Phantom Wallet Surpasses MetaMask in Revenue for 2025
- Phantom Wallet surpasses MetaMask in H1 2025 revenue.
- Multi-chain integration boosts Phantom’s user engagement.
- Significant market shift in cryptocurrency wallet revenue.
Phantom Wallet surpassed MetaMask during the first half of 2025, generating $191 million in revenue compared to MetaMask’s $56 million, marking significant growth in the Web3 wallet market.
The shift highlights Phantom’s expanded capabilities and influence in the decentralized finance landscape, reflecting user migration toward multi-chain platforms and self-custodial solutions, impacting market dynamics.
The revenue of Phantom Wallet surged to $191M in H1 2025, overtaking MetaMask’s $56M. This shift marks a significant moment in the blockchain sector, showcasing increased user interest in multi-chain wallet solutions.
Led by CEO Brandon Millman, Phantom Wallet’s strategy involved integrating new DeFi integrations across various blockchains. This attracted a broader user base and drove higher revenue figures, marking a notable industry shift.
Phantom’s expansion affected the wider cryptocurrency market, particularly in terms of user activity and transaction volumes. The increased adoption underscores a shift towards wallets supporting multi-chain interactions.
Financial implications include a $150M Series C funding for Phantom, elevating its valuation to $3 billion. This highlights the increasing investor interest in versatile and scalable crypto wallet solutions.
Phantom’s growth trajectory indicates a potential trend of multi-chain support becoming a key competitive factor in crypto wallets. This shift aligns with broader industry dynamics focusing on enhanced versatility and efficiency.
Analysts predict regulatory shifts may influence digital wallets’ operations, with increased scrutiny on multi-chain and DeFi platforms. Historical trends suggest ongoing government interest in wallet compliance despite the industry’s non-custodial nature.
“Our mission is to make self-custodial crypto accessible. Phantom has surpassed 17M MAUs and $25B in assets, thanks to the community and our new DeFi integrations.” – Brandon Millman, Co-founder & CEO, Phantom Source
Arthur Hayes, CIO, Maelstrom Capital, on Twitter, remarked on the competitive shift:
“He highlights the migration towards platforms like Solana as a significant market development.”
