SOL 7-day Active Addresses Surpass Binance Chain as Solana Phantom Wallet Launches on Android

SOL 7-day Active Addresses Surpass Binance Chain as Solana Phantom Wallet Launches on Android.

Solana blockchain, a major Ethereum competitor, has been expanding its user base by building products and services that make it easier for people to use cryptocurrencies. One of such products is Phantom, a crypto wallet built to give users easy access to crypto and NFTs. 

Up to now, the wallet was only available on the web, but it has finally gone live on Android. This will allow Android users to access the wallet from their mobile devices with all the features on the web wallet and more.  

1/ Phantom is officially live on Android! We are so excited to bring the world’s friendliest crypto wallet to the world’s most popular mobile OS.

Download ?  https://t.co/da93RmUXz0 pic.twitter.com/YEQBeoezzS

— Phantom (@phantom) April 18, 2022

The wallet allows users to buy, sell, receive, send, swap, and store tokens as well as NFTs and interact with them seamlessly. Its user-friendly design makes it suitable for users of any experience level from newbies to experts in crypto. The phantom announcement says the wallet was released after testing and recommendations by 50,000 beta testers, so users can expect the best from it.

Solana 7-day Active Addresses Surpass BSC

Solana is becoming a favorite blockchain for many in the crypto space. This is evident by the increasing number of users on the network. Recent Nansen data shows that the number of active addresses on Solana for the last 7 days has surpassed that of Binance Smart Chain. This is a major achievement as BSC is one of the top blockchains and one of the first to provide an option to Ethereum. 

Several new developments and improvements on Solana may be responsible for the increase in active addresses. The blockchain supports several projects that are on the cutting edge of crypto and blockchain technology with several applications in the new digital economy. Some of the projects are Star Atlas, Serum, GARI Network, and Audius.

Phantom wallet existed on the web before now, but with the launch on Android, many more people will be able to access it, which will result in further growth in the number of users. It means that Solana has a good chance of making a great impact in the crypto space in the near future.

Solana up 5%

At the time of this report, the crypto market looks like it is on recovery, and Solana (SOL) is among the highest gainers among the top ten cryptocurrencies by market capitalization. 

It has gained over 5% in the last 24 hours and the price has topped $100. This may be due to the general relief in the market, but we may see the wallet launch affects the price in the next few days.

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