Big Solana Wallet Now Top Utility App on Apple Store Amid Bull Frenzy

• Solana wallet Phantom now ranks third among utility apps on the Apple Store in the U.S.
• The Phantom Wallet team recently celebrated attaining 7 million monthly active users.
• Phantom’s top ranking coincides with the frenzy around Solana tokens WIF and BONK garnering billion-dollar valuations.

Phantom, a non-custodial wallet based on the Solana blockchain, has recently made a significant mark. It now ranks among the leading utility mobile applications on the Apple App Store.

This noteworthy achievement was recently brought to the forefront by Evan Luthra, a widely followed Bitcoin investor on the X platform. Indeed, Phantom has emerged as the third trendy utility app on the Apple App Store in the U.S., trailing only the Google app and Google Chrome browser.

With this significant achievement, Luthra emphasized the potential of tokens on the Solana network, suggesting that they now appear more promising than ever. “Seems like the SOL season is going to be BIG,” Luthra remarked.

Notably, Phantom Wallet’s top ranking came just after the team celebrated reaching 7 million monthly active users.

Regarding its overall standing in the Apple App Store, Phantom Wallet holds the 32nd position across all categories. It comes in after X (formerly Twitter) and the AI chatbot ChatGPT. On the other hand, the mobile app of the prominent U.S. exchange Coinbase currently ranks 288th on the Apple App Store.

Notably, App Store rankings are determined by various factors, not just download counts. For instance, MetaMask, despite being 75th in the same category, reported 10 million monthly active users as of February 2024.

Initially, Phantom Wallet was exclusive to the Solana blockchain but expanded its support to include Bitcoin, Ethereum, and Polygon networks. The self-custodial wallet allows users to maintain control over their keys, offering an alternative to storing assets on exchanges.

Notably, the prominence of the Solana wallet coincides with the ongoing frenzy surrounding Solana-based tokens. This includes the success of meme coins on the network, such as WIF and BONK, which boast several billion-dollar valuations.