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    Phantom Wallet Growth

    In response to: Question 5:This week, Phantom (the most popular wallet in the Solana ecosystem) released its mobile app. There is an expectation that this will gradually increase adoption. Track and visualize at least two metrics to compare growth in Solana activity in the start of February (when Phantom mobile launched) to the month of January.

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    First metric: Growth in number of wallets

    Phantom is a friendly Web3.0 crypto wallet in the Solana ecosystem. It is so safe & easy to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain. Two main features of the phantom are lightning-fast swaps and super low fees. It brings a place for staking SOLs by delegating them to the active nodes as validators. Phantom wallet gathers all Solana dapps near together. Phantom is Non-Custodial; in other words, it never has access to any of the user's data or funds.

    Introduction:

    According to the accumulated chart below, we have seen an upward growth in the number of separate wallets used in the Solana network since the beginning of January. During this period, more than seven million new wallets were used, to which an average of 187k are added daily.

    Socond metric: Growth in number of transactions

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    One of the relatively good ways to find out if a blockchain is growing is to look at the number of transactions so that if the aggregate graph of the number of transactions is bullish, This means that attention to that blockchain has increased.

    As the chart below shows, the number of transactions in this blockchain has dramatically expanded since the beginning of January and the installation of the Phantom app on mobile phones.

    Conclusion:

    Phantom is the most widely used wallet in the Solana ecosystem. The number of separate wallets used has increased since the release of the phone app (January 1). Finally, with the increase in the number of wallets, the number of transactions has also increased, which can be concluded that the Phantom wallet directly impacts the popularity of the Solana blockchain.