---
title: "Solana-based DeFi, airdrops propel crypto wallet Phantom’s userbase to new heights"
url: https://daily.dev/posts/solana-based-defi-airdrops-propel-crypto-wallet-phantom-s-userbase-to-new-heights-qm2imifq8
source_url: https://techcrunch.com/2024/02/13/solana-crypto-wallet-phantom-userbase/
type: article
source: "TechCrunch"
published: 2024-02-13T19:51:47.647Z
updated: 2024-05-09T09:28:18.744Z
tags: ["startup", "crypto", "web3", "ethereum", "defi", "solana", "coinbase"]
reading_time: 4
upvotes: 0
comments: 0
language: en
---

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# Solana-based DeFi, airdrops propel crypto wallet Phantom’s userbase to new heights

**[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments

## Summary

Phantom, a crypto wallet in the Solana ecosystem, has experienced significant growth in its user base due to Solana-based DeFi and airdrops. The platform reached 3.2 million monthly active users, a 220% increase from the previous year. Airdrops by Jito Network and Jupiter, together with the rise of crypto wallets as the new entry point to crypto, have contributed to the increased user activity. Phantom aims to be a safe access point for web3 experiences and is focused on user growth rather than revenue generation.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2024/02/13/solana-crypto-wallet-phantom-userbase/>

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---

Tags: [#startup](https://daily.dev/tags/startup), [#crypto](https://daily.dev/tags/crypto), [#web3](https://daily.dev/tags/web3), [#ethereum](https://daily.dev/tags/ethereum), [#defi](https://daily.dev/tags/defi), [#solana](https://daily.dev/tags/solana), [#coinbase](https://daily.dev/tags/coinbase)

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