Phantom Wallet Integrates Sui Blockchain, Expanding Access for 15 Million Users
Phantom Wallet has made a significant move by integrating the Sui blockchain into its platform, providing its extensive user base of 15 million with direct access to the Move-based network and its wide array of decentralized applications.
Enhancing Multichain Support
With the addition of Sui, the wallet now supports a diverse range of networks including Bitcoin, Ethereum, Base, Polygon, and Solana. This multichain approach allows users to seamlessly interact with various cryptocurrencies and decentralized applications.
Seamless Token Management and DApp Access
Users can now easily send, receive, and manage SUI tokens within the Phantom Wallet, enabling them to participate in the Sui blockchain ecosystem. This integration also opens up access to popular decentralized applications such as Suilend and Bluefin.
Rapid Adoption and Growth
Sui has witnessed a surge in adoption, becoming the second-largest destination for Ethereum outflows via Wormhole. This trend underscores the growing interest in Sui protocols and the blockchain’s expanding user base.
“When we transformed Phantom into a multichain wallet in 2023, we did so with the commitment that only the most capable chains would be integrated into the app,” said Brandon Millman, CEO of Phantom.
Market Performance
Currently, Sui boasts a total value locked (TVL) of $1.6 billion, with a peak of $2 billion recorded on January 4. Despite a 31% decrease from its all-time high, the native token is trading at $3.63, reflecting a substantial 180% increase from the previous year.