Phantom Wallet Announces Support For SUI Network

The post Phantom Wallet Announces Support For SUI Network appeared first on Coinpedia Fintech News In a latest blog post , The Sui Foundation has officially revealed that Phantom Wallet, a top-tier 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 about 7 million monthly active users. Exceeding 560 million total on-chain transactions this year alone, Phantom is making waves with its standout features like 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 beyond Solana, Bitcoin, and Ethereum to gain support from this innovative wallet. “The integration of Phantom Wallet with Sui represents a giant leap for the Sui ecosystem, which now gets access to a first-class wallet experience with several features that the Sui community has been asking for,” said Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation. “Phantom Wallet is selective about which chains they support, and we are proud to now be included among this notable group.” Phantom’s integration is set to empower Sui users with a robust and secure wallet solution. It will be also be accessible as a browser extension across 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 underscored that Sui’s thoughtful approach to scalability and developer-focused solutions aligns with their commitment to high-performing blockchains. Phantom Wallet’s integration with the Sui network is a significant step towards enhancing interoperability, demonstrating the growing interest in multichain futures among wallet providers and dApp developers. Notably, Sui’s value has increased by over 100% in the past month, driving the blockchain to a market cap 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.