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TLDR;

• Phantom wallet extends to EVM chains, posing a threat to MetaMask’s market share.
• MetaMask’s slow development could cost them their leading position in the EVM wallet space.
• Phantom’s sleek design and user-friendly features give it a competitive edge over MetaMask.
• The crypto community is buzzing about Phantom’s potential to revolutionize the wallet landscape.

Phantom emerges as a contender

MetaMask has long been the go-to wallet for Ethereum and other EVM-based blockchains, dominating the market in part due to its compatibility with essential ConsenSys developer tools such as Truffle, Hardhat, and Infura. But with the recent release of Phantom’s EVM chain wallet, the landscape may be on the verge of a significant change.

As MetaMask’s development has slowed, competitors like Phantom have been quick to seize the opportunity and present a more polished product. According to a 2021 report, MetaMask had passed 10 million monthly active users, demonstrating its strong hold on the market. However, this move may be tested as Phantom, which originally made a name for itself on the Solana blockchain, expands its wallet offering to include EVM chains.

With a sleek and user-friendly experience, it is not far to imagine Phantom taking a significant share of the market previously dominated by MetaMask. A recent update from Phantom’s official Twitter account highlighted the new features and integrations that could shake up the EVM wallet space.

The crypto community has been buzzing about Phantom’s latest release, with many users praising its seamless interface and innovative features. In contrast, MetaMask has been criticized for its slow development and lack of significant updates in recent times. As the demand for better wallet experiences grows, the shortcomings of MetaMask become more apparent, potentially leading to a change in user preferences.

As the blockchain and cryptocurrency industry continues to expand and evolve, it is critical for companies like MetaMask to stay ahead of the curve. With the rise of strong competitors like Phantom, MetaMask may need to step up its game to maintain its position as the leading EVM wallet. As more users try out Phantom and compare it to MetaMask, only time will tell if a new leader will emerge in the wallet.

What is MetaMask:

MetaMask is a cryptocurrency wallet that allows users to interact with decentralized applications on smart contract blockchain networks such as Ethereum and BNB Chain. Used as a browser extension and as a mobile app, it equips users with a key vault, secure login, token wallet and token exchange.

Where to find MetaMask:

Website | GitHub | Twitter |

What is Phantom:

Phantom is a digital wallet redesigned for DeFi, making it safe and easy to store, send, receive, collect and exchange tokens on the Solana blockchain. With its upcoming multi-chain rollout, Phantom is set to change the game for Web3 users across the board, offering alternatives to Ethereum, Polygon and Solana without switching wallets.

Where to find Phantom:

Website | Twitter |