SOLANA-BASED DEFI, AIRDROPS PROPEL CRYPTO WALLET PHANTOM’S USER BASE TO NEW HEIGHTS

Summary from the TLDR Crypto newsletter

Crypto wallet Phantom has seen its active user base increase by 220% to 3.2 million monthly in the past year, bolstered by attention from massive airdrops in the Solana ecosystem. The popularity of Solana memecoins and Phantom’s especially smooth interface as an entry point to crypto contributed to the boom. Phantom's CEO is planning for further growth before turning attention to revenue. They anticipate that crypto wallets will do more than simply buy, hold, and sell crypto in the future.