Phantom Wallet popular on Google Play, surpasses Facebook
Phantom Pockets, a extensively used app for accessing Solana’s web3 ecosystem, has surpassed Fb and ChatGPT within the Google Play Retailer’s U.S. rankings.
Presently ranked #11 behind Money App and Snapchat within the free obtain class, Phantom Pockets noticed an estimated 770,000 downloads in April, in accordance with knowledge from appfigures, inserting it forward of social media large Fb and OpenAI’s language mannequin ChatGPT.
Phantom Pockets is a self-custodial crypto pockets initially designed to carry solely Solana (SOL) tokens. Nevertheless, it has since been expanded to assist Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC).
Phantom Pockets shines on Apple App Retailer
It isn’t the primary time the pockets has been within the information for climbing app retailer rankings. On Might 19, Phantom secured the third place within the Apple App Retailer’s utility class, simply behind Google and Google Chrome.
It additionally reported greater than 7 million energetic month-to-month customers for April, a growth typically interpreted by the crypto neighborhood as an indication of rising adoption.
This surge in downloads has additionally sparked optimism amongst commentators, who counsel it’d point out a bullish pattern for SOL, as exemplified by the angel investor, Evan Luthra.
On the time of writing, the token was buying and selling simply above $168, marking a modest 1.35% enhance within the final 24 hours and a 16.9% soar over 30 days, in accordance with CoinGecko.
Phantom Pockets acquires Bitski
Phantom’s rising recognition has coincided with information of its acquisition of the web3 browser extension Bitski amidst growing demand for user-friendly decentralized purposes (dapps).
Monetary particulars of the deal stay undisclosed.
Phantom outlined plans to combine Bitski’s browser extension into the its pockets to simplify onboarding and enhance person expertise.
Bitski’s know-how permits customers to create wallets utilizing simply an e mail tackle, eliminating the necessity to handle phrases and personal keys. Moreover, Bitski allows builders to embed pockets performance straight into their purposes, permitting customers to work together with dapps with out leaving the app.
Following the acquisition, Bitski merchandise, together with its pockets, can be phased out beginning Might 27, with Bitski customers in a position to receive their personal keys for self-custody. Phantom and Bitski are reportedly collaborating on a brand new product that may function embedded wallets inside Solana dapps in a bid to boost person interplay and belief.
