KEY TAKEAWAYS
- Phantom Wallet integrates Sui, joining Solana, Bitcoin, and Ethereum as supported Layer 1 blockchains.
- With over seven million monthly users, Phantom leads in onchain transactions among cryptocurrency wallets.
- The integration enhances interoperability, reflecting a shift towards a multichain future in the crypto wallet industry.
- Sui’s focus on scalability aligns with Phantom’s commitment to supporting high-performance blockchains.
Phantom Wallet, a leading non-custodial multichain cryptocurrency wallet, has announced the integration of Sui into its supported blockchains. Sui will join Solana, Bitcoin, and Ethereum as the only Layer 1 blockchains currently supported by Phantom Wallet. This development was announced here.
With seven million monthly active users, Phantom boasts the largest onchain user base among cryptocurrency wallets. The wallet has facilitated over 560 million total onchain transactions this year. Key features of Phantom include staking, in-app token swaps, NFT storage, multichain support, and integration with Ledger hardware wallets.
The addition of Sui marks a significant milestone for both Phantom and the Sui ecosystem. Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation, stated that the integration provides Sui users with access to a first-class wallet experience, fulfilling several community requests. Khalfan emphasized the selectivity of Phantom Wallet in choosing which blockchains to support, highlighting the importance of Sui’s inclusion.
Phantom’s integration with Sui enhances interoperability and reflects a broader trend among wallet providers and app builders towards a multichain future. This approach contrasts with focusing on a single blockchain ecosystem.
The integration will offer Sui users a reliable and secure wallet solution available as a browser extension for Chrome, Firefox, Edge, and Brave, as well as a mobile app for iOS and Android. Brandon Millman, CEO of Phantom, expressed enthusiasm for the collaboration, noting that Sui’s focus on scalability and developer-friendly solutions aligns with Phantom’s commitment to supporting high-performance blockchains.
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