Solana’s Top Crypto Wallet Phantom Looks to Ethereum, Polygon Next

Solana-focused crypto wallet Phantom is tapping Ethereum and Polygon for its expansion plan.

AccessTimeIconNov 29, 2022 at 3:35 p.m. UTC
Updated May 9, 2023 at 4:03 a.m. UTC

Phantom, the leading crypto wallet in the Solana ecosystem, said Tuesday it will add support for assets on the Ethereum and Polygon blockchains, with the roll out coming over the next three months, according to a representative.

The self-custody wallet, which is built on closed-source code, will take aim at Ethereum ecosystem stalwarts such as Metamask, which is open source. Phantom’s likely bet is that its slick user interface will power it forward on the system, just as it did for Solana, where it says it has 3 million active users.

The face-off has been a long time coming. CEO Brandon Millman previously told CoinDesk that Phantom’s team meant to challenge Ethereum wallets in 2021 before doubling down to the then-nascent Solana ecosystem, where it became a go-to wallet for many retail users.

Solana’s short-term prospects have shifted mightily in recent days. This month’s sudden collapse of FTX and Alameda, major supporters of the ecosystem, triggered a drop in Solana-linked asset prices and cast chaos among the blockchain's builders. Some projects are now planning to pivot to other ecosystems. A representative for Phantom said the wallet remains committed to Solana.

Phantom’s multichain strategy will focus on non-fungible tokens (NFT), with protections against malicious spam drops and added capabilities for viewing multimedia NFTs, a press release said.

Phantom is working with Polygon on the Polygon wallet, the release said.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.