Solana-based Phantom Wallet Ranks 3rd in App Store Utilities, Acquires a16z-backed Bitski

May 21, 2024, 01:00 PM

Phantom Wallet, a Solana-based cryptocurrency wallet, has recently achieved a significant milestone by becoming the third most downloaded free app in the Utilities category on the Apple App Store, trailing only behind Google Chrome and Google Search. It also holds the 32nd position across all app categories, slightly behind X and ChatGPT. In addition to this achievement, Phantom has acquired Bitski, an a16z-backed leading provider of embedded wallets, for an undisclosed sum. This acquisition aims to integrate Bitski's technology into Phantom Wallet, enabling features such as simple sign-in via email, easy onboarding for users and developers, and new use cases. The acquisition is expected to accelerate the mass adoption of crypto wallets.