Phantom, a leading cryptocurrency wallet primarily used on the Solana blockchain, has successfully raised $150 million in a Series C funding round, achieving a valuation of $3 billion. The funding round was co-led by prominent venture capital firms Sequoia Capital and Paradigm, with participation from a16z crypto and Variant. The wallet currently boasts 15 million active users and manages assets worth $25 billion. This latest funding effort is part of a broader trend in the crypto sector, where venture capital investments surged by 46% quarter-over-quarter in Q4 2024, totaling $3.5 billion across 416 deals, marking the highest level of activity in two years.