Phantom Wallet

Phantom Wallet launched in early 2021 with a mission to simplify crypto. The founding team—made up of engineers, designers, and former startup founders—recognized the complexity of using decentralized apps and wallets and set out to build a more accessible solution. Their initial focus on the Solana blockchain quickly gained traction thanks to Phantom’s sleek design, fast performance, and ease of use. With 40,000 beta testers and early community input, the platform officially launched to the public and quickly became the default wallet for Solana users.

In June 2021, Phantom introduced an in-app token swap feature, removing the need to visit third-party decentralized exchanges. This feature proved highly successful, with over $1 billion in swap volume recorded by October 2021. As its user base grew, Phantom secured a Series A round led by a16z, followed by further funding milestones, including a massive $150 million Series C in 2025, co-led by Sequoia Capital and Paradigm. These investments pushed Phantom’s valuation to $3 billion, cementing its position as one of the most trusted crypto wallets globally.

What distinguishes Phantom from other wallets like MetaMask, Trust Wallet, or Rainbow is its focus on design-first user experience across multiple blockchain ecosystems. Phantom isn’t just a Solana wallet anymore—it’s now a multichain tool built for the future of crypto, offering one-click actions for NFTs, staking, swaps, and more. Its support for Ethereum, Bitcoin, and Base has made it a preferred choice for users looking for a streamlined, all-in-one solution.

Another major milestone was the introduction of social features in 2025, including usernames, profiles, and social transfers. These allow users to send crypto to friends and family using recognizable identities instead of wallet addresses. This move makes Phantom feel more like a modern fintech app than a traditional crypto tool, enabling real-world usability with blockchain security.

Today, Phantom Wallet continues to build a global user base with a mission to become the world’s biggest consumer finance platform powered by blockchain. It remains completely non-custodial, giving users full control over their private keys, while also integrating with hardware wallets for maximum security. Phantom is not only shaping the way we interact with crypto—it’s redefining what wallets should be in the Web3 era.

Phantom Wallet offers a rich set of features that make it a standout choice for users across multiple blockchains:

• Multichain Support: Use one wallet to manage assets across Solana, Ethereum, Bitcoin, Base, and Sui.
• Built-in Swap Functionality: Instantly swap tokens without leaving the wallet through its integrated decentralized exchange.
• User-Friendly Design: Thoughtfully designed interface that simplifies wallet setup, asset management, and dApp interactions.
• Social Features: Send and receive crypto using usernames instead of wallet addresses—making transactions feel personal and easy.
• NFT Management: View, send, receive, and manage NFTs across supported blockchains natively within the wallet.
• Hardware Wallet Integration: Connect your Ledger device for added security and peace of mind.
• Non-Custodial Security: Private keys are encrypted and stored on your device. Only you control your assets.
• 24/7 Support: A dedicated support team is available around the clock to help users with issues and questions.

Getting started with Phantom Wallet is simple and takes just a few minutes:

• Step 1 – Visit the Website: Go to phantom.com and click “Download Phantom.”
• Step 2 – Choose Your Platform: Install the browser extension (available for Chrome, Firefox, and Edge) or download the mobile app for iOS or Android.
• Step 3 – Create or Import Wallet: Set up a new wallet or import an existing one using your recovery phrase.
• Step 4 – Secure Your Wallet: Back up your secret recovery phrase and optionally connect a hardware wallet.
• Step 5 – Add Funds: Transfer crypto from an exchange or another wallet to your Phantom address.
• Step 6 – Explore Features: Use swaps, send crypto, connect to dApps, and manage NFTs across supported chains.
• Step 7 – Stay Informed: Subscribe to the newsletter and explore the Learn section for guides and tutorials.