Digital asset wallet Phantom has reached the second spot on the charts in the Utilities section of the Apple App Store in the United States.
On Nov. 20, the App Store showed that the crypto wallet became the second most popular application on the list, with Google retaining the top spot. The wallet surpassed other popular applications such as Google Chrome, Google Authenticator, Microsoft Edge, My Verizon and Amazon Fire TV.
Apple App Store’s top utility applications in the US. Source: App Store
Phantom is a popular non-custodial wallet among users in the Solana ecosystem. In addition to Solana, the wallet supports other networks and non-fungible tokens (NFTs). The app also has a fraud detection system and can connect with Ledger hardware wallets.
Following the news, a community member posted on X that Phantom’s rise in the Apple App Store suggested that Web3 was “breaking into the mainstream.”
Solana DApps rake in record fees
Phantom’s rise on the App Store coincides with a surge in decentralized applications (DApps) on Solana, which saw record fee generation as a result.
On Nov. 18, DefiLlama data showed that five of the top 10 protocols by fees were on Solana. Liquid staking protocol Jito saw $9.87 million in fees, while Solana-based automated market maker Raydium recorded $11.3 million in fees on Nov. 17. Telegram trading bot Photon generated $2.36 million, and memecoin launchpad pump.fun saw $1.65 million in fees.
Related: Solana’s record $318B transfer volume ‘bot driven’ — Will SOL price suffer?
Phantom patches faulty iOS update
Phantom’s App Store success follows a recent update issue that briefly locked some users out of their wallets.
On Nov. 14, the wallet provider announced that it had published a new iOS update to prevent a bug from affecting more users. The Phantom team recognized that a number of users have experienced app resets. Several users responded to the announcement, claiming they had lost their funds.
Since Phantom is a non-custodial wallet, it does not store users’ keys, meaning it cannot assist with the recovery of lost seed phrases. However, the company advised affected users to reach out to its support team for help.
Magazine: How crypto bots are ruining crypto — including auto memecoin rug pulls
By Cointelegraph.com News
Source: Cointelegraph.com News
