TL;DR
- Phantom acquired SolSniper, entering the onchain terminal segment—one of the most profitable areas in the Solana ecosystem.
- SolSniper brings advanced trading capabilities, having pivoted from NFTs to memecoins and more dynamic tools.
- This is the company’s fourth acquisition in 16 months, part of a strategy to unify key features under a single onchain platform.
Phantom, the most widely used wallet in the Solana ecosystem, announced the acquisition of SolSniper, an advanced onchain trading terminal.
This marks the company’s fourth acquisition in the last 16 months, during a period defined by the consolidation of products and services under a single brand. The integration of SolSniper represents Phantom’s formal entry into the trading terminal niche—a segment that has become one of the most lucrative in the network.
SolSniper originally launched as a platform focused on NFTs and market analytics. However, as activity in the NFT space declined, the team shifted its focus to memecoins and more dynamic trading tools. Although they shut down their original platform in June, the team continued building features aimed at a new generation of onchain users. That evolution is now being incorporated into the Phantom ecosystem.
Phantom Aims to Build a Comprehensive Platform for Onchain Personal Finance
The integration aims to offer more advanced trading tools to the wallet’s user base, which until now had limited access to such features. SolSniper will bring deeper technical capabilities and advanced functionality, enabling Phantom to reach more experienced users and expand its target audience. Brandon Millman, the wallet’s CEO, stated that the team will continue exploring new acquisitions to build a more complete platform for onchain personal finance.
Phantom had already taken steps into trading with the launch of its perpetual contracts product, which generated over $1.5 million in revenue and processed more than $3.11 billion in trading volume over the last 30 days. Still, those figures remain well behind Axiom, the segment leader, which earns over $10 million in weekly revenue and surpassed $100 million in just 129 days.
In addition to SolSniper, Phantom recently acquired three other companies: Simplehash, focused on blockchain data indexing; Blowfish, specialized in security; and BitSki, a provider of embedded wallets. Each acquisition aligns with a clear goal: to scale infrastructure and expand its product suite
