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Solana-based DeFi, airdrops propel crypto wallet Phantom’s user base to new heights

Phantom, a crypto wallet heavily used in the Solana ecosystem, has seen its active user base more than triple over the past year, its CEO and co-founder Brandon Millman exclusively shared with TechCrunch. In January 2024, Phantom hit 3.2 million monthly active users (MAUs), up 220% from 1 million one year ago, and recorded 941,000 installs, 463.5% more than 167,000 installs during the same time frame, Millman said. “These numbers are essentially our peak” and outperformed usage and metrics from the previous crypto bull market in 2021 and early 2022, he added. Solana-focused decentralized finance (DeFi) Jito Network and decentralized aggregator Jupiter.

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