Phantom, the Web3 wallet project has raised over $260M that users should not miss. In addition to its product features, using Phantom may helps users have the opportunity to receive airdrops.
So, what makes Phantom Wallet different from other Web3 wallets? Let's find out through the article below!
What is Phantom Wallet?
Phantom is a multi-chain cryptocurrency wallet that allows users to store, send, receive, swap, and stake tokens across various networks easily. Phantom not only supports popular browsers like Chrome, Brave, Firefox, and Edge but also has applications available on both iOS and Android.
Key Features of Phantom Wallet
Phantom Wallet stands out due to its combination of convenience, high security, and multi-platform support, making it a popular choice for crypto users. Here are the main highlights:
- Multi-chain support in a single wallet: Phantom supports multiple chains, allowing users to manage and operate easily within one wallet.
- Self-custodial: Users have complete control over their funds. Phantom has no access, does not require names, emails, or phone numbers, and ensures privacy.
- Instant scam detection: Automatically warns of malicious transactions, with the option to connect to Ledger for enhanced security.
- Integrated perpetual futures trading: Since July 2025, Phantom has integrated direct perps trading via Hyperliquid's Builder Codes, enabling leverage trading up to 40x on over 100 markets without leaving the wallet and turning it into a mobile-first trading platform.
- No limits: No restrictions on tokens, balances, or transactions; low fees and fast speeds.
- Powerful tools for everyone: From quick token swaps to staking and earning rewards, suitable for both beginners and experts.
- Multi-platform support: Available on mobile (iOS/Android) and browser extensions (Chrome, Firefox, Brave, Edge), with a user-friendly interface and seamless synchronization.
These features make Phantom one of the crypto wallets that users should consider using. With one application and one interface, users can:
- Store and manage assets on multi-chain networks.
- Easily access NFT marketplaces.
- Trade spot and perps without too many operations. In particular, Phantom's perps are built on Hyperliquid the platform with the best on-chain liquidity in the market.
- Actively manage assets, reducing risks from CEXs (e.g., FTX, Bitfinex).
Read more: Will Phantom Wallet announce a token? How to farm a potential Phantom airdrop
Phantom Token Information
Phantom Key Metrics
- Token Name: TBA
- Ticker: $TBA
- Token Type: TBA
- Total Supply: TBA
- Contract Address (CA): TBA
Phantom Token Use Case
No official use case has been announced yet. Updates will be shared once Phantom publishes details.
Phantom Token Listing
- Listing time: TBA
- Confirmed CEX listings: TBA
- Pre-market price (Whales Market): TBA
Phantom Tokenomics & Fundraising
Tokenomics
- Total Supply: TBA
- Allocation: Not yet announced
Fundraising
According to CryptoRank, Phantom has raised $268M across multiple funding rounds. In the Series C round in January 2025, Phantom Wallet was valued at up to $3B with participation from major funds including Paradigm, Sequoia, a16z, and Variant.
Phantom Roadmap & Team
Roadmap
The project has not announced a detailed roadmap yet. Whales Market will update immediately once the project releases the latest information.
Team
- Brandon Millman: CEO & Co-Founder
- Francesco Agosti: CTO & Co-Founder
- Chris Kalani: CPO & Co-Founder
How to Create an Account on Phantom Wallet
Phantom Wallet is available as a browser extension for Chrome, Brave, Firefox, and Edge, as well as a mobile app for iOS and Android. In this guide, let’s use the Chrome extension as an example.
To set up Phantom Wallet:
- Step 1: Download the Phantom extension from the Phantom download page or the browser’s extension store (e.g., Chrome, Brave, Firefox, Edge).
- Step 2: Create a new Phantom wallet by clicking on “Create a new wallet” or import an existing one using your passphrase by clicking on “I already have a wallet”.
Important: Always keep your passphrase safe. Do not share it with anyone. Losing it means you cannot recover your wallet. Enable 2FA for additional security.
Once all steps are completed, users just need to send SOL (or other supported assets) into the wallet and use it like other Web3 wallets.
Conclusion
Hopefully, through this article, readers have gained an overview of what Phantom Wallet is, as well as how to create an account on Phantom Wallet. With one application, you can now trade, participate in DeFi, and manage assets proactively.
FAQs
Q1. Which networks does Phantom work best with?
It’s designed for multi-chain use, check in-app network lists and enable only the chains you’ll actually use.
Q2. Do I need different gas tokens per chain?
Yes. Keep a small balance of each chain’s native token to cover fees (e.g., SOL on Solana, ETH on EVM chains).
Q3. How do I secure my wallet beyond the seed phrase?
Use a hardware wallet (Ledger) via Phantom, enable biometric/app lock, and store the seed phrase offline (not in cloud notes/screenshots).
Q4. Can I import an existing wallet?
Yes, import via seed phrase or private key. After importing, review token/NFT lists and revoke stale approvals.
Q5. What about perps trading inside Phantom?
It routes to integrated perps infra from the wallet UI. Understand leverage/liquidation, fees, and terms before using; start with small size.