Phantom Pockets, a broadly used app for accessing Solana’s web3 ecosystem, has surpassed Fb and ChatGPT within the Google Play Retailer’s U.S. rankings.
At the moment ranked #11 behind Money App and Snapchat within the free obtain class, Phantom Pockets noticed an estimated 770,000 downloads in April, in keeping with information from appfigures, putting it forward of social media large Fb and OpenAI’s language mannequin ChatGPT.
Phantom Pockets is a self-custodial crypto pockets initially designed to carry solely Solana (SOL) tokens. Nevertheless, it has since been expanded to help Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC).
Phantom Pockets shines on Apple App Retailer
It isn’t the primary time the pockets has been within the information for climbing app retailer rankings. On Could 19, Phantom secured the third place within the Apple App Retailer’s utility class, simply behind Google and Google Chrome.
It additionally reported greater than 7 million energetic month-to-month customers for April, a growth usually interpreted by the crypto group as an indication of rising adoption.
This surge in downloads has additionally sparked optimism amongst commentators, who counsel it would point out a bullish pattern for SOL, as exemplified by the angel investor, Evan Luthra.
On the time of writing, the token was buying and selling simply above $168, marking a modest 1.35% enhance within the final 24 hours and a 16.9% leap over 30 days, in keeping with CoinGecko.
Phantom Pockets acquires Bitski
Phantom’s rising reputation has coincided with information of its acquisition of the web3 browser extension Bitski amidst growing demand for user-friendly decentralized purposes (dapps).
Monetary particulars of the deal stay undisclosed.
Phantom outlined plans to combine Bitski’s browser extension into the its pockets to simplify onboarding and enhance person expertise.
Bitski’s know-how permits customers to create wallets utilizing simply an e mail tackle, eliminating the necessity to handle phrases and personal keys. Moreover, Bitski allows builders to embed pockets performance immediately into their purposes, permitting customers to work together with dapps with out leaving the app.
Following the acquisition, Bitski merchandise, together with its pockets, might be phased out beginning Could 27, with Bitski customers capable of acquire their personal keys for self-custody. Phantom and Bitski are reportedly collaborating on a brand new product that may function embedded wallets inside Solana dapps in a bid to reinforce person interplay and belief.