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Cryptocurrency News Articles

Phantom Wallet Officially Integrates the Sui Blockchain

Jan 30, 2025 at 03:46 am

This marks a significant milestone for both platforms, expanding crypto accessibility for millions of users.

Phantom Wallet Officially Integrates the Sui Blockchain

Phantom Wallet has officially integrated the Sui blockchain, expanding crypto accessibility for millions of users and marking a significant milestone for both platforms. This integration represents a transformative moment for the Sui ecosystem.

Phantom's 15 million monthly active users will now be able to interact with the Sui ecosystem seamlessly. They can send, receive, and manage SUI tokens while accessing various decentralized applications, including Suilend, Navi, Aftermath, and Bluefin.

“We are excited to announce that SUI is now live on Phantom,” Phantom announced via Twitter on January 4, 2025.

“Send, swap, and explore the first Move-based chain on Phantom,” the announcement continued.

Phantom is a non-custodial crypto wallet that initially supported the Solana blockchain. However, the platform's strategy has shifted towards becoming a multi-chain wallet. This move is evident in the careful selection of only the most capable blockchain networks for integration.

According to Phantom's CEO, Brandon Millman, Sui's focus on scalability and superior user experience aligns perfectly with Phantom's goal of making crypto accessible for everyone.

“We are excited to integrate with Sui, a blockchain known for its scalability and seamless user experience—a perfect fit for Phantom's mission to make crypto accessible for all,” Millman stated.

Sui's Unprecedented Growth and Potential

This integration marks a crucial step in Sui's remarkable journey. Being the first Move-based blockchain and the third Layer 1 network to be fully supported by Phantom is a testament to Sui's performance.

Having joined the top 10 blockchains by Total Value Locked (TVL), Sui's potential is undeniable. On January 4, 2025, it reached $2 billion locked in its ecosystem.

Moreover, Sui has become the second-largest destination for Ethereum outflows via Wormhole, indicating growing trust in its infrastructure.

Highlighting the importance of this milestone, Managing Director of the Sui Foundation, Christian Thompson, said in a statement,

“Sui's time has arrived, and it is clear that the ecosystem is ready to onboard the next billion users into crypto.”

This integration offers users a wide range of features, including native SUI token management, access to Sui-based tokens like BLUE and SEND, seamless token swaps, and direct connections to leading Sui decentralized applications.

Phantom supports this integration across multiple platforms, including browser extensions for Chrome, Firefox, Edge, and Brave, as well as mobile apps for iOS and Android.

With this launch, Phantom and Sui are not just expanding blockchain interoperability but are actively working to simplify and democratize cryptocurrency access for millions of users worldwide.

Disclaimer:info@kdj.com

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