Solana-based Phantom Wallet is gaining significant attention from cryptocurrency enthusiasts, primarily due to its potential airdrop. Recent data reveals that the Solana-based Phantom Wallet garnered over 3.2 million monthly active users in January 2024.
Record crypto users on Phantom wallet
This significant increase of 3.2 million active users on Phantom in January 2024 represents a remarkable 220% surge from the 1 million users a year ago. Furthermore, the wallet experienced substantial growth in installations, with nearly 1 million crypto users installing the Phantom wallet. This number reflects a substantial 460% increase compared to the previous year when only 167,000 crypto users had installed it.
Looking at these numbers the Phantom CEO and co-founder Brandon Millman shared his thoughts and made a statement that “These numbers are essentially our peak” and outperformed usage and metrics from the previous crypto bull market in 2021 and early 2022.”
The significant activity of crypto users on Phantom can be attributed to the potential airdrop it offers. In the past, crypto users witnessed the success of Jito and Jupiter airdrops within the Solana ecosystem. This time, to qualify for the Phantom airdrop, enthusiasts are actively engaging with all aspects related to the Phantom wallet.
For information, Phantom Wallet is similar to MetaMask and Trust Wallet, serving as a secure platform for storing cryptocurrencies. In addition to this, Phantom offers users the ability to swap currencies, purchase crypto with fiat, transfer crypto between chains, and many other features for added functionality and convenience.
Eligibility criteria for potential Phantom airdrop
Currently, it is not officially confirmed that Phantom Wallet is going to distribute an Airdrop to its loyal users or the people who are highly engaged with its wallet. Besides the normal features of Phantom to store your cryptocurrency with safety and security will be not enough for the eligibility criteria.
However, there are many more things which are there on Phantom wallet, that can create a chance to be eligible for its airdrop. To increase your chances of being eligible for airdrop you can use multiple things like Swapping, bridging, staking, buying, and more things.
Millman highlighted, “Right now, we’re in a focused growth stage. We’re not primarily focused on generating revenue but rather prefer to reinvest in user growth. The more users that sign up, the more developers are attracted to building on the ecosystem, leading to more applications and users. It’s like a flywheel, and we aim to grow as rapidly as possible.”
