only strengthens Dydx's position in the DeFi market, but also demonstrates their commitment to continuing to innovate and provide the best experience for users.

With this integration, Phantom users can easily connect their wallets and directly trade on Dydx platforms. This innovation is part of Dydx's strategy to improve user experience by supporting various non-custodial wallets, such as Metamask and Coinbase Wallet. This is expected to attract more users to join and participate in the growing DeFi ecosystem.

Reporting from News Bitcoin, Charles d'Haussy, CEO of the Dydx Foundation, stated that after Dydx integrated Raydium Solana's marketplace into their platform, including Phantom Wallet became the next logical step. This provides direct access for 7 million Phantom users to Dydx's professional DeFi trading protocol, "he explained. DHaussy also added that this integration will open up new opportunities for users to take advantage of the various advanced features offered by Dydx.

Known for its user-friendly design, Phantom Wallet is expected to simplify trading processes on Dydx. In addition, this integration is also carried out ahead of the launch of a large Dydx update, known as Dydx Unlimited. The update promises new features, such as a licensed key (permissioned key) and increased liquidity through the Megavault system. These features are expected to improve trading efficiency and security on the Dydx platform, providing added value for users.

For additional information, Dydx has launched its own blockchain network, Dydx Chain, in October 2023, and has continued to bring various updates since then. The platform's original token, DYDX, shows a positive performance with an increase of 5.4% in the last 24 hours, 11.1% in the week, and 18.2% in the last two weeks. As of September 26, 2024, DYDX has a market valuation of around 669 million US Dollars (Rp10 trillion), making it one of the 120 largest cryptocurrencies in the world.

The integration between Phantom Wallet and Dydx not only offers convenience for users, but also shows Dydx's ongoing efforts to deliver more inclusive and innovative trading services in the DeFi sector. With more and more users being able to access this platform, Dydx hopes to encourage wider DeFi adoption and make a positive contribution to the overall crypto ecosystem.