Phantom has announced its fourth acquisition in the past 16 months, bringing SolSniper, an advanced onchain trading terminal, into its expanding empire. The acquisition comes as a welcome relief for SolSniper, which sunset its original NFT services in June 2025 due to languishing market activity.

What Will SolSniper Offer Phantom?

While it originally launched as an NFT marketplace and analytics platform, SolSniper, like many of its fellow NFT apps, found itself scrambling for users and revenue as the NFT sector collapsed. Amidst stagnating NFT volumes, SolSniper wasted no time joining other NFT-centric teams like Tensor, pivoting to memecoins and expanding its product suite to meet the demands of a changing onchain economy.

As part of its vision to scale onchain finance, Phantom’s acquisition of SolSniper represents the wallet’s first major expansion into the trenches. While users have always had access to viral memecoins through the wallet UI, SolSniper brings a far more advanced and sophisticated trading experience to Phantom’s growing empire.

“Combining Solsniper’s advanced feature set with Phantom’s infrastructure and distribution will help Phantom build for and serve entirely new audiences.” - Brandon Millman, Phantom co-founder and CEO

The acquisition reinforces a growing trend throughout the Solana ecosystem. Teams across the network are now actively trying to scale horizontally and unify a comprehensive product suite under one brand. Other examples of this trend include Jupiter, which started as an aggregator and now offers almost every DeFi service imaginable, and Kamino Finance, which integrated a meta-aggregator into its lending market earlier in 2025.

Trading Platforms Are the Meta

Phantom’s eagerness to join the traders in onchain markets comes as no surprise. Aside from launchpads, advanced trading terminals are undoubtedly one of Solana’s best-performing businesses. According to DeFiLlama data, Axiom, the market leader, has netted over $10M in the last seven days alone. In May 2025, Axiom became one of the fastest-growing applications of all time across all industries, reaching $100M in generated revenue in just 129 days. Even with Phantom’s support, SolSniper is unlikely to help the wallet reach Axiom-levels of revenue generation in the short term. That being said, the acquisition gives Phantom a highly scalable growth opportunity in one of Solana’s most lucrative sectors. There’s a case to be made that Phantom is piggybacking off the success of its recent perpetual trading implementation. According to Flowscan data, Phantom’s perps product has generated over $1.5M in revenue over the past 30 days, attracting over 23,100 users and processing over $3.11B in total volume.

Phantom’s Prolific Expansion

Phantom has been on an expansion crusade in recent times, with July’s acquisition of SolSniper marking its 4th in the last 16 months. In February 2025, Phantom acquired Simplehash, a blockchain data indexing platform. In 2024, Phantom also acquired Blowfish, a security firm, and BitSki, an embedded wallet provider. Millman asserts this may just be the beginning of Phantom’s expansion plans. Phantom has made clear its intentions to “aggressively pursue acquisitions” to offer a more diverse and expansive product suite in its quest to become a comprehensive consumer finance platform.

FAQ

What is SolSniper?

SolSniper initially launched as an NFT marketplace and analytics platform. Facing challenges in the NFT sector, it pivoted to focus on memecoins and expanded its product suite to cater to the evolving onchain economy.

Why did Phantom acquire SolSniper?

Phantom acquired SolSniper to enhance its onchain finance capabilities, offering users a more advanced and sophisticated trading experience. This move aligns with Phantom's vision to become a comprehensive consumer finance superapp.

What is the significance of this acquisition for the Solana ecosystem?

This acquisition is part of a broader trend in the Solana ecosystem where teams are scaling horizontally and consolidating diverse DeFi services under single brands, similar to initiatives by Jupiter and Kamino Finance.

What are trading platforms' current importance in the Solana ecosystem?

Advanced trading terminals are among Solana's best-performing businesses, with platforms like Axiom generating significant revenue, highlighting the meta of trading platforms in the current market.

How has Phantom been expanding its services?

Phantom has been actively expanding through acquisitions, including Simplehash (blockchain data indexing), Blowfish (security), and BitSki (embedded wallets), in addition to the recent acquisition of SolSniper.

Crypto Market AI's Take

Phantom's strategic acquisition of SolSniper highlights a critical trend in the evolving crypto landscape: the integration of sophisticated trading tools within user-friendly wallets. As the demand for seamless, advanced on-chain trading experiences grows, platforms like Phantom are looking to consolidate services. This move by Phantom mirrors the broader industry's shift towards becoming comprehensive financial super-apps, offering a wider array of decentralized finance (DeFi) functionalities. For users, this means greater convenience and access to powerful trading instruments directly from their wallets. This aligns with our mission at Crypto Market AI to provide cutting-edge AI-driven solutions for market analysis and automated trading, helping users navigate and capitalize on these evolving market dynamics.

Phantom Acquires SolSniper in Quest to Become Consumer Finance SuperApp