Introduction
Phantom Wallet is a non-custodial wallet originally created for the Solana network, after which it was updated and now, in addition to Solana, can support Ethereum and Polygon. The wallet is supported on Android and iOS mobile devices, as well as in Chrome, Firefox and Opera browsers on PCs as an extension.
Security is ensured through independent auditing, trustless private key management, Ledger cold wallet support, and a seed phrase.
The number of users increased noticeably after the development team announced at the beginning of 2022 that they would introduce support for Ethereum and ERC-20, with a goal of full compatibility with the EVM chain by the end of 2023.
Phantom Wallet Features
Considering that the wallet was originally developed for one Solana network, it has many functions for Solana token holders:
– Solana staking has an APY ranging from 5% to 9%
– NFT storage powered by Solana
– Integration with many decentralized applications in the Solana ecosystem.
Conclusion
The Phantom wallet is a good choice for Solana owners and users of their ecosystem, while it is gaining momentum in the Ethereum and Polygon ecosystems, and if it strives to adapt all its functions to other networks, the growth in popularity is unlikely to be stopped.