United

Apple

Jito

Photon

Phantom

Digital asset wallet Phantom has reached the second spot on the charts in the utilities section of the Apple App Store in the United States.
On Nov. 20, the App Store <a data-ct-non-breakable="null" href="https://appfigures.com/top-apps/ios-app-store/united-states/iphone/utilities" rel="null" target="null" text="null" title="null">showed</a> that the crypto wallet was the second-most popular application on the list, with Google retaining the top spot. The wallet surpassed other applications including Google Chrome, Google Authenticator, Microsoft Edge, My Verizon and Amazon Fire TV.&nbsp;
<figure>
 <img alt="Wallet, Solana" src="https://s3.cointelegraph.com/uploads/2024-11/01934972-2714-7b5c-8d3e-535aa913816d" title="">
 <figcaption style="text-align: center;">
 Apple App Store’s top utility applications in the US. Source: App Store
 </figcaption>
</figure>
Phantom is a popular <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/switching-from-metamask-here-are-5-alternative-crypto-wallets" rel="null" target="null" text="null" title="null">non-custodial wallet</a> among users in the Solana ecosystem. In addition to Solana, the wallet supports other networks and non-fungible tokens (NFTs). The app also has a fraud detection system and can connect with Ledger hardware wallets.&nbsp;
Following the news, a community member <a data-ct-non-breakable="null" href="https://x.com/Crypto_scarlet/status/1859125135686397973" rel="null" target="null" text="null" title="null">posted</a> on X that Phantom’s rise in the Apple App Store suggests that Web3 is “breaking into the mainstream.”&nbsp;
<h2 id="solana-dapps-rake-in-record-fees">Solana DApps rake in record fees</h2>
Phantom’s rise on the App Store coincides with a surge in decentralized applications (DApps) on Solana, which has resulted in record fee generation.
On Nov. 18, DefiLlama data showed that <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/memecoin-frenzy-sees-solana-based-dapps-rake-in-record-fees" rel="null" target="null" text="null" title="null">five of the top 10 protocols</a> by fees were on Solana. Liquid staking protocol Jito saw $9.87 million in fees, while Solana-based automated market maker Raydium recorded $11.3 million in fees on Nov. 17. Telegram trading bot Photon generated $2.36 million and memecoin launchpad Pump.fun saw $1.65 million in fees.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/solana-record-318b-transfer-volume-bot-driven-wsol-price-suffer" rel="null" target="null" text="null" title="null">Solana’s record $318B transfer volume ‘bot driven’ — Will SOL price suffer?</a>
<h2 id="phantom-patches-faulty-ios-update">Phantom patches faulty iOS update</h2>
Phantom’s App Store success follows a recent update issue that briefly locked some users out of their wallets.
On Nov. 14, the wallet provider announced that it had <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/phantom-issues-emergency-patch-after-ios-update-knocks-users-from-wallet" rel="null" target="null" text="null" title="null">published a new iOS update</a> to prevent a bug from affecting more users. The Phantom team recognized that a number of users had experienced app resets. Several users responded to the announcement, claiming they had lost their funds.&nbsp;
Since Phantom is a non-custodial wallet, it does not store users’ keys, meaning it cannot assist with the recovery of lost seed phrases. However, the company advised affected users to contact its support team for help.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/5-ways-crypto-bots-are-ruining-crypto-including-auto-memecoin-rug-pulls/" rel="null" target="null" text="null" title="null">How crypto bots are ruining crypto — including auto memecoin rug pulls</a>

Phantom takes second spot in Apple’s US App Store utilities category

Table of Contents

Cointelegraph

Other articles published on Nov 20, 2024

South Korea’s Opposition Pushes for Higher Crypto Tax Exemption Limit

Coinbase CEO Brian Armstrong to Meet President-Elect Trump Over Possible Crypto Regulation

Brett Price Prediction: BRETT Soars 9% As Pepe Unchained Presale Shatters $40.4 Million Mark As L...

Gemini Launches in France After DASP Approval

AIntivirus Announces Initiative Inspired by the Legacy of John McAfee (20 Nov)

‘Free Roger’ Ver gains momentum, Charles Hoskinson adds support as open letter reaches 2,744 sign...

Join our free newsletter for daily crypto updates!