Phantom Wallet Adds Support For Layer 1 Sui In Multi-Chain Push

Key Points:

• Phantom Wallet adds support for Layer 1 Sui blockchain, expanding its multi-chain capabilities.
• With support for 15 million users, the integration allows access to SUI and decentralized apps.

Phantom Wallet adds support for Layer 1 Sui, allowing 15 million users to manage SUI, tokens, and interact with decentralized apps. This marks a significant multi-chain push.

Phantom Wallet adds support for Layer 1 Sui blockchain

With Phantom Wallet, users will be able to manage SUI and tokens, and interact with dApps on the Sui blockchain, further strengthening the multi-chain strategy that Phantom has been working on. This will enable users to exploit the unique features of SUI, such as its Move-based programming language and the vast world of decentralized finance. This increases Phantom's power in providing a wide variety of blockchain services as it makes a push into multi-chain support.

This means Sui will be the newest addition to the list of supported chains on Phantom, which comprises Solana, Ethereum, Polygon, Bitcoin, and Base. This expansion will further cement the commitment of Phantom to offering its 15 million users a much more secure and diversified platform. As the Sui blockchain is still growing, this integration is going to boost further adoption and innovation in space, especially when considering its high efficiency in transaction processing and an object-centric model, according to The Block.

Read more: Phantom Technologies Raises $150 Million At $3 Billion Valuation

Why Phantom Wallet’s Support for Layer 1 Sui Matters

This move by Phantom Wallet is a strategic entry into the world of Move-based blockchains within the Sui blockchain ecosystem. The integration will ensure seamless management of SUI assets in the wallet, which already supports a range of blockchains. Adding Sui into this mix gives users a platform optimized for scalability and an excellent user experience aligned with Phantom's wider vision for multi-chain wallet capability.

Sui’s growth over the past year, with a significant market cap and billions in transactions processed, makes it an appealing addition to Phantom. By supporting the platform, Phantom users gain access to decentralized apps like Suilend and Navi, as well as key tokens like BLUE and SEND. This strategic decision also aligns with Phantom's mission to facilitate seamless crypto experiences and empower users with access to cutting-edge blockchain solutions.