Phantom

Phantom

Multi-chain crypto wallet for digital assets

About Phantom

Simplify's Rating
Why Phantom is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Crypto & Web3

Company Size

201-500

Company Stage

Series C

Total Funding

$268.5M

Headquarters

San Francisco, California

Founded

2021

Overview

Phantom.app offers a multi-chain cryptocurrency wallet that allows users to manage various digital assets across different blockchain networks without needing multiple wallets. This wallet is designed for both experienced investors and newcomers, featuring a user-friendly interface that simplifies the complexities of cryptocurrency management. Users can store, stake, and earn rewards on their tokens, and benefit from a fast, low-cost token swapping feature for trading digital assets. A key aspect of Phantom.app is its integration with major NFT marketplaces, enabling users to showcase, manage, and sell their NFTs easily. Security is emphasized through a self-custodial model, giving users full control over their funds, along with scam detection features and the option to connect a Ledger device for added protection. Unlike many competitors, Phantom.app focuses on providing a seamless experience for both crypto and NFT management, aiming to empower users in the cryptocurrency space.

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Simplify's Take

What believers are saying

  • Phantom raised $150M, valuing the company at $3 billion in 2025.
  • The addition of Sui blockchain expands Phantom's multi-chain capabilities.
  • Phantom's user base reached 15 million monthly active users in 2025.

What critics are saying

  • Increased competition from MetaMask as it expands beyond Ethereum.
  • Potential security vulnerabilities with the new Sui blockchain integration.
  • Volatility from meme coins on Solana could affect Phantom's reputation.

What makes Phantom unique

  • Phantom supports multiple blockchains, eliminating the need for multiple wallets.
  • The wallet integrates with major NFT marketplaces, enhancing user experience.
  • Phantom offers scam detection and Ledger integration for enhanced security.

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Funding

Total Funding

$268.5M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$150M
Phantom

Benefits

Competitive salary and equity.

Comprehensive insurance (medical/dental/vision) — 100% covered.

Stipend for your ideal remote / WFH set-up: laptop, headphones, and any other work gear you may need.

Flexible hours and a long-standing, supportive remote environment.

Monthly co-working space and mobile phone expense.

Unlimited vacation: Take time when you need it (and we really mean it).

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

3%

2 year growth

-1%
Decrypt
Apr 11th, 2025
New 'Black Mirror' Episode Focuses On Pump.Fun-Like Livestream Stunts

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEA desperate man commits an act of self-inflicted violence on a livestreaming site in the hopes of collecting a windfall of digital money from strangers. Sound familiar?No, we’re not talking about outrageous exploits related to meme coin trading sensation Pump.fun. Or well, not explicitly. We’re outlining the plot of an episode in the latest season of “Black Mirror.”The first installment of the hit Netflix sci-fi series’ latest season, which debuted Thursday, centers on a plot that appears ripped from true stories about the viral Solana meme coin generator.No way the first episode of Black Mirror is literally about pump fun pic.twitter.com/C5otCkSRS7 — Creep (@CreepahX) April 10, 2025The episode, titled “Common People,” weaves the tale of a cash-strapped husband who—in the aim of paying his wife’s mounting medical bills—begins livestreaming himself performing increasingly extreme acts of self-harm in return for greater sums of digital cash sent by anonymous viewers.The plot sounds an awful lot like similar incidents that have occurred in relation to Pump.fun tokens over the last year. Last summer, for instance, a budding meme coin entrepreneur set his entire body on fire in the hopes of sending his own meme coin soaring

KMBBB56
Mar 18th, 2025
How to Backup and Restore Your Phantom Wallet

Losing access to your Phantom Wallet can occur due to device failure, accidental deletion, or a security breach.

Phantom
Feb 27th, 2025
Phantom acquires SimpleHash to deliver best in class token data to users • Phantom

Phantom acquires SimpleHash, the industry-leading token data platform that provides real-time, comprehensive blockchain insights.

Decrypt
Feb 9th, 2025
What Is Phantom? A Guide To Solana’S Most Popular Crypto Wallet

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEAs cryptocurrency adoption grows, so does the need for secure, user-friendly wallets.While MetaMask dominates Ethereum, Phantom is a self-custody cryptocurrency wallet that offers a multi-chain solution, supporting Solana, Ethereum, Base, Polygon, and Bitcoin. With built-in send, receive, buy, and swap features, it eliminates the need for a centralized exchange, making asset management seamless.What is Phantom?Launched in 2021, Phantom is a non-custodial cryptocurrency wallet originally designed for the Solana blockchain. It allows users to store, send, and receive Solana-based tokens including Official Trump, Pudgy Penguins, Bonk, and Dogwifhat.Phantom also provides access to decentralized applications and websites such as NFT marketplaces like OpenSea and Magic Eden.Initially launched as a desktop browser extension, Phantom expanded to mobile with an iOS app in January 2022 and an Android version in April 2022.In May 2023, Phantom added support for the Ethereum blockchain and Polygon scaling framework. By December 2023, it further expanded to include the Bitcoin blockchain, supporting Ordinals and BRC-20 tokens.How to Use Phantom1. How to install PhantomTo use Phantom as a browser extension, download and install the official extension for your preferred browser

Pulse 2.0
Jan 30th, 2025
Phantom Raises $150M at $3B Valuation

Phantom, a multichain wallet company, raised $150 million in Series C funding at a $3 billion valuation. The round was co-led by Sequoia Capital and Paradigm, with participation from a16z crypto and Variant. Phantom aims to accelerate crypto adoption and become a leading consumer finance platform. The company boasts 15 million monthly active users, $20 billion in annual swap volume, and $25 billion in self-custody assets. CEO Brandon Millman emphasized their mission to make crypto more accessible.

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