PANews reported on May 24 that the download count of the crypto wallet Phantom on the Google Play Store has exceeded 5 million, surpassing PayPal, TON Wallet, Chime, Venmo, Zelle, Google Wallet, and Capital One Mobile, ranking second among free financial apps, just behind Cash App. Meanwhile, the Phantom wallet app ranks 14th in the overall ranking of all apps on the Google Play Store, higher than the job platform Indeed, Meta's social media platform Threads, and streaming services Tubi and Max. According to previous reports, in January 2022, Phantom completed a $109 million Series B financing round led by Paradigm, making the company a unicorn with a valuation exceeding $1.2 billion.