Solana’s (SOL) Phantom Wallet Hits One Million Active Users, SOL Also Reaches New All-Time High

Solana’s (SOL) Phantom Wallet Hits One Million Active Users, SOL Also Reaches New All-Time High

Solana (SOL) native crypto pockets, Phantom, has hit over a million energetic customers because the Solana Blockchain continues to see an increase in recognition.

Phantom introduced earlier this week that the pockets had lastly damaged over a million energetic customers. An spectacular feat for a pockets that has solely been round for a few months. 

Phantom operates as a web-based pockets for customers to soundly and simply “retailer, ship, obtain, stake and swap tokens on the Solana blockchain.”

Growth of NFTs triggering Phantom recognition 

With the latest recognition of non-fungible tokens (NFTs) over the previous a number of months, Ethereum-based NFT platform OpenSea had loved the lion’s share of NFT buying and selling. At one level, the platform was eclipsing $1.5 billion in month-to-month buying and selling quantity. NFT mania has slowly shifted to different blockchains that permit for decrease transaction charges, one thing that ethereum doesn’t at present supply. 

The Solana ecosystem shortly turned the second hottest blockchain for NFT buying and selling. Similar to the favored ethereum pockets used for buying and selling NFTs on the ethereum market, MetaMask is the go-to pockets. With the pockets lately reaching ten million month-to-month customers. 

Phantom basically turned the go-to pockets for the Solana blockchain and NFT buying and selling. The intuitive pockets permits customers to simply transact on NFT platforms, whereas additionally permitting customers to preview their NFTs within the pockets. Something not supplied on MetaMask. 

The NFT craze has seen over $500 million in volume for secondary sales on the Solana blockchain. The most notable a part of that statistic is that it was achieved in solely three months. 

Phantom has managed to succeed in over a million energetic customers, that are described by Phantom as “somebody who manually opens the pockets or interacts with a Dapp similar to signing a transaction or connecting to it.”

Solana (SOL) continues to climb 

While the Solana ecosystem continues to see enormous progress available in the market, Solana (SOL) has additionally seen an enormous improve in value. SOL has most lately managed to leap-frog each Cardano (ADA) and Tether (USDT) to take the fourth spot by market capitalization. SOL lately broke it’s all-time excessive as soon as once more, touching $260. 

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