Phantom Wallet, which was originally designed as a Solana-exclusive wallet, has now expanded its support to the Sui network in a move towards becoming a multichain wallet platform. This expansion marks a significant milestone for the Sui ecosystem, as Phantom Wallet is known for being selective about which chains it supports. Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation, expressed excitement about the integration, stating that they are proud to be included among the notable chains supported by Phantom Wallet.
The decision to integrate Sui into Phantom Wallet comes at a time when the value of Sui has surged by over 100% in the past month, leading to a market cap of $10.8 billion. Sui now ranks eighth among blockchain networks in terms of total value locked (TVL), with $1.5 billion locked in the network according to DeFiLlama data. This growth in value and interest in alternative Layer 1 blockchains has positioned Sui as an attractive option for users looking to diversify their blockchain holdings.
Phantom CEO Brandon Millman has praised Sui’s technical capabilities, highlighting the blockchain’s scalability and developer-focused solutions. This aligns with Phantom Wallet’s commitment to supporting high-performance blockchains that offer innovative features and a seamless user experience. The integration of Sui into Phantom Wallet, available through both a browser extension and a mobile app, is aimed at enhancing wallet functionality for Sui users while also potentially attracting new retail participants to the network.
Overall, the expansion of Phantom Wallet to include support for the Sui network represents a strategic move towards offering a multichain platform that caters to the growing needs of blockchain users. As Sui continues to gain value and recognition in the market, this integration will further solidify its position as a leading blockchain network. With Phantom Wallet’s reputation for supporting top-performing blockchains, the partnership with Sui is expected to benefit both platforms and attract a wider audience of users looking to engage with innovative blockchain technologies.
