Is Phantom built on Solana?

I'm curious to know, is Phantom indeed built on the Solana blockchain? It's a topic that's been generating quite a buzz in the cryptocurrency community lately, and I'm eager to understand the specifics behind this potential partnership. If Phantom is indeed leveraging Solana's technology, what are the benefits that this brings to the platform and its users? Could you elaborate on the reasons behind this decision and how it aligns with Phantom's overall vision and goals?