Phantom Wallet will deploy a mobile application and aims to expand the ecosystem of Solana

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Phantom is one of the most popular and widely used wallets in the Solana ecosystem. Today, the company revealed that it will also release a mobile version of its wallet.

Phantom deploys a mobile application

Phantom is a non-custodial cryptocurrency wallet designed for the Solana ecosystem, and it is one of the most popular apps in the field.

According to a press release shared with CryptoPotato, the team will also expand its reach by crossing over 1 million weekly active users and also releasing a mobile app.

Brandon Millman, co-founder and CEO of Phantom, said of this:

We are expanding as quickly as possible to meet the new demand for Solana-based applications. With this launch, we are giving existing and new users the ability to use a strong crypto wallet on the go. This means that they can create NFTs, wagering tokens, etc., without being tied to their computers, which carries considerable weight considering the speed at which the Solana ecosystem is currently evolving.

The statement also informs that Phantom will also launch other products that meet the current needs of space users.

The growing Solana ecosystem

Solana is without a doubt one of the fastest growing ecosystems in the field. Data from DeFi Lama shows the total value locked in decentralized protocols based on Solana currently stands at $ 15.25 billion.

TVL in Solana. Source: DeFi Lama

All of this builds on substantial growth in the larger area of ​​Solana community and development. The price also reflects this. As of this writing, SOL is trading at just under $ 250, up 21% on the week and over 11,300% in the past year.

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