Phantom Wallet | Solana, Build Crypto Apps That Scale

Solana price rise

The “Ethereum killer” is now among the top 5 crypto assets after its market cap rose to over $74 billion during the weekend. During this meteoric rise, the asset was able to flip Cardano and Tether to now sit fourth on the list.
Per data from CoinMarketCap, Solana has seen its value rise by 18% within the last seven days. Though, some of the gains have been lost within the last 24 hours as its value dropped by almost 4%; however, it is still trading for $245 as of press time.
Interestingly, we reported that analysts in a recent survey have predicted that the asset could rise to $250 before the end of the year.

There is no denying the fact that NFTs have become more mainstream than they used to be in previous times. While Ethereum-based tokens still dominate the space, those built on the Solana blockchain have begun a rise of their own.
Phantom, thus, is to Solana what MetaMask is to Ethereum —a wallet that users of the networks can use to easily trade their NFTs and also to store, send, receive, stake, and swap their holdings.
The continued NFT mania amongst crypto enthusiasts has seen the transaction volume of secondary sales on Solana rise over $500 million within three months, placing it among the top ecosystems based on NFT sales.
Describing its active users, Phantom wallet wrote that they are “someone who manually opens the wallet or interacts with a Dapp such as signing a transaction or connecting to it.”
Though it is still a long way behind the numbers MetaMask is able to pull, Phantom’s current success is notable when you consider the fact that the wallet has only been in operation for less than a year.

After gaining more than 2 million monthly active users in just six months after launch, Phantom is the fastest growing crypto wallet and has a unique opportunity to become the mainstream, user-friendly gateway to Web3. Today, we are excited to announce Phantom’s $109M Series B led by Paradigm with participation from past investors including a16z, Variant, Solana Ventures, and Jump Crypto.

The team at Phantom wallet is honored to work with these incredible partners and to have their trust in executing our vision to bring Web3 to the broader world. It is clear that the explosive adoption of NFTs and DeFi has underscored the tremendous role crypto wallets have in providing a user-experience that is safe, fun, and easy-to-use.

Our first step toward this vision is the launch of Phantom across mobile platforms, starting with the release of our iOS app to the public today. With an Android launch also coming shortly, we couldn’t be more excited about the potential for mobile to empower a whole new set of users and use cases for Phantom. These additional platforms will provide both promising avenues for user growth and opportunities to innovate on safety and security.

As we look towards 2022 and beyond, we will also use this financing to accelerate:

Phantom is thrilled that so many have chosen us as their crypto wallet. Collectively, our users have staked over 112.4 million SOL ($10.4 billion), swapped $1.37 billion in tokens and made 55.2M NFT, DeFI and app transactions. We know we have a great responsibility to continue building and will always act in the best interest of the community.

To download the Phantom iOS app, go to phantom.app/download-mobile

Create your website with WordPress.com
Get started