Phantom Wallet has become one of the leading wallets in the crypto world with over 7 million active monthly users. By announcing its integration with Sui Network, Phantom has reached a significant milestone for both its own ecosystem and the popular altcoin Sui. The Sui Foundation confirmed this development on December 5. It also emphasized the importance of this collaboration for both platforms.
Popular Altcoin Sui Becomes Fourth Blockchain Supported on Phantom Wallet
Phantom Wallet has only supported the Solana , Bitcoin, and Ethereum networks up until now . The Sui Network integration marks the first time another blockchain has been added to this trio. Sui is also the first blockchain to incorporate the Move programming language into Phantom’s ecosystem. Phantom Wallet processed over 560 million on-chain transactions in 2024. This figure has placed the wallet in a leading position in the crypto world.
Jameel Khalfan, Global Ecosystem Head at Sui Foundation, described the integration as “a giant leap for the Sui ecosystem.” Khalfan also noted that the integration delivers the world-class wallet experience that the Sui community has been waiting for. Phantom’s integration will provide Sui users with a secure wallet solution. It will also be available on iOS, Android, Chrome, Firefox, Edge, and Brave platforms via mobile and browser apps.
Sui Blockchain’s Record Success
Sui Network has gained significant momentum after the Phantom Wallet integration. The altcoin price reached a peak of $4.40, up 20 percent weekly and 110 percent monthly. In addition, the total locked value (TVL) reached $1.72 billion. This success put Sui ahead of larger networks such as Avalanche and Polygon . One of the key factors in this rise was the strategic partnerships that Sui has made in recent months.
As we reported at Kriptokoin.com, partnerships with Babylon Labs and Lombard Protocol added BTC staking solutions to Sui’s DeFi ecosystem. The collaboration with Franklin Templeton provided financial support for Sui’s blockchain initiatives. These partnerships made significant contributions to Sui’s growth. Recent technical glitches tested Sui’s resilience. A bug that caused block production to stop for two hours was quickly resolved by the team. These efforts positively affected price movements.
Future Potential of Phantom and Altcoin Sui
Phantom Wallet’s collaboration with Sui Network supports the vision of a multi-chain future. Phantom CEO Brandon Millman had this to say about the integration:
Sui’s thoughtful approach to scalability and developer-centric solutions aligns with our commitment to high-performance blockchains.
This partnership provides unique features to Sui users, paving the way for further adoption of the network. Sui’s value has increased by more than 100% after the integration, reaching a market cap of $10.8 billion. Sui currently ranks eighth in TVL. It also continues to increase interest in alternative Layer-1 blockchains.
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