Phantom Drops Monad Support to Integrate Robinhood Chain

What happened

Phantom wallet announced it will stop supporting the Monad blockchain on August 26 and will instead focus on the Robinhood Chain and tokenized real‑world assets built on Arbitrum Orbit.

Confirmed

Global impact / market context

By dropping Monad, Phantom reallocates resources to a chain with higher growth potential and to tokenized assets, which could attract more users and increase transaction fees, strengthening its competitive position.

Analyst inference

The crypto wallet market is competitive, with users seeking wallets that support the most useful blockchains and assets. Phantom’s shift reflects broader industry moves toward newer chains and tokenized real‑world assets.

Confirmed

What to watch

1. User migration from Monad to Robinhood Chain could affect Phantom’s active wallet count and transaction volume, influencing its revenue from fees. Analyst inference
2. Adoption of tokenized real‑world assets on Arbitrum Orbit may drive demand for Phantom’s services, potentially boosting its market share among investors seeking regulated assets. Analyst inference
3. Regulators may scrutinize the integration of real‑world assets, which could lead to new compliance requirements for Phantom and similar wallets. Proposed

Affected assets

• SOL — Solana
• ARB — Arbitrum
• ETH — Ethereum
• RWA — Allo

Evidence

• cryptodnes.bg