Phantom Wallet Expands to Sui Ecosystem Amid Blockchain Growth

Phantom Wallet Adds Sui to Its Multichain Portfolio

Phantom Wallet has extended its support to the Sui network, adding another blockchain to its growing list of supported ecosystems. Previously known as a Solana-exclusive wallet, Phantom has transitioned into a multichain platform, now compatible with Bitcoin, Ethereum, Polygon, and Base.

Sui Blockchain Gains Momentum with 100% Value Surge

The integration comes during a period of rapid growth for the Sui blockchain. Over the past month, Sui’s value has surged by more than 100%, driving its market capitalization to $10.8 billion. The blockchain now ranks eighth in total value locked (TVL), with $1.5 billion secured across its ecosystem, according to data from DeFiLlama.

Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation, emphasized the importance of this partnership. “Phantom Wallet is selective about which chains they support, and we are proud to now be included among this notable group,” he said.

A Strategic Move for Phantom Wallet

Phantom’s leadership praised Sui’s innovative approach to scalability and its developer-centric solutions. “Sui’s thoughtful approach to scalability and developer-focused solutions aligns with our commitment to high-performant blockchains,” said Brandon Millman, CEO of Phantom Wallet.

The wallet’s integration with Sui will be available through its browser extension and mobile app. This move is expected to enhance wallet functionality for existing Sui users while potentially attracting new retail participants to the ecosystem.

Implications for the Blockchain Ecosystem

The inclusion of Sui in Phantom Wallet underscores a growing demand for multichain solutions as users seek seamless access to multiple blockchain networks. Sui’s rise in market value and its robust technological framework position it as a strong contender in the competitive Layer 1 blockchain space.