Solana News Today: Phantom Acquires Solsniper to Expand Solana Trading Ecosystem

Phantom, a leading non-custodial multichain wallet provider, has announced the acquisition of Solsniper, a high-speed trading and analytics platform focused on the Solana blockchain. The move is part of Phantom’s strategy to expand beyond its core wallet functionality and build a broader onchain financial ecosystem [1]. Solsniper, launched in 2021, is known for its precision tools that allow traders to monitor tokens, track wallet activity, and execute trades with speed and accuracy. Phantom emphasized that Solsniper’s platform will continue to operate as a standalone service post-acquisition, maintaining its existing functionality while integrating with Phantom’s broader infrastructure [2].

The acquisition brings Solsniper’s team, including co-founder and CEO Max Zhuang, into Phantom’s organization. The team is described as having extensive experience in the crypto market, having operated through both bullish and bearish cycles. Phantom highlighted the technical and user experience expertise the Solsniper team brings, which will help enhance Phantom’s offering for advanced traders [3]. This follows Phantom’s earlier acquisition of Simplehash, another strategic move aimed at strengthening its position in the Solana ecosystem.

Phantom, which supports multiple blockchains including Solana, Ethereum, Polygon, and Bitcoin, aims to evolve into a comprehensive onchain consumer finance platform. The company stated that combining Solsniper’s advanced features with its own infrastructure and user base will allow it to serve new audiences and expand its financial services [4]. Phantom has outlined plans to introduce new upgrades to Solsniper in the coming months, signaling a long-term commitment to innovation and market expansion.

The acquisition aligns with a growing trend among blockchain wallet providers to diversify their services and capture more value from the expanding crypto market. Solsniper’s user-friendly interface and fast execution capabilities are expected to complement Phantom’s existing tools, enhancing trading speed and precision for users engaged in the volatile memecoin market [5]. Analysts have noted that Phantom’s ability to secure top talent and integrate cutting-edge technologies through acquisitions will be critical to its continued growth.

The move has been positively received by the crypto community, with many viewing it as a clear signal of Phantom’s commitment to innovation and user experience. As Phantom moves forward with the integration of Solsniper’s infrastructure, it is expected to maintain a focus on transparency, security, and scalability, all of which are essential for long-term success in the blockchain industry [6].

Source:

[1] https://news.bitcoin.com/phantom-acquires-solana-trading-platform-solsniper-to-expand-services/

[2] https://www.mitrade.com/insights/news/live-news/article-3-1011750-20250805

[3] https://blockchain.news/flashnews/phantom-acquires-solsniper-to-boost-solana-sol-trading-speed-and-precision-for-crypto-traders

[4] https://phemex.com/news/article/phantom-acquires-solsniper-to-broaden-financial-services_14387

[5] https://www.fxleaders.com/news/2025/08/05/solana-surges-past-167-strategic-acquisitions-and-seeker-phone-rollout-signal-ecosystem-expansion/

[6] https://www.ainvest.com/news/solana-news-today-phantom-acquires-solsniper-boost-solana-memecoin-trading-infrastructure-2508/