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crypto.news 2025-01-29 16:34:10

Phantom wallet officially adds support for Sui

Phantom wallet officially adds support for Sui

Non-custodial crypto wallet Phantom has officially added support for the layer-1 blockchain Sui. Following the initial announcement about a planned Phantom wallet and Sui ( SUI ) integration in early December, the two platforms have have now confirmed official support. With this integration, Sui becomes the first Move-based blockchain network to connect with the wallet. This milestone means the multichain wallet is now available to SUI holders, allowing millions of Phantom users to natively access this top 20 cryptocurrency token directly within their wallets. Notably, Phantom boasts over 15 million monthly active users. “The launch of Sui as the first Move-based chain on the Phantom Wallet validates what the community has accomplished in the past year,” Christian Thompson, managing director of the Sui Foundation, said in a statement. “Sui’s time has arrived, and it is clear that the ecosystem is ready to onboard the next billion users into crypto,” he added. Beyond the ability to send, receive, and manage SUI on Phantom, users will also have access to Sui token standard assets such as BLUE and SEND. The integration supports swaps and connects to top decentralized applications, including Suilend, Bluefin, Navi, and Aftermath. Read more: What is Sui? A deep dive into the L1 blockchain Phantom launched as a Solana ( SOL )-centric wallet in 2021 and has since become one of the crypto market’s most popular wallets. Its growth has included the addition of features such as in-app token swaps, staking, non-fungible token storage, and multichain integration. This latter feature led to its expansion to the layer-2 blockchain Base in November 2024. “When we transformed Phantom into a multichain wallet in 2023, we did so with the commitment that only the most capable chains would be integrated into the app,” Brandon Millman, chief executive officer of Phantom, said. “Sui’s focus on scalability and its superior user experience aligns perfectly with Phantom’s goal of making crypto accessible for everyone.” Phantom raised $150 million in its Series C round at a $3 billion valuation. The platform announced the development on Jan. 17, noting that it received backing from venture capital firms Sequoia, Paradigm, and a16z Crypto. The wallet provider has raised a total of $268 million in VC funding. You might also like: D3 raises $25m in funding round led by Paradigm

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