In a latest blog afterThe Sui Foundation has officially revealed that Phantom Wallet, a premier non-custodial multichain cryptocurrency wallet, will integrate with the Sui Network.
Phantom boasts the largest on-chain wallet user base in the web3 landscape with approximately 7 million monthly active users. With a total of over 560 million on-chain transactions this year alone, Phantom is making waves with its standout features such as staking, in-app token swaps, NFT storage, multichain support, and seamless Ledger hardware wallet integration.
This development marks a pivotal moment for the Sui Network, as it becomes the first blockchain alongside Solana, Bitcoin and Ethereum to receive support from this innovative wallet.
“The integration of Phantom Wallet with Sui represents a quantum leap for the Sui ecosystem, which will now have access to a premium wallet experience with several features that the Sui community has been asking for,” said Jameel Khalfan, Global Head of Ecosystem at Sui Foundation. “Phantom Wallet is selective in the chains they support, and we are proud to now be part of this remarkable group.”
Phantom’s integration aims to provide Sui users with a robust and secure wallet solution. It will also be accessible as a browser extension for Chrome, Firefox, Edge and Brave and as a mobile app for iOS and Android devices.
“We’re excited to bring Sui support to millions of Phantom users,” said Brandon Millman, CEO of Phantom. He highlighted that Sui’s thoughtful approach to scalability and developer-centric solutions aligns with their commitment to high-performing blockchains.
The integration of Phantom Wallet with the Sui network is an important step toward improving interoperability, demonstrating the growing interest in multichain futures among wallet providers and dApp developers.
Notably, Sui’s value has increased by more than 100% in the past month, propelling the blockchain to a market capitalization of $10.8 billion, amid rising interest in alternative Layer 1 blockchains. Sui now ranks eighth among blockchain networks in terms of total value locked (TVL), with $1.5 billion.