Phantom Wallet Adds Sui Blockchain Support
The popular crypto wallet Phantom announced it will integrate support for Sui, expanding its existing support for Solana, Ethereum, and Bitcoin.
What’s the Scoop?
- User Reach: Adding Sui will provide the “next-generation” network exposure to Phantom’s 7M monthly active users, who conducted 560M onchain transactions in 2024.
- Feature Expansion: Through Phantom, Sui users can stake, swap tokens, store their NFTs storage, and maintain compatibility with Ledger hardware wallets.
- Community Milestone: Given Phantom’s popularity, its integration with Sui marks a major sign of confidence in Sui’s scalability and developer-first solutions.
Bankless Take
Phantom’s integration of Sui comes as the network continues to show strong growth, both from a price and activity perspective. In the past month, the network’s total value locked (TVL) has increased ~77%, while its price is up ~110% in the same time. Given Phantom’s strong user base, the integration will likely only add fuel to the fire, exposing the network more directly to existing crypto users.