Phantom Wallet announces support for SUI Network

In a modern weblog afterThe Sui Basis has formally revealed that Phantom Pockets, a premier non-custodial multichain cryptocurrency pockets, will combine with the Sui Community.

Phantom boasts the most important on-chain pockets person base within the web3 panorama with roughly 7 million month-to-month lively customers. With a complete of over 560 million on-chain transactions this yr alone, Phantom is making waves with its standout options equivalent to staking, in-app token swaps, NFT storage, multichain help, and seamless Ledger {hardware} pockets integration.

This improvement marks a pivotal second for the Sui Community, because it turns into the primary blockchain alongside Solana, Bitcoin and Ethereum to obtain help from this modern pockets.

“The combination of Phantom Pockets with Sui represents a quantum leap for the Sui ecosystem, which is able to now have entry to a premium pockets expertise with a number of options that the Sui group has been asking for,” stated Jameel Khalfan, World Head of Ecosystem at Sui Basis. “Phantom Pockets is selective within the chains they help, and we’re proud to now be a part of this outstanding group.”

Phantom’s integration goals to supply Sui customers with a strong and safe pockets resolution. It should even be accessible as a browser extension for Chrome, Firefox, Edge and Courageous and as a cellular app for iOS and Android gadgets.

“We’re excited to convey Sui help to hundreds of thousands of Phantom customers,” stated Brandon Millman, CEO of Phantom. He highlighted that Sui’s considerate method to scalability and developer-centric options aligns with their dedication to high-performing blockchains.

The combination of Phantom Pockets with the Sui community is a crucial step towards enhancing interoperability, demonstrating the rising curiosity in multichain futures amongst pockets suppliers and dApp builders.

Notably, Sui’s worth has elevated by greater than 100% up to now month, propelling the blockchain to a market capitalization of $10.8 billion, amid rising curiosity in different Layer 1 blockchains. Sui now ranks eighth amongst blockchain networks by way of whole worth locked (TVL), with $1.5 billion.