Phantom Wallet Surpasses Coinbase, Launches Solana-Based Phantom Staked SOL Token with $150M Raise

Phantom Wallet has emerged as a leading application in the cryptocurrency space, surpassing Coinbase in app rankings. The wallet, known for its functionality beyond memecoins, supports swaps, staking, and recently completed a $150 million funding round. Building on its growth within the Solana ecosystem, Phantom Wallet announced the launch of its own liquid staking token called Phantom Staked SOL (PSOL). This token allows users to earn SOL rewards while maintaining liquidity and supporting the Solana network. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant