Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help DeFi users access decentralized applications across multiple blockchains. The raise comes on the heels of a successful beta launch in April of this year that saw 40,000 new Phantom users. The company also secured $500,000 in grants from Serum and Solana during the beta phase.
Brandon Millman, Phantom’s co-founder and CEO, said his platform enables users to easily access decentralized exchanges and nonfungible token platforms, explaining: With the world moving into a multi-chain future, the strong interest from the participants in our beta group indicates that our team has designed a DeFi wallet for the masses, one that’s in a unique position to provide value to users unlike any other related product on the market.
Cryptocurrency wallets are the first point of contact for DeFi users, but the steep learning curve around their use may be impacting broader mainstream adoption. Phantom has prioritized simplicity in onboarding more wallet users. The Phantom application can be installed as a browser extension on Google Chrome, Microsoft Edge, Brave and Firefox.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
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Bitcoin predictions | 84.8% | 16 | $41 576.95 | 5.30% | 12.15% | $813 278 074 420 | ||
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Ethereum predictions | 84.8% | 27 | $2 235.52 | 3.52% | 10.36% | $268 783 743 289 | ||
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Tether predictions | 90.8% | 1 | $1.000270 | 0% | -0.01% | $89 671 794 426 | ||
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Binance Coin predictions | 82% | 26 | $228.99 | 0.40% | 1.18% | $34 736 943 859 | ||
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XRP predictions | 79.6% | 30 | $0.619161 | -1.50% | 2.49% | $33 365 715 637 | ||
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Solana predictions | 65.2% | 67 | $61.81 | -2.64% | 12.13% | $26 228 006 615 | ||
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USD Coin predictions | 96% | 1 | $0.999862 | 0% | -0.03% | $24 495 724 959 | ||
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Cardano predictions | 83.2% | 28 | $0.401317 | 1.98% | 5.17% | $14 170 456 557 | ||
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Dogecoin predictions | 77.2% | 39 | $0.087341 | 3.07% | 10.22% | $12 410 677 949 | ||
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Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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TRON predictions | 84.8% | 19 | $0.103487 | 0.21% | -0.87% | $9 160 263 969 | ||
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Wrapped TRON predictions | 84% | 21 | $0.103391 | 0.15% | -1.06% | $9 151 745 199 | ||
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Chainlink predictions | 75.2% | 43 | $15.58 | -2.52% | 8.92% | $8 673 186 738 | ||
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Toncoin predictions | 85.2% | 20 | $2.42 | 0.07% | 1.16% | $8 291 917 227 | ||
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Avalanche predictions | 56.8% | 87 | $21.88 | -0.53% | 6.31% | $7 991 965 891 |
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