Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$676.05KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $676.05K | -- | -- | -- |
| Oct 2026 | $6.39M | -- | -- | -- |
| Sep 2026 | $8.26M | -- | -- | -- |
| Aug 2026 | $8.01M | -- | -- | -- |
| Jul 2026 | $7.14M | -- | -- | -- |
| Jun 2026 | $6.85M | -- | -- | -- |
Comparison
Team
Follow Updates
Follow Lists
People
About Phantom
Phantom is a self-custodial multichain wallet that began on Solana and now spans nine networks including Ethereum, Base, Bitcoin and BNB Chain, offering retail users storage, swaps and staking. It removes the need to juggle multiple wallets and manually manage keys across chains, controlling funds with local private keys and seed phrases, routing swaps through a built-in aggregator and exposing signing and transfer interfaces to AI agents via an embedded-wallet SSO login.
The trade-off is exchanging non-custody and multichain aggregation for usability, at the cost of users fully bearing private-key and signing responsibility. Agent-signing interfaces amplify misuse and theft risk even as they grant AI autonomous operation, and the wallet depends on the stability of each newly added chain ecosystem. Multichain aggregation lowers switching costs yet also exposes users to the heterogeneous risks of each chain's bridges and contracts.
In January 2021, Brandon Millman and others founded Phantom, initially a Solana wallet.
In July 2021, Phantom raised a $9M Series A led by a16z.
In January 2022, Phantom closed a $109M Series B led by Paradigm at a $1.2B valuation.
In 2022, Phantom launched mobile apps, expanding across devices.
From 2023, Phantom went multi-chain and in May 2024 added Bitcoin with Ordinals and BRC-20.
In January 2025, Phantom raised a $150M Series C at a $3B valuation.
In 2025, Phantom reached 15M MAU, with volume surpassing MetaMask and Coinbase Wallet combined.
Through 2026 Phantom has held roughly 17 million monthly active users and grown to nine supported networks, adding Robinhood Chain, HyperEVM, Monad and native Bitcoin; in-app perpetuals run on Hyperliquid's order book, and tokenized equities and the CASH spending account are live in eligible regions, with CASH issued by Bridge through Stripe's Open Issuance.
On July 1 the Solana-native prediction market World was embedded directly in Phantom, letting users trade short-dated bitcoin up-or-down markets and 2026 World Cup matches, settled in CASH and resolved through Chainlink Data Streams; Phantom had moved new positions from Kalshi to World starting in June. In its July disclosure, average daily stablecoin balances held by users rose from $2.33 billion in the year before the GENIUS Act to $2.82 billion, across 219 countries and territories, with 86.6% of holders outside the US.
Phantom positions itself at the distribution layer rather than as a principal: World routes prediction-market orders, Hyperliquid supplies the perpetuals book, tokenised equities are issued elsewhere, and the wallet owns accounts, settlement and compliance boundaries. CASH, issued by Bridge through Stripe, means every prediction and card swipe creates circulation for Phantom's own stablecoin, with revenue from routing, card interchange and float instead of counterparty risk. The gap is equally clear: World has traded about USD 31 million in total while Polymarket does roughly USD 2.3 billion in a week, and thin depth erodes retention fast. Expansion beyond nine networks is really the same account system replicated across more chains and asset classes.
Phantom was co-founded and is led by Brandon Millman. He worked on engineering and product at 0x and before that on Twitter's advertising systems, then teamed up with Francesco Agosti and Chris Kalani in San Francisco in 2019; he has since owned organisational build-out and external communication.
Francesco Agosti is CTO, previously at 0x on matching and protocol engineering, and now owns key management and multichain support. Chris Kalani oversees design and experience, out of the 0x design team, and runs interaction and brand. General counsel Kevin Jacobs handles legal and compliance, while vice president of operations Sam Rosenblum runs ecosystem partnerships and support. Engineering is in three groups, wallet core, multichain and security; the security group sits outside the engineering lead and reports directly to Agosti.
Phantom recently saw key team changes. In June 2026, Ventuals co-founders Alvin Hsia (Product) and Aris Samad (Staff Software Engineer) joined, bringing expertise from building a Hyperliquid-based perps platform with over $1B in annualized volume. Concurrently, several executives departed: Head of BD Emre Tekişalp (Dec 2025–Jul 2026), VP Strategy Donnie Dinch (May 2024–Aug 2026), and Head of Growth David Wu (Jan 2022–Aug 2026). This signals a strategic push into trading and data.