Phantom Wallet popular on Google Play, surpasses Facebook

This surge in downloads has also sparked optimism among commentators, who suggest it might indicate a bullish trend for SOL, as exemplified by the angel investor, Evan Luthra.

At the time of writing, the token was trading just above $168, marking a modest 1.35% increase in the last 24 hours and a 16.9% jump over 30 days, according to CoinGecko.

Phantom Wallet acquires Bitski

Phantom’s growing popularity has coincided with news of its acquisition of the web3 browser extension Bitski amidst increasing demand for user-friendly decentralized applications (dapps). 

Financial details of the deal remain undisclosed.

Phantom outlined plans to integrate Bitski’s browser extension into the its wallet to simplify onboarding and improve user experience.

Bitski’s technology allows users to create wallets using just an email address, eliminating the need to manage phrases and private keys. Additionally, Bitski enables developers to embed wallet functionality directly into their applications, allowing users to interact with dapps without leaving the app.

Following the acquisition, Bitski products, including its wallet, will be phased out starting May 27, with Bitski users able to obtain their private keys for self-custody. Phantom and Bitski are reportedly collaborating on a new product that will feature embedded wallets within Solana dapps in a bid to enhance user interaction and trust.