Cryptocurrency Wallet Phantom Marks $1.2 Billion Valuation Amid Recent Funding Round

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Investments in cryptocurrency are incomplete without a crypto wallet to store your assets. A good crypto wallet will house your coins and provide adequate security that will be pretty difficult for external invasion. The wallet could be either online or offline storage.

Due to its relevance, several crypto exchanges offer their customers their online crypto wallet services. This means that if you intend to use such wallets, you won’t have to move your tokens from the exchange platform.

Additionally, some crypto networks now have wallets that customers could use, of which Phantom wallet from the Solana network is one of them.

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With the increasing activities and growth of DeFi operations on Solana, there is a need for the network’s wallet. Moreover, it forms an excellent synchronization to the meteoric rise of the blockchain as Solana now has more than $15 billion in assets under its control.

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This will help customers to interact with the DeFi ecosystem through its numerous provisions fully. In addition, Phantom creates a unique integration of Solana’s nascent DEXs, liquidity pools, and even lending protocol.

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The recent funding round of Phantom raised the market cap of the wallet to $1.2 billion….

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