Phantom is the dominant Solana wallet with over 10 million monthly active users and $109 million raised from Paradigm and top crypto VCs. No token has launched yet. Here is the complete guide to building the on-chain history that earns the top allocation when it does.
Phantom has not launched a token as of June 2026. This is the best possible situation for a farmer — every action you take right now is building a history the team can reference at snapshot time. The farming window is open and there is no rush to stop.
Phantom launched in 2021 as a browser extension wallet for Solana, built at a time when MetaMask had no Solana support and the ecosystem desperately needed a native wallet. It quickly became the default wallet for Solana DeFi, NFTs, and token trading — the same role MetaMask plays on Ethereum.
Since then, Phantom has expanded to support Ethereum, Polygon, and Bitcoin, making it a genuine multi-chain wallet. It raised $9M in seed funding (led by a16z), then $109M in Series B (led by Paradigm) — giving it one of the strongest VC backing profiles of any wallet in the space. The Series B valued Phantom at over $1.2 billion.
The key insight for farmers: Phantom earns revenue from swap fees and has built deep product infrastructure — swap aggregation, liquid staking, NFT gallery, DeFi browser — that only makes full sense if the team eventually launches a token to reward the users who made that infrastructure valuable.
Every comparable wallet and DeFi protocol with this funding level and user base has eventually launched a token. Uniswap, Blur, Arbitrum, Optimism, and Hyperliquid all distributed tokens to early users. Phantom was built by the same VC ecosystem that funded those projects. The question has never been whether — only when.
| Item | Status | Notes |
|---|---|---|
| Phantom Token | Not Launched | No official announcement as of June 2026 |
| Phantom Swap | Live | DEX aggregator — Solana, Ethereum, Polygon |
| Phantom Staking | Live | Native SOL staking + Marinade/Jito |
| NFT Gallery | Live | Full NFT management across chains |
| DeFi Browser | Live | In-app dApp browser for Solana DeFi |
| Bitcoin Support | Live | BTC holdings and transactions in Phantom |
| Phantom Points / Rewards | Campaigns Active | Periodic reward programs run in-app |
Open Phantom and use the built-in Swap to exchange SOL for other tokens — USDC, JUP, BONK, or any Solana token. Phantom aggregates liquidity from Jupiter and other Solana DEXes. Aim for at least 2-4 swaps per week. Volume matters, but so does frequency — consistent weekly swaps across 6+ months is the target.
In Phantom, go to the Staking section and stake SOL directly. Phantom offers native liquid staking — you can stake to validators or use Marinade/Jito staking pools. Even staking 0.1 SOL creates a staking record. This marks you as a holder, not just a trader, which historically earns better airdrop allocations.
Add Ethereum and Polygon networks in Phantom settings. Swap ETH on Ethereum, bridge USDC to Polygon, interact with at least one dApp on each chain through Phantom. Multi-chain activity is one of the strongest signals — wallets that use Phantom across 3+ chains are power users by any definition.
Phantom has a built-in NFT gallery and connects natively to Magic Eden and Tensor. Buy at least one Solana NFT (even a cheap 0.01 SOL NFT) and hold it in your Phantom wallet. NFT activity was a key criterion for Blur and other NFT platform airdrops, and Phantom has deep NFT infrastructure built in.
Connect Phantom to Jupiter (jup.ag) for swaps, Marinade Finance for liquid staking, Kamino Finance for lending, and Raydium for LP positions. The more DeFi protocols you interact with via Phantom, the stronger your profile. Aim for at least 3 distinct DeFi protocols with recurring activity.
Download Phantom on iOS or Android and perform at least some of your activity from mobile. Mobile users represent a distinct engagement category — they are real users, not bots. If Phantom tracks device metadata (as most wallets do), having mobile + desktop usage history makes your wallet look more like a genuine user.
Do not farm intensively for two weeks and stop. The most valuable signal is consistent monthly activity over 6-18 months. Set a routine: every week, at least one swap on Solana and one check of your staking position. Every month, at least one cross-chain transaction. This builds the usage history that earns the top allocation tiers.
| Protocol | Category | Why It Matters | Token Status |
|---|---|---|---|
| Jupiter (jup.ag) | DEX Aggregator | Largest Solana DEX — swap activity here counts toward Phantom volume | JUP Live |
| Marinade Finance | Liquid Staking | Stake SOL for mSOL — accessible directly from Phantom | MNDE Live |
| Jito | Liquid Staking | Stake for jitoSOL — MEV rewards included | JTO Live |
| Kamino Finance | Lending / Yield | Borrow and lend — advanced DeFi activity signal | KMNO Live |
| Raydium | DEX / LP | Provide liquidity — LP activity is a strong power-user signal | RAY Live |
| Magic Eden | NFT Marketplace | Buy or list NFTs through the Phantom browser — NFT history matters | ME Live |
| User Tier | Activity Profile | Estimated Allocation |
|---|---|---|
| Tier 1 — Basic | Some swaps, Solana only, less than 6 months | $50–$300 |
| Tier 2 — Active | Weekly swaps, staking, 2+ chains, 6+ months | $300–$1,500 |
| Tier 3 — Power User | DeFi across 3+ protocols, NFTs, all chains, 12+ months | $1,500–$5,000 |
| Tier 4 — OG | Active since 2021-2022, high volume, all features used | $5,000+ |
Phantom has 10M+ monthly users — a large distribution base. Allocations will likely follow a tiered model where the bottom 50% of users receive small amounts and the top 10% receive significantly more. Building a top-10% profile requires consistent multi-chain activity over many months, not just high volume.
Both are worth farming, but they target different networks and user profiles. Phantom is the dominant wallet on Solana — if you are active in Solana DeFi, memecoin trading, or Solana NFTs, Phantom is your primary wallet and the farming cost is zero (you are already using it). MetaMask is the dominant wallet on Ethereum and its L2 ecosystem.
The practical answer: use both. Install Phantom as your Solana wallet and MetaMask as your EVM wallet, and let your normal on-chain activity build the farming history on both. Do not pay extra fees just to inflate volume — consistency across time matters more than raw transaction count.
Every week: 2 swaps in Phantom on Solana, check staking rewards. Every month: 1 swap on Ethereum through Phantom, 1 interaction with a Solana DeFi protocol (Jupiter, Kamino, or Raydium), 1 check of your NFT gallery. This takes under 15 minutes per week and builds a consistent 12-month profile before any snapshot.
No. As of June 2026, Phantom has not launched a token. The wallet has over 10 million monthly active users and raised $109M from Paradigm and other top VCs, but has made no official token announcement. This means the farming window is fully open.
Based on comparable wallet airdrops, the most likely criteria are: total swap volume through Phantom Swap, number of chains used (Solana, Ethereum, Polygon, Bitcoin), NFT activity, staking history, and consistency of usage over time. Using Phantom as your primary wallet across multiple months is the strongest signal.
Phantom has run promotional campaigns and in-app reward programs. The wallet also tracks all activity natively — swap history, staking positions, NFT transactions — which gives the team a complete picture of every user's engagement level without needing a separate points system.
Both. Phantom supports Solana, Ethereum, Polygon, and Bitcoin. Multi-chain activity is a strong signal in modern airdrop criteria. Build history on at least Solana (primary) and Ethereum. Using Phantom to bridge between chains and interact with DeFi on multiple networks marks you as a power user.
Phantom was built natively for Solana, making it the dominant wallet for Solana DeFi, NFTs, and memecoins. MetaMask was built for Ethereum. Phantom has since expanded to Ethereum and Bitcoin, but its user base is primarily Solana-native. Farming Phantom captures a different audience and set of criteria than farming MetaMask.
There are no confirmed tokenomics. Based on comparable wallet and protocol airdrops (Uniswap distributed $1,200–$15,000 per wallet, Blur distributed $500–$50,000), a Phantom distribution to 10M users from a $109M-backed company would likely range from $200 for light users to $5,000+ for power users with 12+ months of consistent multi-chain activity.
Phantom is one of the highest-hype projects on our upcoming tracker — see every tokenless project with farming guides.