Phantom Wallet has expanded support for the Sui Network as part of its push to become a multichain wallet.
Initially known as a Solana exclusive wallet, Phantom Wallet has now evolved into a multichain platform expanding beyond Solana, Bitcoin, Ethereum, and Polygon to include Sui.
“The integration of Phantom Wallet with Sui represents a quantum leap for the Sui ecosystem,” said Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation. “Phantom Wallet is selective in the chains they support, and we are proud to now be part of this remarkable group.”
The expansion comes as Sui’s value has surged more than 100% in the past month, propelling the blockchain to a market cap of $10.8 billion, amid growing interest in alternative Layer 1 blockchains.
According to data from DeFiLlama, Sui now ranks eighth among blockchain networks in terms of total value locked (TVL), with $1.5 billion.
Phantom CEO Brandon Millman expressed support for Sui’s technical capabilities: “Sui’s thoughtful approach to scalability and developer-centric solutions aligns with our commitment to high-performance blockchains.”
The wallet integration, available via both browser extension and mobile app, will improve wallet functionality for Sui users while attracting new retail participants.
Credit : cryptonews.net
