Crypto wallets, long a painful experience, now feel a lot more like Venmo | Fortune
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Crypto wallets, long a painful experience, now feel a lot more like Venmo | Fortune
"Consider how, just three years ago, the only thing you could do with Phantom was access the Solana blockchain. MetaMask, meanwhile, was limited to Ethereum. Sure, alternatives like Coinbase Wallet offered access to more assets but, like other wallets of the time, it suffered from a ghastly interface that required users to run a gauntlet of sub-nets, confusing gas fees, and more. The experience was miserable for crypto natives. For everyone else, it was nigh impossible."
"Crypto wallets are having a moment. The latest example is Kalshi announcing an integration with Phantom to offer event contracts to the wallet's 15 million users. While the prediction market angle is intriguing (these markets are a HUGE story right now), the news also highlights the light-speed advancements taking place in the wallet realm. Consider how, just three years ago, the only thing you could do with Phantom was access the Solana blockchain."
Crypto wallets have rapidly evolved from single-chain access points into multifunctional, user-facing financial tools. Integrations such as Kalshi with Phantom expose millions of wallet users to event contracts and prediction markets. Early wallets forced users through complex interfaces, sub-nets, and confusing gas fees, which limited mainstream adoption. Developers have pushed technical complexity into the background while adding practical features and real-world applications. New wallets preserve decentralized custody while offering interfaces comparable to Venmo or online banking. Wallets from Coinbase, Robinhood, Exodus, and Phantom reflect a shift toward cleaner UX, integrated services, and broader mainstream utility.
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