Record Funding Highlights
Phantom Wallet raised $150 million in a Series C round, reaching a $3 billion valuation. Sequoia Capital and Paradigm led the funding, with a16z and Variant participating, marking the largest crypto wallet funding round of 2025 so far.Scaling User Adoption
With 15 million monthly active users and $25 billion in self-custody assets, Phantom is becoming a leading choice for crypto holders. It was ranked ninth among top free iPhone apps in November 2024, showcasing its growing consumer appeal.Vision for Crypto Finance
CEO Brandon Millman emphasized a shift toward self-custody wallets, noting that users increasingly prefer to manage assets directly rather than relying on centralized platforms. The new funds will support Phantom’s mission to drive mainstream crypto adoption and build trust in decentralized finance.Strengthening Solana’s Ecosystem
Phantom, the dominant wallet on the Solana blockchain, has capitalized on the network’s speed and low fees. The company plans to expand its capabilities, enhancing user experience and integrating with more blockchains in 2025.
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