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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 user growth more than triple over the past year.
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. The company, which is backed by investors like Paradigm, Andreessen Horowitz, Jump Capital and Solana, also has a “strong balance sheet,” Millman said, so it doesn’t have to focus much on revenue currently. In the past, on-chain apps have been too expensive or complicated to use, but these airdrops and the resulting influx of users show the benefit of composability, Millman added.
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