Phantom
Launched 2021 · Software Wallet (Hot)
The #1 Solana wallet — now multi-chain with Bitcoin and Ethereum. Beautiful, fast, and powerful.
Quick Overview
What is Phantom?
Phantom is the #1 wallet for Solana and one of the most-loved crypto wallets overall, with 15+ million monthly active users. Created in 2021 by Brandon Millman and Chris Kalani, it dominated the Solana ecosystem from day one thanks to its exceptionally polished user interface.
What started as a Solana-only wallet has expanded into a multi-chain wallet supporting Ethereum, Polygon, Bitcoin, and Base alongside Solana. You can manage all your assets across these chains in a single, beautifully designed interface.
Phantom includes built-in token swaps with zero Phantom fees — you only pay the blockchain's gas fee (which is often just fractions of a cent on Solana). The swap aggregator routes through multiple DEXs to find you the best rate.
The wallet has industry-leading spam protection: it automatically detects spam tokens and NFTs airdropped to your wallet, hides them, and lets you "burn" them to reclaim the SOL used for storage. The transaction preview feature shows you exactly what will happen before you sign anything.
Worth noting: Phantom is not open-source, which some users consider a drawback compared to MetaMask. It's also limited to 5 chains, so if you need support for Cosmos, Polkadot, Avalanche, or others, you'll need an additional wallet like Trust Wallet. For Solana users, though, Phantom is the undisputed standard — over 80% of Solana DeFi and NFT activity runs through Phantom.
Phantom Highlights
What makes this wallet stand out from the crowd.
#1 Solana Wallet
Phantom is THE wallet for Solana. Over 80% of Solana users use Phantom for DeFi, NFTs, and daily transactions.
The default wallet for the entire Solana ecosystem.
Best UX in Crypto
Consistently praised for having the cleanest, most intuitive user interface of any crypto wallet.
Designed by ex-Apple and ex-Twitter designers.
Multi-Chain Expansion
Now supports Ethereum, Polygon, Bitcoin, and Base alongside Solana — all in one wallet view.
One wallet for your most-used chains.
Zero Swap Fees
Built-in swaps with zero Phantom fees. Only pay blockchain gas (which is pennies on Solana).
Revenue from priority routing — not user fees.
Key Features
Everything Phantom offers to keep your crypto safe and accessible.
Multi-Chain
Originally Solana-only, now supports Ethereum, Polygon, Bitcoin, and Base — all in one wallet.
Built-in Swap
Swap tokens directly in the wallet with best-rate routing across DEXs. Zero Phantom fees.
Solana Staking
Stake SOL directly in Phantom with recommended validators. Earn 6-8% APY passively.
NFT Gallery
Beautiful NFT display and management. View, send, list, and burn NFTs across chains.
Spam Protection
Automatically detects and hides spam tokens and NFT airdrops. Burn them safely for SOL refund.
Cross-Chain Swaps
Swap tokens between Solana, Ethereum, and Polygon directly within the wallet.
Token Search
Search and add any token across supported chains. Real-time price tracking.
Connect to dApps
Seamless connection to Solana and Ethereum dApps through browser extension or mobile.
Bitcoin Support
Send, receive, and hold Bitcoin natively. Ordinals (Bitcoin NFTs) support included.
Phantom Specs & Pricing
Download
Free
Browser extension + iOS + Android
Swap Fees
0%
Zero Phantom fees — only gas costs
SOL Staking APY
~6-8%
Stake directly in wallet
Supported Chains
5
Solana, Ethereum, Polygon, Bitcoin, Base
Monthly Users
15M+
One of the most-used wallets
Open Source
No
Closed-source proprietary code
Security & Safety
Phantom is self-custodial and stores your private keys encrypted on your device. It includes built-in phishing detection, transaction previews that show exactly what will happen before you sign, and malicious site warnings. Phantom also supports hardware wallet integration with Ledger for users who want additional security.
Pros & Cons
Pros
- + The best Solana wallet — dominant ecosystem support
- + Beautiful, intuitive UI — best user experience in crypto
- + Multi-chain: Solana + Ethereum + Polygon + Bitcoin + Base
- + Zero-fee swaps (only gas costs)
- + Excellent spam/scam protection and token burning
- + Fast and lightweight browser extension
- + Great NFT gallery and management
- + Built-in staking for SOL
- + Active development with frequent updates
Cons
- − Not open-source (closed source code)
- − Limited to 5 chains (Solana, ETH, Polygon, BTC, Base)
- − No support for Cosmos, Polkadot, or other ecosystems
- − No built-in dApp browser on mobile (uses deep links)
- − Bitcoin support is basic (send/receive only, no Lightning)
- − Newer than MetaMask — less battle-tested
- − Ethereum users may prefer MetaMask for wider dApp support
Phantom Timeline
Launched as a Solana-only wallet. Quickly became the #1 Solana wallet due to excellent UX.
Raised $9M Series A. Grew explosively during the Solana NFT boom.
Raised $109M at $1.2B valuation (Series B). Added Ethereum and Polygon support.
Added Bitcoin support including Ordinals. Reached 7M+ monthly active users.
Added Base chain support. Surpassed 15M monthly active users during Solana's resurgence.
The dominant Solana wallet with growing Ethereum market share. 15M+ MAU.
Our Verdict
Phantom is the best wallet for Solana users, period. The user experience is unmatched — it's genuinely a pleasure to use, which is rare in crypto. The expansion to Ethereum, Polygon, Bitcoin, and Base makes it a solid multi-chain option too. Zero-fee swaps and excellent spam protection are the cherry on top. The main limitation is that it only supports 5 chains, so if you need Cosmos, Polkadot, or niche chains, you'll need another wallet. For Solana + Ethereum users, Phantom is the best in class.