Phantom, one of the most popular cryptocurrency wallets in the world, recently closed a large Series C funding round, raising… 150 million dollars Thanks support Sequoia Capital and model.
Phantom Wallet: Sequoia and Paradigm lead $150M investment
This result led to the company’s valuation 3 billion dollarsa significant increase compared to $1.2 billion It was achieved during the previous Series B round. This achievement confirms Phantom’s role as a leading player in the cryptocurrency ecosystem.
rise Phantom It’s no coincidence. The platform has witnessed exceptional growth in recent years, attracting a base of 15 million monthly active usersWho use the app an average of 12 times a day.
In 2024, Phantom made it easier 850 million on-chain transactionsenhancing its reputation as an essential tool for those working in decentralized finance (DeFi). Currently, the portfolio manages assets worth more than that 25 billion dollarsIt is a number that shows users’ confidence in the security and features provided.
A mission centered around accessibility: Sequoia leads new Phantom Wallet Series C round
Phantom stood out from the start with its ambitious goal: Simplify your coding experience. Cryptocurrencies, often seen as complex and unintuitive, have become more accessible thanks to a user-friendly interface and improved user experience.
The platform acts as a bridge between blockchain technology and users, reducing technical barriers and encouraging broader participation in the decentralized world.
In the official statement accompanying the funding announcement, the company emphasized how these resources will allow it to make “big bets” to accelerate cryptocurrency adoption and build a next-generation consumer finance platform.
This means not only improving the functionality of the wallet, but also redefining the way people interact with cryptocurrencies, making the entire ecosystem more inclusive and accessible.
Social innovation and advanced jobs
Phantom also offers a series of Social featuresdesigned to enhance interaction between users and simplify peer-to-peer transactions. For example, introduction 3.8 million usernames It allows users to send and receive funds without having to use complex wallet addresses.
This innovation represents a significant step forward in user experience, making payments between friends or colleagues fast and intuitive.
Another area of development concerns Asset discoverywhich Phantom simplifies with built-in tools in the wallet.
Users can now explore and manage cryptocurrencies more efficiently, turning Phantom into a comprehensive solution for the needs of anyone involved in the bull and bear markets of cryptocurrencies.
The participation of high-profile investors such as Sequoia Capital and Paradigm confirms the solidity of the Phantom project and confidence in its growth potential.
Both funds are known to support innovative companies in the technology and blockchain sector, and their participation in this funding round strengthens Phantom’s position as a market leader.
A vision for the future
With the funds raised, Phantom is poised to expand its offerings further, and continue to innovate to meet the needs of an increasingly large audience.
The platform lays the foundations for a future in which cryptocurrencies will become an integral part of everyday life, thanks to simpler and more secure tools.
Phantom is not just a cryptocurrency wallet; It is a platform that embodies the future of decentralized finance, combining cutting-edge technology with an unparalleled user experience.
With a $3 billion valuation and continued commitment to innovation, Phantom is expected to become a reference point in the sector.
