- Phantom acquires Solsniper to enhance its Solana trading features.
- Entire Solsniper team joins Phantom post-acquisition.
- Transaction highlights expansion in Solana’s trading infrastructure.
Phantom, a prominent Solana crypto wallet, has acquired Solsniper, a Solana trading and analytics platform, with the entire Solsniper team joining Phantom.
This acquisition aims to boost Phantom’s direct trading capabilities, affecting Solana’s trading ecosystem.
In a recent move, Phantom, a leading Solana-based crypto wallet, acquired the Solana trading platform Solsniper. This acquisition aligns with Phantom’s goal to expand its direct trading capabilities.
Solsniper, led by co-founder Max Zhuang, will continue as a standalone app. The acquisition integrates Solsniper’s analytics tools within Phantom’s ecosystem.
The immediate impact of this acquisition is on Solana’s trading ecosystem, particularly enhancing trading functionalities for memecoins and other tokens on the platform.
Economic implications are focused on improving trading efficiency within the Solana network, though financial terms of the deal remain undisclosed.
No direct commentary from leading global figures or Phantom’s higher-ups has emerged regarding the acquisition yet.
Insights point towards enhanced trading infrastructure potentially attracting more institutional and retail engagement within Solana’s ecosystem, aligning with historical trends observed in similar acquisitions.
Max Zhuang, Co-founder & CEO, Solsniper, said, “We are excited to join the Phantom team and enhance the trading experience on the Solana network.”
