# Phantom

> Source: https://docs.barcoder.ai/docs/wallets/phantom
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Phantom — official](https://phantom.app/)

## Overview

**Phantom** is **Solana's native self-custody wallet expanded into multi-chain Web3 hub**, operated by **Phantom Inc.** (US) <sup>[1][1], [2][2]</sup>. By **mid-2025**, Phantom reached **15+ million monthly active users + $25+ billion in self-custodied assets** with a **$3 billion valuation** (Series C led by **Sequoia Capital + Paradigm**). Originally **Solana-only browser-extension wallet (2021)**, Phantom has **multi-chain expanded to 6 blockchains: Solana, Ethereum, Bitcoin, Polygon, Base, Sui** — competing directly with MetaMask + Trust Wallet.

**Adoption trajectory**: **+150% increase in adoption since 2023** as users prioritize self-custody solutions; significant beneficiary of **Solana ecosystem growth + meme-coin explosion**.

## History

**July 2021 — Phantom launches** <sup>[2][2]</sup> as Solana browser-extension wallet during Solana NFT-summer + DeFi boom.

**2022-2023 — Mobile-app launch + multi-chain expansion (Ethereum, Polygon)** <sup>[2][2]</sup>.

**2024 — Bitcoin + Base + Sui chain additions** <sup>[2][2]</sup>: Full multi-chain breakout.

**2025 — Series C at $3B valuation led by Sequoia + Paradigm** <sup>[3][3]</sup>: Major funding milestone.

**Mid-2025 — 15M+ MAU + $25B+ self-custodied assets** <sup>[1][1]</sup>.

## Ownership & operator

**Operating entity**: **Phantom Inc.** (US-based).

**Major investors (Series C)**: **Sequoia Capital + Paradigm** (Series C lead); a16z, Variant, others (earlier rounds).

**Valuation**: $3 billion (2025 Series C).

**Regulator**: Non-custodial — users hold own private keys.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Browser extension (Chrome/Firefox/Edge/Brave) + mobile app (iOS + Android) |
| **Supported chains** | **6 chains: Solana (native), Ethereum, Bitcoin, Polygon, Base, Sui** |
| **Identifiers** | Blockchain addresses |
| **Distinctive features** | Solana-native UX (best Solana wallet experience) + multi-chain expansion + cross-chain token swapping + NFT management + Web3 dApp browser |
| **Self-custody** | Standard seed-phrase + biometric on device |

## Users & growth

**2025** <sup>[1][1], [3][3]</sup>:
- **Monthly active users**: 15+ million
- **Self-custodied assets**: $25+ billion
- **Adoption growth since 2023**: +150%
- **Valuation**: $3 billion (Series C 2025)

## Use cases

Solana ecosystem (DEX swapping via Jupiter, NFT trading via Magic Eden + Tensor); multi-chain DeFi; cross-chain swapping; Solana validator staking; NFT storage + trading; Web3 dApp browsing; meme-coin trading (substantial Solana use case).

## Implementations & partners

**Operator**: **Phantom Inc.**

**Major investors**: **Sequoia Capital + Paradigm + a16z + Variant**.

**Valuation**: **$3 billion (2025 Series C)**.

**Solana ecosystem integration**: Default wallet for most Solana dApps (Jupiter, Magic Eden, Marinade, Drift, etc.).

**Major competitors**: **MetaMask** (143M users), **Trust Wallet** (200M+), **Solflare** (Solana competitor), **Backpack** (Solana competitor), **[Coinbase Wallet (Smart Wallet)](https://docs.barcoder.ai/docs/wallets/coinbase-wallet)** (3.2M MAU).

## Fun facts

- **July 2021 launch** during Solana NFT-summer + DeFi boom.
- **15M+ MAU + $25B+ self-custodied assets (mid-2025)**.
- **$3 billion valuation (2025 Series C)** led by **Sequoia + Paradigm**.
- **+150% adoption growth since 2023**.
- **Solana-native heritage but now 6-chain multi-chain** (Solana + Ethereum + Bitcoin + Polygon + Base + Sui).
- **Default wallet for most Solana dApps** — Jupiter, Magic Eden, Marinade, others.
- **Major beneficiary of Solana meme-coin explosion** (2024-2025).
- **3rd-place US self-custody wallet download share** behind Trust Wallet + MetaMask.

## Comparison

| Feature | Phantom | MetaMask | Trust Wallet | [Coinbase Wallet (Smart Wallet)](https://docs.barcoder.ai/docs/wallets/coinbase-wallet) | Solflare |
|---|---|---|---|---|---|
| Operator | **Phantom Inc.** | ConsenSys | Independent (post-May 2025) | Coinbase Global (NASDAQ: COIN) | Solrise Finance |
| Heritage | **Solana-native (Jul 2021)** | Ethereum-native (Sep 2016) | Mobile-first multi-chain (Nov 2017) | Multi-chain (Aug 2017) | Solana-native |
| Chains | **6 (Solana + Ethereum + Bitcoin + Polygon + Base + Sui)** | 7+ (Ethereum + EVM + Solana + Bitcoin + Monad + Sei) | 70+ | Multi-chain | Solana + extensions |
| MAU | **15M+** | 30M+ | 115M+ active | 3.2M | Smaller |
| Valuation | **$3B (Series C 2025)** | n/a (ConsenSys subsidiary) | Independent (private) | NASDAQ-listed (Coinbase) | Private |
| Distinctive | **Solana-heritage + multi-chain breakout + meme-coin trading** | mUSD + Web3Auth | 70-chain breadth + Buy+ | Smart Wallet (ERC-4337) + Base L2 | Solana-specialist |

## Status

**Active, leading Solana + multi-chain self-custody** <sup>[1][1], [3][3]</sup>:
- **Phantom Inc.** since July 2021 launch.
- **15M+ MAU + $25B+ self-custodied assets**.
- **$3 billion valuation (2025 Series C, Sequoia + Paradigm lead)**.
- **6 chains** (Solana native + Ethereum + Bitcoin + Polygon + Base + Sui).
- **+150% adoption growth since 2023**.

## Sources

[1]: https://www.gate.com/crypto-wiki/article/what-is-a-phantom-wallet-a-guide-for-solana-users-in-2025 "Phantom Solana 2025 — Gate"
[2]: https://wundertrading.com/journal/en/reviews/article/phantom-wallet-review "Phantom Wallet Review — Wundertrading"
[3]: https://www.bitget.com/news/detail/12560605118861 "Phantom $3B valuation multi-chain — Bitget"
[4]: https://coincub.com/phantom-wallet-review/ "Phantom Wallet Review — Coincub"

- [1] [Phantom Solana 2025 — Gate][1]
- [2] [Phantom Wallet Review — Wundertrading][2]
- [3] [Phantom $3B valuation multi-chain — Bitget][3]
- [4] [Phantom Wallet Review — Coincub][4]

## Source

Biography extracted from [phantom.md](https://docs.barcoder.ai/source/wallets/phantom). See `matrix.md` for standards-support matrix if present.