Phatom Wallet to Roll Out a Mobile App, Aims to Expand Solana Ecosystem

Phantom is one of the most popular and used wallets in the Solana ecosystem. Today, the company revealed they will be releasing a mobile version of their wallet as well.

Phantom Rolling Out a Mobile App

Phantom is a non-custodial cryptocurrency wallet built for the Solana ecosystem, and it’s one of the most popular apps in the field.

According to a press release shared with CryptoPotato, the team will also be expanding its reach upon crossing 1 million weekly active users and releasing a mobile app as well.

Speaking on the matter was Brandon Millman, co-founder, and CEO of Phantom, who said:

We’re expanding as quickly as we can to meet the new inflow of demand for applications built on Solana. With this launch, we’re giving existing and new users the opportunity to use a solid crypto wallet on-the-go. This means they can mint NFTs, stake tokens, and more, while not being tied to their computers, which carries considerable weight considering how fast the Solana ecosystem currently moves.

The release also informed that Phantom will be launching other products as well that fall in line with what the users in the space are currently in need of.

The Growing Solana Ecosystem

Solana is undoubtedly one of the fastest-growing ecosystems in the field. Data from DeFi Lama shows that the total value locked within Solana-based decentralized protocols currently sits at $15.25 billion.

TVL in Solana. Source: DeFi Lama

All of this comes on the back of substantial growth in the broader Solana community and development field. The price is also reflecting this. At the time of this writing, SOL is trading at just shy of $250, up 21% on the week and over 11,300% over the past year.