- Phantom’s PSOL has reached an $8.32M market cap, reflecting quickly increase and stable early query.
- PSOL already has over 8,600 holders and strengthens Phantom’s position in Solana’s staking ecosystem.
Phantom, one amongst the preferred crypto wallets in the Solana ecosystem, appears to be to be getting extreme about pushing the adoption of liquid staking. Its original product called PSOL—short for Phantom Staked SOL—has now reached a market cap of spherical $8.32 million and has over 8,600 holders, in step with Dune.
Its circulating present is furthermore impressive, having reached 49,163 PSOL. This pick presentations a pretty enthusiastic market response, though there are furthermore other stories in the encourage of the scenes that are price paying consideration to.
Steady imagine whereas you might well furthermore stake SOL and restful use your belongings for other DeFi activities—yes, that’s the promise of PSOL. This thought is indeed on the upward push in the Solana ecosystem, and PSOL is right here as a extra versatile different to outdated skool staking. This token is designed in reveal that customers can restful receive staking returns whereas placing forward liquidity. That is the set aside its main charm lies.
Nonetheless, Phantom’s bolt over the final few months has no longer only been about original merchandise and increase figures. On the opposite hand, CNF beforehand reported that Phantom has partnered with MoonPay. This integration enables customers to salvage crypto genuine now from the Phantom pockets utilizing MoonPay balances, with out having to leave the applying. For designate original customers, this completely makes onboarding easier.
Phantom Faces Backlash Whereas Increasing Its Multichain Vision
Moreover, there modified into one reasonably frightful incident in mid-April 2025. Phantom Applied sciences Inc. modified into officially sued in the Southern District Court of Original York after a particular person misplaced extra than $500,000 in Wiener Doge tokens. What’s the main allegation? Phantom saved private keys in unencrypted browser reminiscence.
Consequently, a hacker modified into ready to produce administration utilizing a rogue browser extension. The money modified into exchanged utilizing the constructed-in swap feature, and the tokens’ designate hasty plunged by about Ninety 9%.
Within the occasion you are an brisk Phantom particular person, this case might perhaps web you a little insecure. Moreover, the lawsuit furthermore accused Phantom of violating the Commodity Commerce Act. Although there has been no final resolution, this story clearly tarnished their image which modified into beforehand acknowledged as a accumulate and beginner-friendly pockets.
Nonetheless that doesn’t mean they stopped innovating. In gradual January, as we beforehand highlighted, Phantom announced the addition of enhance for the Sui layer-1 blockchain. That is a complement to the outdated networks—Solana, Ethereum, and Polygon. This switch might perhaps also be a imprint that Phantom is extreme about turning into a flexible multichain pockets.
In actuality, on February 26, they furthermore purchased SimpleHash, an NFT information platform that helps over 80 blockchains. This integration presents customers proper-time web admission to to NFT collections genuine now from the app.
