Originally published on: November 20, 2024
Phantom, the digital asset wallet, has secured the second spot in the utilities category of the Apple App Store in the United States, making waves in the crypto space.
Recent data from the App Store revealed that Phantom has soared to become the second most popular app in the utilities section, trailing behind Google. This achievement places Phantom ahead of renowned applications like Google Chrome, Google Authenticator, Microsoft Edge, My Verizon, and Amazon Fire TV.
Phantom is a highly regarded non-custodial wallet within the Solana ecosystem, catering to users interested in managing various networks and non-fungible tokens (NFTs). With advanced security features like a fraud detection system and integration with Ledger hardware wallets, Phantom offers users a secure and seamless experience.
The rise of Phantom in the Apple App Store indicates a significant milestone for Web3, signaling its penetration into the mainstream market. This milestone aligns with the increasing popularity of decentralized applications (DApps) on Solana, driving a surge in fee generation across the network.
According to DefiLlama data, five of the top 10 protocols by fees were on Solana. Leading the pack, the liquid staking protocol Jito garnered $9.87 million in fees, while the Solana-based automated market maker Raydium recorded $11.3 million in fees on Nov. 17. Additionally, Telegram trading bot Photon and memecoin launchpad Pump.fun generated $2.36 million and $1.65 million in fees, respectively.
While Phantom basks in its App Store success, the wallet provider recently addressed an update issue that temporarily locked out some users from their wallets. In response, Phantom rolled out a new iOS update to mitigate the bug and prevent further disruptions, acknowledging instances of app resets affecting certain users. Although Phantom cannot recover lost seed phrases due to its non-custodial nature, affected users were encouraged to seek assistance from the support team.
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