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Phantom Wallet Expands Multichain Support with Sui Integration

Business
Updated: 1/30/2025
Phantom Wallet Expands Multichain Support with Sui Integration
#PhantomWallet #SuiBlockchain #CryptoNews
Phantom, a leading non-custodial crypto wallet, has officially integrated support for the Sui blockchain, marking a major milestone in its expansion. This makes Sui the first Move-based blockchain to be added to Phantom, further enhancing the wallet’s multichain capabilities.

What This Means for SUI Users

With over 15 million monthly active users, Phantom now allows SUI holders to send, receive, and manage their assets natively within the wallet. Users can also interact with Sui token standard assets like BLUE and SEND, swap tokens, and connect to top DeFi apps such as Suilend, Bluefin, Navi, and Aftermath.

Why Sui?

Phantom’s CEO, Brandon Millman, highlighted that the integration aligns with the wallet’s goal of supporting only the most scalable and user-friendly chains. Sui’s high-performance network and developer-friendly ecosystem made it a natural fit.

Phantom’s Growing Multichain Strategy

Originally launched as a Solana-focused wallet, Phantom has since expanded to support Ethereum, Polygon, and Base. The latest integration with Sui reinforces its position as a leading multichain wallet, offering seamless DeFi and NFT experiences across multiple ecosystems.

Backed by Major Investors

Phantom’s expansion has been fueled by significant funding, with a $150 million Series C round valuing the company at $3 billion. The round was backed by Sequoia, Paradigm, and a16z Crypto, further solidifying its role in the evolving crypto landscape.

With this move, Phantom continues to push the boundaries of multichain accessibility, bringing Sui’s advanced scalability and Move-based architecture to a wider audience.

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