Phantom Wallet records monthly revenue in February 2025

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Phantom Wallet has expanded its support for SUI and added flexibility beyond Solana, Ethereum and Polygon for managing digital assets.
The Phantom, integrated with MoonPay, allows for seamless crypto purchasing directly within your wallet to improve the user experience.

Phantom Wallet, the popular Crypto wallet on the Solana Ecosystem, recorded its highest revenue ever. Phantom already generated $33 million in revenue in February 2025, just days before the end of this month.

In: @Phantom’s monthly revenue hit a new all-time high of $33 million in February, remaining in the month for eight days. pic.twitter.com/boolhk5gia
– solanafloor (@solanafloor) February 20, 2025

A journey to a new record for the Phantom

Phantom has recently continued to expand its range of services. The wallet was officially included features SUI Layer-1 Blockchain for January 29th, 2025. Recently, it has only been operating on Solana, Ethereum and polygon networks, so this move makes it even more adaptable in supporting several ecosystems.

For more encryption-savvy users, this integration allows users to handle SUI tokens and other assets directly through their wallets, making it easy and easy to choose.

However, it’s not just technical expansion that supports this surge in revenue. Phantom effectively acquired the $150 million Series C Finance Round on January 16, 2025 under the direction of Sequoia Capital and Paradigm.

This capital injection values the business at $3 billion. Money is looking to improve the user experience in processing digital resources and expand the scope of services offered.

Integration with MoonPay: Ease of crypto trading

Meanwhile, Phantom’s success is supported by its strategic integration with MoonPay, as before. It has been reported. Phantom wallet users can use Moonpay balance through this relationship to buy some digital assets straight away.

Additionally, users can quickly withdraw money into their bank accounts, simplifying the trading process. increase phantom Appealing among new users who may still be fresh in the cryptocurrency realm relies heavily on this type of integration.

Security Issues and Phantom Responses

However, Phantom’s journey is not always smooth. A security researcher named @cloakddev claimed in January 2025 a flaw that could undermine the user fund. The community has become concerned about the allegations, but the Phantom responded quickly by saying that the story doesn’t actually put users’ money at risk.

Nevertheless, researchers warned users to be cautious by storing recovery words and measuring alternative wallets. Security remains a major concern for crypto wallets, so the rapid response of such a phantom indicates a willingness to maintain user trust.