Phantom is a Wallets & Dev Infrastructure company founded in 2021 and based in San Francisco, United States. It has raised $268M in total funding, most recently a Series C in 2025 at a $3B valuation.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jan 17, 2025 | Series C | $150M | $3B | Sequoia Capital, Paradigm |
| Jan 31, 2022 | Series B | $109M | $1.2B |
| Paradigm |
| Jul 14, 2021 | Series A | $9M | — | Andreessen Horowitz (a16z) |
A non-custodial crypto wallet available as a browser extension and mobile app, designed for self-custody of digital assets across Solana, Ethereum, Polygon, and Bitcoin. Phantom gives users full control over their private keys and enables secure management of tokens, NFTs, and DeFi positions in a clean, intuitive interface that prioritizes onboarding ease and user experience.
A built-in cross-chain token swapping feature that lets users trade cryptocurrencies directly within the Phantom wallet without needing to visit a separate exchange. Phantom Swap aggregates liquidity from multiple decentralized exchanges to find the best rates, supporting swaps across Solana, Ethereum, and Polygon with minimal friction.
An in-wallet perpetual-futures trading feature launched in July 2025 and powered by Hyperliquid's on-chain order book, letting users trade perps directly from the Phantom app without visiting a separate exchange. The integration has processed roughly $39 billion in trading volume, making Phantom the largest builder partner on Hyperliquid and a meaningful revenue driver for the wallet.
A liquid staking feature built into the wallet that lets users stake SOL tokens and receive a liquid staking derivative in return, which can be used across DeFi protocols while still earning staking rewards. This removes the trade-off between staking for yield and keeping assets liquid for other on-chain activities, all from within the wallet interface.
2 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.