Phantom Wallet, a popular app for accessing Solana’s web3 ecosystem, has outperformed Facebook and ChatGPT in the Google Play Store rankings in the US. Ranked 11th in the free download category, the app saw around 770,000 downloads in April, surpassing Facebook and ChatGPT. Originally designed for Solana records, it now supports Bitcoin, Ethereum, and Polygon as well.
In addition, Phantom Wallet has gained attention for its rise in the Apple App Store rankings. In May, it reached third place in the utilities category, with over 7 million monthly active users in April, signaling a growing adoption trend. This increase in downloads has sparked optimism among commentators, suggesting a positive outlook for SOL, as noted by angel investor Evan Luthra.
The token was trading at just over $168 at the time of writing, reflecting a modest 1.35% increase in the last 24 hours and a 16.9% rise over the past 30 days according to CoinGecko. Furthermore, Phantom Wallet recently acquired the Bitski web browser extension to meet the increasing demand for user-friendly decentralized applications (dapps).
The acquisition aims to streamline onboarding and enhance user experience by integrating Bitski technology into the wallet. Bitski enables users to create wallets with a single email address, eliminating the need for managing private keys and phrases. Additionally, developers can embed wallet functionality directly into their apps, allowing seamless interaction with dapps.
Following the acquisition, Bitski products will be phased out from May 27, and users will receive their private keys for self-custody. Phantom and Bitski are working together on a new product that will offer integrated wallets within Solana dapps to enhance user engagement and trust.
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