Sui launches on Phantom Wallet, expanding access to 15 million users

Phantom Pockets has built-in Sui blockchain, giving its 15 million customers direct entry to the Transfer-based community and its ecosystem of decentralized functions.

Sui joins Bitcoin, Ethereum, Base, and Polygon as supported networks on the multichain crypto pockets, which initially centered on Solana.

The mixing permits customers to ship, obtain, and handle SUI tokens whereas accessing decentralized functions like Suilend and Bluefin on the Sui blockchain.

Sui has additionally emerged because the second-largest vacation spot for Ethereum outflows by way of Wormhole, signaling an accelerated adoption of Sui protocols by crypto customers.

“Once we remodeled Phantom right into a multichain pockets in 2023, we did so with the dedication that solely essentially the most succesful chains could be built-in into the app,” stated Brandon Millman, CEO of Phantom.

Sui’s complete worth locked (TVL) at present stands at $1.6 billion, after reaching a file $2 billion on January 4.

The blockchain’s native token trades at $3.63, down 31% from its all-time excessive however sustaining a 180% improve from final 12 months’s ranges.