Phantom Wallet successfully completed a $150 million Series C funding round, raising its valuation to $3 billion. The round was co-led by Sequoia Capital and Paradigm with participation from existing investors.
Strengthening DeFi Position
The funds raised will help Phantom accelerate crypto adoption and strengthen its position in the growing decentralized finance (DeFi) ecosystem. The wallet currently boasts 15 million monthly active users and manages $25 billion in assets.
Strategic Service Expansion
With the new funding, Phantom plans to make substantial investments in expanding its crypto ecosystem. A key focus will be on strengthening partnerships, acquiring new technologies, and building the next-generation consumer finance platform.
Broadening Support Beyond Solana
Initially focused on the Solana blockchain, Phantom Wallet has expanded its support to include multiple networks such as Ethereum, Coinbase’s Base, and the Sui protocol.
Phantom Wallet continues to push boundaries in the crypto space, strengthening its position and expanding support across various blockchain networks, leading to significant growth and community backing.
