Solana’s Phantom wallet has reached over one million active users. At the same time, SOL hit an all-time high of $260.
Solana (SOL) native cryptocurrency wallet Phantom has reached more than one million active users as Solana Blockchain continues to grow in popularity. This is an impressive feat for a wallet that has only been on the market for a few months.
The Phantom wallet works as an online wallet for users to securely and easily store, send, receive, stake and exchange tokens on the Solana blockchain.
The Solana ecosystem has become the second popular blockchain for NFT trading.
Phantom has become the go-to wallet for Solana blockchain and NFT trading. The wallet allows users to easily transact on NFT platforms while also allowing them to preview their NFT in the wallet.
Secondary sales on the Solana blockchain saw a volume of over $500 million. The most striking part of this statistic is that it was obtained in just three months.
Solana Reaches All-Time High
While the Solana ecosystem continues to see huge growth in the market, Solana (SOL) has also seen a huge increase in price. SOL managed to move into fourth place by market capitalization, surpassing Cardano (ADA) and Tether (USDT). SOL has once again hit an all-time high of $260.