what's phantom?
Phantom is a popular cryptocurrency wallet designed for managing digital assets across multiple blockchains, including Solana, Ethereum, Polygon, Bitcoin, Base, and Sui. It enables users to securely store, buy, sell, swap, and transfer tokens and NFTs in a user-friendly interface. Key features include cross-chain swapping to bring liquidity to Solana, embedded wallets for seamless onboarding, and integration with DeFi protocols for trading and staking. The wallet emphasizes security with seed phrase recovery and supports interactions with dApps without needing to switch networks. Phantom has over 15 million users and partners with platforms like CoinGecko for enhanced data and safety features.
Phantom raised $150M in 2025 and has 30k+ CASH stablecoin holders on Solana.
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x.com/phantomRaised $150M in funding during 2025.
Achieved over 30,000 holders for CASH stablecoin on Solana, which is designed by Phantom and built using Open Issuance by Stablecoin and Stripe.
Joined the Phishing Defense Network as a founding partner alongside MetaMask, WalletConnect, and Backpack for real-time detection and protection against advanced phishing threats.
Predicted to IPO in 2026.
Described as the prettiest and easiest to use wallet in all of crypto in a year-end appreciation post.
Targeted by Stealka infostealer malware first detected in November 2025, which spreads via fake game mods and pirated software to steal credentials, private keys, and seed phrases from over 80 crypto wallets.
Generated $322 million in revenue in 2025, ranking 8th among crypto projects by revenue.
Reached over 2 million PSOL minted on Phantom wallet.
Integrated with Coinbase to provide AI financial advisor recommendations feature.
Privacy settings default to public, exposing all linked wallets when users create usernames, requiring manual opt-in to invisible mode to protect wallet privacy.
Launched Phantom Connect, a free SDK for developers to enable quick onboarding and make Phantom accounts detectable and available across apps.
Phantom adds Bitcoin support to its wallet platform.
Kalshi integrates into Phantom Wallet, enabling users to access and place bets on Kalshi prediction markets directly from Phantom.
Phantom rolls out Phantom Cash debit cards starting this week, launching first in the US with international support coming soon.
Phantom launches a desktop trading terminal with TradingView charts, perps trading, and cross-platform position syncing between web and mobile.
The "Predictify Everything" event takes place in Abu Dhabi with Phantom, Solana Foundation, Kalshi, and DFlow, featuring the launch of DFlow's prediction market API on Solana.
Phantom adds XRP support, enabling its users to access XRP and allowing prediction markets and perps to embed XRP.
Phantom earns over $10M from Hyperliquid builder codes and extends builder codes monetization model to Kalshi integration.
The CASH vault on Kamino, curated by Gauntlet, allocates $5M to the PRIME borrow market, delivering lending yield exposure against Figure's natively-originated HELOCs developed in partnership with HastraFi.
Phantom adds leverage trading functionality to its app, in addition to the recently launched prediction markets feature.
The Kalshi prediction market integration charges 0.85% fee for trading via Phantom, in addition to 3.5% Kalshi trading fees, 2% crypto usage fees, and 1-2% spread, totaling approximately 7.35-8.35% in combined fees.
Phantom launches prediction markets integration with Kalshi, announced at Solana Conference, allowing its 20+ million users to trade prediction markets on sports, politics, crypto, and culture directly from their wallet using any Solana token. The integration is powered by Solana and dflow, enabling self-custody of prediction market positions.
Phantom is listed as an infrastructure partner for Tempo's testnet ecosystem, alongside MetaMask, Chainlink, LayerZero, and other major infrastructure providers supporting the stablecoin-focused blockchain.
Worldcoin wallet reported as the most used self-custodial wallet at a company event, ahead of Phantom and MetaMask.
Phantom switches its default blockchain explorer from Solscan to "Orb" for Solana transactions. Dynamic (wallet infrastructure provider) adds mobile support and gasless transaction sponsorship for Phantom and other Solana wallets.
New warning layer security features are being rolled out on the platform to protect users from scams.
Oobit's tap-to-pay solution integrates Phantom wallet for mobile payments in the U.S., allowing purchases from iOS and Android devices with merchants receiving instant fiat payouts through Visa rails.
Phantom adds chat/messaging functionality to its platform.
Users report Phantom has broken Ledger hardware wallet support for Solana for several days following problematic recent updates, leading to migration away from the platform to competing wallets like Backpack and Solflare.
Hyperliquid is available on Phantom platform, cited as an example of gas abstraction functionality.
Phantom co-presents "Predictify Everything" summit with Solana Foundation, Kalshi, and dflow at Breakpoint in Abu Dhabi, focusing on onchain prediction markets.
Up to $75K in incentives are live for CASH borrows through a collaboration with Kamino on the PRIME Market, which surpassed $10M in deposits in less than 24 hours.
Phantom launches native Bitcoin swap functionality, powered by Chainflip and LiFi protocol.
Phantom partners with Hastra Fi alongside Kamino, Raydium, Chainlink, Privy and Gauntlet to bring institutional-grade lending pools with $14B+ HELOC TVL to Solana DeFi.
Phantom launches a terminal product for users.
Transaction simulation feature launches on Monad network for Phantom wallet, enabling users to see projected outcomes of transactions before execution.
Phantom co-hosts the "Predictify Everything" side event at Solana Breakpoint on December 13th, 2025 in Abu Dhabi, partnering with Kalshi and DFlow.
Phantom's Bridge-backed stablecoins will be compatible with Sui's newly launched USDsui stablecoin across the Sui ecosystem.
Phantom wallet now supports swapping Monad tokens directly within the application.
Phantom features as a top builder at SolanaConf Breakpoint, a 3-day event at Etihad Arena.
Phantom launches perpetuals trading pairs for $COIN and $HOOD tokens in-app.
Protocol revenue on Solana places Phantom outside the top 3 for the past 24 hours, with GODL ranking #3 ahead of it per Defillama.
Phantom generates $11M in monthly revenue, ranking among top Web3 protocols that earn over $10M monthly according to TokenTerminal data.
Partnership with football club Alfreton Town FC launches, offering co-branded jerseys with 15% off for Black Friday.
Users discuss switching to Umbra, a privacy-focused wallet competitor on Solana being marketed as a Phantom alternative.
Perpetuals trading (perps) is now available and functional on the platform.
Ledger hardware wallet support integration is currently broken and non-functional.
VanEck names Phantom among top five Solana builders, reporting users open the app 12 times daily on average. HyperEVM token swaps now available.
Users report technical issue where tokens become non-transferable during zero volume periods, with transfers only resuming when trading volume returns.
Phantom launches Pro Trading Terminal with mobile synchronization capabilities.
Scam alert: User reports $250,000 drain from fake Phantom support account requesting private keys through direct messages.
MoonPay hosts giveaway campaign offering thousands of dollars related to Phantom partnership.
Phantom enters new or expanded partnership with MoonPay payment infrastructure provider this week.
Phantom announces MON token distribution for Monad mainnet gas fees to users who follow both @monad and @phantom accounts and comment their Phantom username within 12 hours. MON tokens will be sent when Monad mainnet launches.
Support for HyperEVM tokens added to Phantom.
Phantom Cash Accounts launch with limited features now available to all users, allowing quick sell crypto functionality to fund accounts with CASH.
Phantom announces $CASH, a new yield-bearing asset that earns lending yield while serving as collateral for trading on Drift protocol.
One-click privacy and $RAIL integration to Phantom mentioned in devcon updates with potential end of year implementation.
Phantom Terminal launches in beta as a desktop/web trading platform featuring advanced charts, real-time data, ultra-fast execution, and mobile position synchronization. MoonPay integration provides built-in onramp functionality.
Total fees generated in 2025 reach $315M, while competitor ASTER generates $320M in the same period.
Phantom will add payment cards and virtual accounts to its platform, expanding into neobanking features alongside Revolut and Base app. (ID: 1990396301784334746)
A protocol upgrade limits trading of low market value bags, which can now only be exchanged for $G via Jupiter swap.
CASH stablecoin is identified as a Phantom stablecoin available for lending on Kamino with APY ranging from 10% to 26%.
New Phantom feature launches allowing users to trade on Hyperliquid using any Solana coins as collateral.
Phantom leads Hyperliquid builder code projects with 56.9k all-time users and generated $10M in fees over a 4-month period.
NVDA-USD perpetual contracts launch on Phantom with up to 10x leverage.
USDsui native stablecoin launches on Sui network via Bridge with Phantom interoperability support.
Phantom serves as a Headline Sponsor for BREAKPOINT 2025, a major Solana ecosystem event happening in less than one month.
Bridge (Stripe subsidiary) announces Phantom as one of the major platforms supporting interoperability for Bridge-issued stablecoins, including the upcoming USDsui launching later this year on Sui network.
Phantom rolls out Phantom Cash features accessible directly from the wallet starting today.
Phantom team discusses possibilities of both an IPO and launching a token (potential ticker $PHNTM) in an interview on The Empire Pod (Blockworks podcast), though remains non-committal on both options.
Phantom Perps releases three new features: Limit Orders for entering positions at target prices, Explore feature showing trending markets, and Charts with drag-and-drop stop loss and take profit adjustments.
Phantom crosses $20B in perpetuals trading volume on Hyperliquid platform.
Phantom ranks in top 10 protocols by monthly revenue at $3.3M, according to recent data compilation comparing major crypto protocols.
CASH token reaches $86.7M market cap in 38 days from launch.
Phantom generates over $100K in daily routing revenue from Builder Codes, outperforming competitor Rabby.
In October, Phantom generated $5.45M in revenue on Solana.
$800K in monthly rewards available across lending (11.5% APY + 1.8% KMNO), CASH-USDC LP (13% APY), and PSOL Multiply (15% APY).
Phantom submits comments to U.S. Treasury on GENIUS implementation, advocating for non-custodial wallet software providers to remain exempt from Digital Asset Service Provider obligations.
Limit orders feature goes live for Phantom Perps perpetual futures trading.
$CASH Growth Initiative Phase 2 increases monthly rewards to $800K in collaboration with Phantom, up from $600K in Phase 1.
Phantom ranks among the top 5 revenue-generating projects on Solana by weekly revenue, alongside Jupiter, Axiom, and Pump.
8 new bounties added to Solana x402 Hackathon from Phantom, Visa, Coinbase, and other sponsors.
Phantom acquires SolSniper as part of 2025's M&A activity in crypto.
The Monad airdrop reveal goes live with the official link available through Phantom's Explore tab.
Phantom joins Breakpoint '25 in Abu Dhabi as a Headlining Sponsor.
Phantom releases leaderboard showing the top 5 tokens swapped last week: BOT, Clash, USELESS, USCR, and VALOR.
CASH by Phantom reaches $72.9M in supply within one month of launch, growing from zero.
Phantom wallet integrates Hyperliquid perpetuals trading directly into its interface, allowing users to access Hyperliquid perps from within Solana's largest ecosystem wallet. Donnie from Phantom participates in a live discussion event with representatives from Base, Monad, and Lit Protocol.
The STRAND presale launches and achieves 183% oversubscription with over 7,300 SOL deposited.
Phantom collaborates with $CASH to add $100K in rewards to the $CASH Lending Vault, bringing total incentives to $200K for stablecoin lending.
Users report technical issues preventing connection to Phantom wallet and blocking transfer and sell functionality, with native seeker vault integration also affected.
Partnership announced with STRAND, a mobile web3 MMORPG that won the Colosseum hackathon and has over 40,000 players and 7,000+ content creators.
MEGA-USD (MegaETH) hyperliquid perpetuals launch with up to 3x leverage.
Hyperliquid perpetuals integration on Phantom exceeds $15 billion in trading volume within less than four months.
Phantom joins MetaMask, WalletConnect, and Backpack in launching a global real-time phishing defense network for crypto security.
Phantom Cash grows from $0m to $72m in less than 1 month.
Phantom generated $2.6M in revenue over the last 30 days from Builder Codes.
Collaboration with useCASH and Phantom provides $50K weekly CASH rewards for PSOL borrowing, and Multiply introduces 1-click leverage feature for PSOL/CASH pairs.
Phantom adds incentives to the CASH Lending Vault on Kamino, bringing total APY to 18%, among the highest stablecoin yields on Solana.