Phantom Wallet Integrates Sui Blockchain for Web3 Expansion

Sui, a layer-1 blockchain network, has been integrated with Phantom Wallet, a Solana-native wallet with over 7 million monthly active users. This action highlights Phantom’s plan to provide centralized cryptocurrency storage and trading capabilities throughout the web3 ecosystem. It was disclosed in a press release that was shared with Crypto.News on December 5.

The Sui Foundation’s Global Head of Ecosystem, Jameel Khalfan, praised the advancement and emphasized its importance for the Sui community:

“Phantom Wallet’s support delivers long-awaited features to the Sui ecosystem. Being part of Phantom’s selective network of supported chains is a milestone that elevates Sui’s user experience to new heights.”

Phantom CEO Brandon Millman agreed, praising Sui’s creative approach to scalability and developer-centric solutions. He observed:

“Sui’s progress aligns with our vision for fostering blockchain participation. Together, we aim to support their growth and enhance the web3 experience.”

This connection follows Phantom’s addition of Coinbase’s L2 network, Base, which increased its multi-chain functionality. Among other things, Phantom now supports Base, Ethereum, Bitcoin, and Solana (SOL).

Phantom’s Development and Strategic Actions
In 2023 alone, Phantom recorded more over 560 million on-chain transactions, solidifying its position as a top wallet for staking, NFT trading, and cryptocurrency storage. A recent acquisition of cybersecurity company Blowfish strengthened the startup’s security measures after a minor iOS bug momentarily interfered with user access.

With Sui’s integration, Phantom Wallet expands its appeal in the highly competitive digital wallet market and reinforces its dedication to providing blockchain users with a safe, flexible, and state-of-the-art platform.

source