Phantom Makes Power Move: Partners with Solsniper to Dominate Crypto Beyond Wallet Services
Phantom isn't just playing defense anymore—it's going on the offensive. The crypto wallet giant just locked in a strategic partnership with Solsniper, signaling ambitions far beyond its core product. Game on.
Why this matters: Wallets are becoming gateways. Phantom's pivot could reshape how users interact with DeFi, NFTs, and even tokenized RWAs. Meanwhile, TradFi banks are still trying to figure out how to fax a Bitcoin.
The Solana connection: By teaming up with Solsniper—a name synonymous with sniper-like precision in Solana's DeFi ecosystem—Phantom gets instant credibility with degens and builders alike. No more 'just' a wallet.
What's next? Watch for Phantom to leverage this deal into deeper liquidity aggregation, cross-chain swaps, and maybe even its own token (because of course it will). The race to be crypto's super-app just got hotter—and Wall Street's 'blockchain strategists' won't know what hit them.
From wallet to advanced trading interface
Phantom has long operated as a wallet service provider, starting out on Solana before adding support for other networks like ethereum and Polygon.
The platform already offers token swaps, staking, and NFT storage, but is now aiming to evolve into a full-featured platform built for both beginner and advanced traders.
“Phantom is becoming more than a wallet,” the team wrote on X on Monday. “We’re building the leading consumer finance platform, all on crypto infra.”
The Solsniper acquisition fits into that strategy, with the platform offering tools like sniping, token launch alerts, and wallet activity tracking. Phantom also hinted that more acquisitions will follow in the coming months, and the bid to expand its product suite comes as the memecoin ecosystem continues to blow up.
Memecoin market still booming
As its peak this year, in July 2025, the total memecoin market cap hovered around $85 billion, with daily volume reaching $17.2 billion, according to CoinMarketCap.
The figure has since dropped to its current valuation of about $65 billion, but activity hasn’t vanished. Solana-based launchpads like LetsBonk are still dominating new token launches and trading, even with cooling HYPE around others like Pump.fun.
LetsBonk now accounts for 57% of Solana’s memecoin activity. In the past 24 hours alone, it’s seen over 18,000 new tokens deployed and processed more than $507 million in volume, according to data from Dune Analytics.
Meanwhile, tokens like Pudgy Penguins (PENGU), Bonk (BONK) and Trump (TRUMP) remain the three leading memecoin tokens issued on the Solana blockchain by market capitalization, with it’s ecosystem of quick-to-deploy and easy-to-use UX/UI by platforms like Pump.fun shaping the crypto-meme narrative.
Still, traction is cooling. Daily active addresses in the ecosystem have fallen from a January peak of 433,000 to around 148,850, signaling a slowdown in broader retail engagement.
