Phantom Wallet Hits Top 10 in iOS App Store Amid Rapid Climb in Rankings MARKET NEWS
Phantom cracked the top ten of the best free iPhone applications, coming in at number nine.
Phantom was ranked 377th on the iPhone App Store little over a week ago, on November 12th.
This past Wednesday, the crypto wallet platform Phantom hit an all-time high ranking in the iOS app store. For the first time ever, Phantom cracked the top ten of the best free iPhone applications, coming in at number nine.
It lagged behind the short-form video app TikTok, which took eighth place. And was ahead of the messaging network WhatsApp and social media behemoth Instagram. Which ranked thirteenth and fourteenth, respectively, among the best free applications.
Also, on Wednesday, the iOS app store ranked Google’s search engine app as the top free utility app, with Phantom coming in second. This month, Phantom’s position in the app store has been climbing at a quick pace. Phantom was ranked 377th on the iPhone App Store little over a week ago, on November 12th, according to The Block’s Data Dashboard.
Originally built on the Solana platform, Phantom is now compatible with Ethereum, Bitcoin, Base, and Polygon in addition to other digital assets. It is a non-custodial wallet and browser extension.
On November 18th, according to DefiLlama statistics, five out of the top ten protocols in terms of fees were on Solana. On November 17th, fees for the liquid staking protocol Jito came to $9.87 million, while fees for the automated market maker Raydium, based on Solana, came to $11.3 million. Bot for trading on Telegram Fees for the memecoin launchpad Pump.fun were $1.65 million, while Photon made $2.36 million.
On January 31, 2022—the same day that Phantom’s app debuted on the iOS app store—the team behind the project secured $109 million in Series B investment, resulting in a valuation of $1.2 billion.