Key takeaways
Phantom wallet is a multichain, non-custodial wallet originally built for Solana but now supports Ethereum, Polygon, Bitcoin and other networks, making it a versatile choice for crypto users.It offers built-in features like token swapping, staking and NFT management.Security features such as encryption, biometric authentication and hardware wallet integration are provided, but users must safeguard their secret recovery phrase to prevent unauthorized access.Transaction fees vary by blockchain, with Solana remaining cost-efficient, while Ethereum fees fluctuate based on network congestion; Phantom helps optimize gas costs automatically.
If you’re managing assets on Solana, chances are you’ve heard of Phantom Wallet — it’s the go-to choice for many users. Over the years, it has evolved beyond Solana and now supports the Ethereum, Polygon and even Bitcoin blockchains, making it a versatile multichain wallet.
Whether you’re a decentralized finance (DeFi) enthusiast, a non-fungible token (NFT) collector or just getting started with crypto, Phantom provides the tools and security you need — all wrapped in an intuitive interface.
This article will walk you through everything you need to know about Phantom Wallet, from setup to advanced features.
What is Phantom Wallet?
Phantom Wallet is a non-custodial cryptocurrency wallet that has become a cornerstone of the Solana ecosystem, offering users a platform to manage their digital assets. Beyond basic functionalities such as storing, sending and receiving tokens, Phantom enables users to stake Solana (SOL) tokens, interact seamlessly with decentralized applications (DApps), and manage NFTs.
As of January 2025, Phantom boasts notable metrics in the crypto ecosystem:
User base: Over 15 million monthly active users.Transaction volume: Facilitated $20 billion in annual swap volume and processed 850 million onchain transactions — that’s more than 2 million a day!Asset management: Holds $25 billion in self-custody assets within its wallets.
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