Unlocking a new level of accessibility for the Sui blockchain, its native cryptocurrency SUI is now available on the Phantom Wallet. This is big news for the Move-based blockchain, which is now accessible to the more than 15 million Phantom users. It makes Sui the first Move-based blockchain to be supported on that wallet platform and the third Layer-1 blockchain in general to be accessible on Phantom. Phantom is pushing into a multi-chain ecosystem to make life easier for users and to broaden the user base of decentralized tech. With this integration, Sui has advanced its position in the rapidly evolving blockchain space, solidifying its footprint in the industry. A Strategic Move Toward Multi-Chain Accessibility Both platforms share a vision of making the blockchain accessible to more people, and they see Phantom Wallet as a bridge to doing that. “We’re really excited to be a partner with Phantom,” says Christian Thompson, managing director of the Sui Foundation . “The launch of Sui as the first Move-based chain on the Phantom Wallet validates what the community has accomplished in the past year,” Phantom Wallet is now the first Move-based platform. It is one of the first decentralized apps to connect with the Sui blockchain. Therefore, saying that Phantom Wallet is first Move-based wallet is true—but it’s also not the whole story. Phantom, which is now known for more than just its support of Solana (SOL), has been busy building an even broader multi-chain ecosystem. With Sui now on board, Phantom users can access one of the most exciting and fastest-growing blockchains around today, known for its unrivaled scalability, security, and high-performance features. This sentiment received further reinforcement from Brandon Milman, CEO of Phantom. He zeroed in on how Sui’s infrastructure meshes with Phantom’s mission to make crypto accessible to the masses. “Sui’s focus on scalability and its superior user experience aligns perfectly with Phantom’s goal of making crypto accessible for everyone,” Milman stated. Phantom, which has 15 million active users, gives Sui an opportunity to increase adoption at an exponential rate. The way things are set up right now, that puts Sui in a really strong place to become one of the leading blockchain networks. Sui’s Impressive Growth: A Look at Its Market Standing As of early 2024, Sui has started to assert itself in the blockchain space and has been showing some really strong market performance. As of January 4, 2024, Sui surpassed a Total Value Locked (TVL) of $2 billion, and that is also reflecting a pretty good growth trajectory, I think, since the platform recently launched on mainnet back in March of 2023. Sui’s success stems from its distinct manner of handling blockchain scalability and transaction efficiency, setting it well apart from traditional networks. Sui runs on the Move programming language and does what legacy blockchains can’t—perform well under pressure—serving Sui at least as an attractive option for both developers and end users. SUI NETWORK ANNOUNCES INTEGRATION WITH PHANTOM WALLET – @SuiNetwork has announced its integration with @Phantom wallet, an industry-leading non-custodial multichain crypto wallet. -The latest development will allow Phantom's 15 million active users to access the SUI blockchain… https://t.co/niTU0QSJ45 pic.twitter.com/cYKeOKckBN — BSCN (@BSCNews) January 29, 2025 Market Signals: Is SUI Gearing Up for a Price Rebound? The integration of Phantom Wallet has intensified investor sentiment around SUI. And when it comes to the price action, analysts are watching closely. They may be offering a mix of bullish and bearish perspectives, if I had to guess. But according to the TD Sequential indicator, SUI is not only a buy, but it’s offering a pretty sweet technical setup at the moment that could see the price rebound soon. SUI has on-chain fundamentals that are too good to ignore. They are strong, they are getting stronger, and they are providing a growing presence in the realm of decentralized applications (dApps). The crypto world fundamentally changes how we think about everything from money to governance, and Sui has its place in that world. But what will happen next? How are things looking from a market point of view? And why is my price prediction for SUI 50% higher than what we saw at the end of March? Conclusion: A Step Toward a More Inclusive Blockchain Ecosystem Phantom Wallet’s integration with Sui represents a significant step forward for both the project and the wider multi-chain ecosystem. This milestone makes Sui the first Move-based blockchain to partner with Phantom. It further extends Sui’s reach into another facet of the blockchain universe and, along with that, it opens up another area for potential, as yet unrealized, user accessibility. Phantom Wallet’s integration with Sui represents a significant step forward for both the project and the wider multi-chain ecosystem. As of now, Sui is the first Move-based blockchain to partner with Phantom; therefore, it can be said that Sui has extended its reach into yet another facet of the blockchain universe. At present, Sui has total locked value (TVL) of over $2 billion, and it is experiencing rising adoption. Further, it has a number of positive technical indicators that could lead to it having a very good performance in 2024 and possibly beyond. So even if it takes another Sui year for Sui to reach maturity, it could still be a major player in the space long before then. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch
