Phantom, a crypto wallet heavily used in the Solana ecosystem, has seen its user growth more than triple over the past year.

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Phantom, a crypto wallet in the Solana ecosystem, has experienced significant growth in its user base due to Solana-based DeFi and airdrops. The platform reached 3.2 million monthly active users, a 220% increase from the previous year. Airdrops by Jito Network and Jupiter, together with the rise of crypto wallets as the new entry point to crypto, have contributed to the increased user activity. Phantom aims to be a safe access point for web3 experiences and is focused on user growth rather than revenue generation.

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