The Sui Foundation has made an exciting announcement in a recent blog post, revealing the integration of Phantom Wallet with the Sui network. Phantom Wallet is a leading non-custodial multichain cryptocurrency wallet that boasts the largest on-chain wallet user base in the web3 landscape, with approximately 7 million monthly active users. This year alone, Phantom has processed over 560 million total on-chain transactions, showcasing its popularity and robust features such as staking, in-app token swaps, NFT storage, multichain support, and seamless Ledger hardware wallet integration.
This integration with Phantom Wallet marks a significant milestone for the Sui network, as it becomes the first blockchain beyond Solana, Bitcoin, and Ethereum to receive support from this innovative wallet. Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation, expressed his excitement about the collaboration, stating that the Sui community will now have access to a top-tier wallet experience with features that they have been eagerly anticipating.
Phantom Wallet’s integration will provide Sui users with a secure and reliable wallet solution, available as a browser extension on Chrome, Firefox, Edge, and Brave, as well as a mobile app for iOS and Android devices. CEO of Phantom, Brandon Millman, emphasized the alignment of Sui’s scalability and developer-focused solutions with Phantom’s dedication to high-performing blockchains, highlighting the potential benefits of this partnership for both platforms.
The integration of Phantom Wallet with the Sui network signifies a significant step towards enhancing interoperability and reflects the growing interest in multichain futures among wallet providers and dApp developers. Additionally, Sui’s value has experienced a notable increase of over 100% in the past month, propelling the blockchain to a market cap of $10.8 billion. Sui now ranks eighth among blockchain networks in terms of total value locked (TVL), reaching $1.5 billion.
Overall, the collaboration between Phantom Wallet and the Sui network holds promise for expanding the capabilities and user experience of both platforms, while also contributing to the broader trend of multichain adoption in the cryptocurrency space.