- The crypto and NFT wallet Phantom beat out PayPal, Venmo, Zelle and others in the Google Play store for free finance apps
- Phantom hit the No. 2 spot for free finance apps, behind Cash App but ahead of TON Wallet, Chime, Venmo, Zelle, Google Wallet and Capital One Mobile
- Phantom is a non-custodial hot wallet originally built on Solana but has added support for Ethereum, Polygon, Bitcoin, Bitcoin Ordinals and BRC-20 tokens
The crypto wallet Phantom has surpassed payment giants like PayPal and Venmo to become the #2 finance app in the Google Play store. This impressive ranking demonstrates the rising popularity of cryptocurrencies and blockchain technology.
Phantom’s Google Play Popularity
The Phantom wallet app has over 5 million downloads and ranks as the #2 free finance app, behind only Cash App but ahead of TON Wallet, Chime, Venmo, Zelle, Google Wallet, and Capital One Mobile. Overall, Phantom ranks #14 in the Google Play store, beating out apps like Indeed, Threads, Tubi, and Max.
Features of the Phantom Wallet
Originally built for Solana, Phantom is a non-custodial hot wallet similar to MetaMask and Rainbow. In 2023, Phantom added support for Ethereum, Polygon, Bitcoin, and other major blockchains and tokens. Users can securely store, send, and receive cryptocurrencies and NFTs with Phantom.
Phantom’s Recent Growth
Phantom raised $109 million in a Series B round in January 2022, giving it a $1.2 billion valuation. Earlier this week, Phantom acquired the crypto wallet Bitski, which was backed by Paradigm, a16z crypto, Galaxy Digital, and other investors.
Phantom’s Future
With its top ranking and continued growth, Phantom is cementing itself as a leading crypto and Web3 wallet. Its convenience and multi-chain support have made it a popular choice for both new and experienced cryptocurrency users. Phantom’s success demonstrates the wider adoption of crypto wallets and decentralized finance.
