tl;dr
Phantom Wallet, a leading non-custodial, multichain crypto wallet with over 7 million active users monthly, has integrated with the Sui network. This marks a significant milestone for both platforms, as Sui becomes the fourth blockchain on Phantom Wallet, introducing the first blockchain outside of ...
Phantom Wallet, a leading non-custodial, multichain crypto wallet, recently integrated with the Sui network, marking a significant milestone for both platforms. This integration makes Sui the fourth blockchain on Phantom Wallet and the first blockchain outside of Solana, Bitcoin, and Ethereum to join its ecosystem.
The Sui network has experienced remarkable growth following the integration, achieving a record total value locked (TVL) of $1.72 billion and a native token reaching an all-time high of $4.40. This surge in TVL positions Sui as the eighth-largest blockchain, surpassing networks like Avalanche and Polygon. Additionally, Sui's daily trading volume has surged by over 100%, reflecting growing adoption and resilience.
Despite past technical glitches, Phantom Wallet, boasting over 7 million active users monthly, processed nearly 560 million on-chain transactions this year. The Sui Foundation views the integration as a significant leap for its ecosystem, providing users with an enhanced wallet experience.
Leveraging the Move programming language, Sui's collaboration with Phantom Wallet signifies a pivotal moment for both platforms, showcasing resilience and burgeoning interest in non-custodial crypto wallets. This development illustrates the evolving landscape of blockchain ecosystems and the opportunities they present for both investors and users.