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

Phantom Wallet has integrated Sui blockchain, giving its 15 million users direct access to the Move-based network and its ecosystem of decentralized applications.

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

The integration allows users to send, receive, and manage SUI tokens while accessing decentralized applications like Suilend and Bluefin on the Sui blockchain.

Sui has also emerged as the second-largest destination for Ethereum outflows via Wormhole, signaling an accelerated adoption of Sui protocols by crypto users.

“When we transformed Phantom into a multichain wallet in 2023, we did so with the commitment that only the most capable chains would be integrated into the app,” said Brandon Millman, CEO of Phantom.

Sui’s total value locked (TVL) currently stands at $1.6 billion, after reaching a record $2 billion on January 4.

The blockchain’s native token trades at $3.63, down 31% from its all-time high but maintaining a 180% increase from last year’s levels.