Build a Clone of a Blockchain App Like Phantom

December 30, 2025

Without any doubt, tech advancements like Blockchain-driven app development are changing how businesses can grow and scale online. And guess what! Apps like Phantom are already experiencing huge growth in their niches. Due to its simplicity, security, and fast performance, this app has gained huge popularity among crypto users worldwide. If you are also considering a similar business launch, building a clone of a blockchain app like Phantom can be a good investment.

In this blog, we will explain how Phantom works, the essential steps to build a similar blockchain app, and the business benefits of developing a crypto wallet. By the end, you’ll have a clear understanding of how to plan, design, and launch a secure, user-friendly blockchain app that can attract and retain users while offering long-term business growth.

About the Original Platform – Phantom

Phantom is a popular cryptocurrency wallet program that allows users to save, send, receive, and manage digital money and assets from many blockchains, including Solana, Ethereum, and Polygon, in one place. It works on both mobile and desktop devices, with a simple interface that feels natural to users of all skill levels.

Here’s a clear look at how Phantom runs its business and makes money:

• Free Wallet for Users

Phantom does not charge users just to create or hold a wallet. Anyone can download the app and manage their crypto without paying a regular fee. This helps attract many users quickly. 

• In‑App Swap Fees

One key way Phantom earns money is through its built‑in token swap feature. When users trade one cryptocurrency for another inside the wallet, Phantom takes a small fee from the swap. This has become a major income source. 

• Staking Rewards and Fees

Phantom also supports staking (letting users earn rewards by locking certain tokens). The wallet may take a small share of the staking reward as a fee, giving the company another income stream. 

• Partnerships for Purchases

Phantom partners with services like MoonPay, PayPal, and others let users buy crypto directly. These partnerships can bring in fees or commissions when transactions happen through third‑party providers. 

• Growing User Base and Funding

With millions of users and strong investor backing (including large funding rounds and high valuation), Phantom builds value not just through fees, but also by expanding its reach and features. 

Overall, Phantom’s model focuses on being free and easy to use while generating revenue from swap fees, transaction-linked services, and strategic partnerships that support long‑term growth.

Step-by-Step Approach To Build a Clone of a Blockchain App Like Phantom

If you want to build a blockchain wallet app like Phantom, start with simple and obvious steps. Want to know how?  Explore the steps mentioned below:

Understand The Market & Users

Begin by analyzing what customers want from a cryptocurrency wallet. See what Phantom users like about it, such as the ability to access many blockchains, perform rapid token exchanges, and view NFT easily. Take note of any issues that users are experiencing. This allows you to create features that people really need.

Decide on Key Features

Make a list of the main things your wallet should do. Include secure wallet creation, sending and receiving crypto, token swaps, NFT support, and connection to decentralized apps (dApps). Keep the initial list focused so you can launch sooner and add extras later. 

Choose Blockchain Networks

Decide which blockchains your wallet will support, like Solana, Ethereum, Polygon, or others. Multi‑chain support lets users manage many assets from one wallet and expands your user base. 

Design a Simple and Clear UI/UX

Plan how your app will look so that users can simply identify buttons and options. Simple screens make consumers more comfortable and eliminate confusion, especially for novices. 

Build Core Wallet Functions

Develop the backend so the app can safely create wallets and private keys, let users send and receive crypto, and show balances. Security is very important here because users control their own funds. 

Add Token Swap & NFT Features

Integrate in‑app token swapping so people can trade crypto without leaving the wallet. Add NFT viewing and management features, so users can see, send, and receive digital art or collectibles. 

Connect to Web3 and dApps

Allow users to connect the wallet to decentralized apps, markets, and DeFi services. This gives users more ways to use their tokens for staking, lending, gaming, and financial applications within the crypto ecosystem. 

Test and Secure the App

Before launching, test every feature carefully. Check for bugs, security holes, and performance issues. Get experts to audit your code so users’ funds stay safe. 

Launch and Gather Feedback

After testing, release the app to early users. Ask them what works well and what feels confusing. Use this feedback to improve and fix issues before a wider launch. 

Update Regularly

After launch, keep the wallet updated with new features, security fixes, and support for more chains. Regular updates keep users happy and help your app stay competitive. 

Business Benefits of Building a Blockchain App Like Phantom

Creating your own wallet app similar to Phantom can be more than just building software — it can help your business grow in many useful ways. Here are some simple and clear benefits:

Earn Money from Fees

Your wallet can charge small fees when users swap tokens or trade assets inside the app. Phantom has made millions just from swap fees, showing that this can be a strong income source. 

Attract a Large User Base

By offering a free wallet that is easy and secure to use, you can attract many crypto users. More users mean more activity and more earnings over time. 

Build Brand Identity

A custom wallet with your brand name and design lets your business stand out. People will associate your brand with safe, easy crypto use, helping build trust and loyalty. 

Multiple Ways to Grow

You can earn not just from fees, but also from premium features, NFT listing fees, partnership deals, and even API licensing for other projects to use your tech. 

Expand Into New Markets

A wallet app can work globally, letting you reach users in many countries. This opens doors to larger markets and more business opportunities. 

Connect With Web3 Ecosystems

Users can connect their wallets to dapps, marketplaces, and DeFi tools. That keeps people engaged in your app and generates usage, which , in turn, drives long-term value.

Flexible Growth Over Time

When your wallet goes live, you can add features such as staking, cross-chain compatibility, hardware wallet integrations, or advanced analytics. This keeps your app continually fresh and relevant in a changing tech environment.

Conclusion 

At last, all we would say is that building a blockchain wallet app like Phantom is a great business opportunity, but remember, it needs the right strategy, clear steps, and strong technical support. This is where RichestSoft, the top crypto wallet app development company, makes the journey simple and smooth. Our team understands how wallet apps work and focuses on safety, easy use, and real business needs. 

RichestSoft is with you every step of the way, from feature planning to secure wallet functionality and app launch. We keep the process open, honest, and stress-free, so you always know what’s going on. With RichestSoft as your Blockchain Development Company, you can turn your idea into a dependable blockchain wallet that customers will enjoy, all while your company grows steadily over time.