CoinDesk reported that "Cryptocurrency wallet Phantom has surpassed Coinbase in the Apple US App Store download rankings, indicating a shift on-chain as traders embrace high-risk memetic coins." Currently, Phantom ranks 7th in Apple's free application rankings, while Coinbase remains in 27th place. The media outlet explained that "Coinbase's App Store download ranking has been a barometer of individual investor participation in the cryptocurrency market," and that "with the memetic coin craze, new traders who want to bet on memetic coins that are not listed on exchanges such as Coinbase are moving to on-chain platforms such as Phantom." Regarding this, Phantom CEO Brandon Millman emphasized that "existing centralized exchanges cannot keep up with the new on-chain paradigm quickly enough."
Foreign media: "Phantom, far surpasses Kobe in Apple App Store rankings... On-chain changes following the meme coin craze"
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