As a seasoned crypto investor with a penchant for exploring the ever-evolving digital asset landscape, I find the recent meteoric rise of Phantom on the Apple App Store charts truly captivating. Having dabbled in various wallets over the years, from the humble beginnings of Ledger Nano S to the more contemporary offerings like MetaMask, I can attest that Phantom’s swift ascent to the second spot is nothing short of impressive.
The digital wallet app, Phantom, has climbed up to the second position in the rankings for the “Utilities” category on the U.S. version of the Apple App Store.
On November 20th, the crypto wallet climbed to the second position in popularity on the App Store’s list, with Google maintaining its first place. Notably, it outranked other prominent apps like Google Chrome, Google Authenticator, Microsoft Edge, My Verizon, and Amazon Fire TV.
As a crypto enthusiast deeply rooted within the Solana community, I’ve found Phantom to be an indispensable tool in my digital asset management. Beyond Solana, this non-custodial wallet is versatile enough to accommodate various networks and non-fungible tokens (NFTs).
After observing the latest news, a community member commented on X that Phantom’s ascent in the Apple App Store implies that Web3 is starting to gain popularity among the general public.
Solana DApps rake in record fees
Coinciding with Phantom’s appearance on the App Store, there was an increase in the number of Decentralized Applications (DApps) on Solana, leading to a peak in transaction fees due to this surge.
On the 18th of November, DefiLlama data indicated that five out of the top ten fee-earning protocols were based on Solana. Notably, liquid staking protocol Jito accumulated approximately $9.87 million in fees, while Raydium, an automated market maker on Solana, recorded a staggering $11.3 million in fees the previous day. Additionally, trading bot Photon on Telegram yielded around $2.36 million, and pump.fun, a memecoin launchpad, garnered about $1.65 million in fees.
Phantom patches faulty iOS update
The triumph in the App Store for Phantom’s application can be attributed to a recent upgrade problem, which temporarily barred certain users from accessing their digital wallets.
On November 14th, the wallet company disclosed that they released an updated iOS version to fix a glitch and protect additional users from being impacted. The Phantom team acknowledged that some users encountered issues with their app resetting. Many users who saw this announcement shared their concerns, stating they had unfortunately lost their funds.
Because Phantom functions as a non-custodial wallet, it doesn’t keep users’ access keys on file. Consequently, it can’t help recover lost seed phrases. Nevertheless, the company encourages those who have encountered this issue to contact their customer service for assistance.
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2024-11-20 15:48