Phantom, one of the leading cryptocurrency wallets in the Solana network, has announced the acquisition of the trading and analytics platform Solsniper. This move aims to expand Phantom’s functionality and transform the project into a powerful consumer finance platform for a broad audience.
This is reported by Finway
The Solsniper Team Joins Phantom
As part of the agreement, the entire Solsniper team, led by co-founder and CEO Max Chzhuan, will join Phantom. The company emphasized that the new colleagues have significant experience in the crypto sphere, including the creation and development of products during various market phases. This integration is expected to strengthen Phantom’s position and allow it to offer traders more tools for working with digital assets.
Solsniper Will Remain a Separate Service and Gain New Features
Solsniper is known for its tools for wallet monitoring, tracking token launches, and quickly responding to market changes. These capabilities are particularly valued by active users of the Solana ecosystem, which was one of the reasons for the platform’s acquisition. It is noted that Solsniper will continue to operate as a separate product but will receive a range of new features and enhancements in the coming months aimed at retaining and expanding its current audience.
“The combination of Solsniper’s advanced functionality with Phantom’s infrastructure and distribution will help us develop solutions for an entirely new audience and serve them,” the companies stated.
The company emphasizes that this acquisition is another step towards transforming Phantom into a true on-chain hub for the mass user. Previously, Phantom had already made a deal with Simplehash and now plans to continue a series of strategic acquisitions to compete with market players like Metamask and become a universal solution for DeFi.
Additionally, Phantom has previously launched futures trading through Hyperliquid, continuing to expand the range of its services for users.