Sui is a Layer-1 blockchain that provides industry-leading performance and infinite horizontal scalability, and its token, SUI, is the industry's leading non-custodial blockchain.
The company announced that it will officially support Phantom Wallet, a multichain cryptocurrency wallet. This will bring support to the community that has been waiting for Phantom Wallet support.
Niti’s dream has come true. With 15 million active Phantom Wall users now having access to SUI within their wallets, SUI is now fully integrated into Phantom.
It is the only Move-based chain supported and the third Layer-1 blockchain. SUI provides fast, transparent asset ownership through its object-centric model.
By making it safe and easy for anyone to use, it has become one of the fastest growing Layer 1 blockchains in the history of the industry.
The SUI allows users to: Send, receive and manage SUIs in one intuitive interface
・Using tokens such as BLUE and SEND based on the Sui token standard
Easily swap SUI for thousands of other tokens
・Access to various DApps (Decentralized Apps) such as Suilend, Navi, Aftermath, and Bluefin
Since its launch in 2021, Phantom has grown rapidly to become one of the most popular wallets in the industry, with a target of over 850 million transactions by 2024.
It processes transactions and offers innovative features such as in-app token swaps, NFT storage, staking and seamless multi-chain integration.
The Sui integration reflects Phantom’s vision for a multi-chain future and will enable Solana-based users to
"We will provide an opportunity for users to explore the Sui blockchain and obtain a Sui address. When we migrate Phantom to a multi-chain wallet in 2023, we will use the most powerful chains to
"We set out to integrate only the best of the best," said Brandon McDonald, co-founder and CEO of Phantom.
Millman explained, "Sui is focused on scalability and excellence.
This user experience is perfectly aligned with Phantom's goal of creating a cryptocurrency environment that is easy for everyone to use.
Sui is expected to be in the top 10 based on Total Value Locked (TVL) in early 2024 and will have 100,000 TVL users in the Sui ecosystem as of January 4, 2025.
L has topped $2 billion. Sui has also become the second-largest destination for Ethereum outflows from the wormhole, drawing strong criticism from the broader crypto community.
The Phantom integration is an evolution of Solana's native lending protocol, Solend, and builds on the recent success of Solend.
Christian Sui, Managing Director of the Sui Foundation,
Thompson said, "Sui will be the first Movable wallet to be supported by Phantom Wallet.
Becoming an e-based chain is a testament to the progress the Sui community has made over the past year, and marks the beginning of the era of Sui and the start of our ecosystem serving the next billion cryptocurrencies.
"This indicates that Phantom is ready to onboard new users," the company said in a statement.
The Wallet is available via mobile apps for iOS and Android, as well as Chrome, Firefox, and Edge.
It is also available as a browser extension for Brave. More information on how to use the SUI with Phantom can be found on the official website.
2025/02/03 12:05 KST
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