Key Notes
- Phantom acquires SimpleHash to enhance real-time token and NFT information for customers, integrating the platform’s know-how into its pockets ecosystem.
- The deal will see SimpleHash’s group be a part of Phantom to offer complete insights and real-time market information for customers.
- SimpleHash providers will likely be discontinued, permitting its group to focus completely on enhancing Phantom’s blockchain information capabilities.
Main decentralized pockets supplier Phantom has immediately introduced the acquisition of SimpleHash, a blockchain information platform specializing in token and NFT analytics. The transfer is geared toward bettering the corporate’s capacity to offer real-time asset insights, enhancing person expertise throughout its pockets ecosystem.
Whereas the monetary particulars of the deal stay undisclosed, Phantom confirmed that SimpleHash’s group will be a part of its ecosystem to assist “supercharge token information for customers.” With the group onboard, Phantom goals to push the boundaries of what’s doable for crypto information accessibility.
We’ve acquired massive information…
We’ve acquired @SimpleHashInc, the main token information platform that gives real-time, complete blockchain insights. 🎉 pic.twitter.com/lbCirdzxu8
— Phantom (@phantom) February 26, 2025
Third Acquisition in Underneath a 12 months
As a part of the acquisition, SimpleHash will steadily part out its standalone. Phantom stated in a blog post revealed February 26 that the corporate, established in 2022 had already knowledgeable prospects concerning the service discontinuation.
“With SimpleHash now a part of Phantom, customers can anticipate a quicker, richer, and extra dependable expertise when interacting with their belongings. As a part of this transition to Phantom, SimpleHash has notified all present prospects that the present service will likely be sundown,” reads the weblog publish.
With the providers discontinued, the group will now focus completely on integrating its know-how into Phantom’s ecosystem, making certain a clean transition.
Since final yr, Phantom has been steadily pushing to change into a extra complete monetary platform for crypto customers. The corporate stated the newest acquisition of SimpleHash marks its third buy in beneath one yr.
Phantom beforehand acquired Blowfish in November 2024 to bolster safety measures and Bitski in Might 2024, increasing its attain within the Web3 pockets area. Nevertheless, with SimpleHash, the agency plans to concentrate on offering real-time market insights to customers.
Correct Token Information Insights
As a blockchain information platform, SimpleHash already helps greater than 80 protocols. In response to the weblog publish, the agency processes hundreds of requests per second, making it some of the sturdy token information infrastructures within the trade.
By integrating SimpleHash, Phantom is making certain that customers have entry to real-time value monitoring for cryptocurrencies and non-fungible tokens (NFTs), on the spot metadata updates, superior spam detection and scalable infrastructure that may deal with excessive visitors with ease.
Phantom CEO Brandon Millman believes the platform will considerably improve usability for Phantom customers.
“By bringing on SimpleHash, we’re making certain that Phantom customers have essentially the most correct and complete token information. SimpleHash unlocks an entire new degree of usability for Phantom customers,” he stated.
In the meantime, Phantom is without doubt one of the main self-custodial wallets for Solana customers. Nevertheless, the multi-chain pockets has since expanded its capabilities to help the Ethereum blockchain, Polygon, Bitcoin and different blockchain networks making it a flexible alternative for crypto customers.
The corporate gives customers the flexibility to maneuver their belongings throughout its supported chains with options like token swapping, staking and NFT administration.
In January, Phantom closed its Collection C funding spherical, elevating $150 million from enterprise capital firms like a16z and Variant. At the moment, the Web3 pockets supplier is valued round $3 billion.
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Chimamanda is a crypto fanatic and skilled author specializing in the dynamic world of cryptocurrencies. She joined the trade in 2019 and has since developed an curiosity within the rising economic system. She combines her ardour for blockchain know-how together with her love for journey and meals, bringing a contemporary and fascinating perspective to her work.
