"Phantom Welcomes Sui: A New Era for Crypto Accessibility"

Phantom Wallet, a leading cryptocurrency wallet provider, has officially added support for Sui (SUI), a top 20 cryptocurrency token. This integration marks a significant milestone for both platforms, as Sui becomes the first Move-based blockchain network to connect with the Phantom Wallet.

The integration allows the multichain wallet's over 15 million monthly active users to natively access SUI directly within their wallets. Christian Thompson, managing director of the Sui Foundation, expressed his enthusiasm about the launch, stating that Sui's time has arrived, and the ecosystem is ready to onboard the next billion users into crypto.

Beyond sending, receiving, and managing SUI, users will also have access to Sui token standard assets such as BLUE and SEND. The integration supports swaps and connects to top decentralized applications, including Suilend, Bluefin, Navi, and Aftermath.

Phantom launched as a Solana (SOL)-centric wallet in 2021 and has since grown to become one of the crypto market's most popular wallets. Its growth has included the addition of features such as in-app token swaps, staking, non-fungible token storage, and multichain integration. This latter feature led to its expansion to the layer-2 blockchain Base in November 2024.

Brandon Millman, chief executive officer of Phantom, emphasized the importance of integrating only the most capable chains into the app. He praised Sui's focus on scalability and superior user experience, aligning perfectly with Phantom's goal of making crypto accessible for everyone.

Phantom recently raised $150 million in its Series C round at a $3 billion valuation. The platform announced the development on Jan. 17, noting that it received backing from venture capital firms Sequoia, Paradigm, and a16z Crypto. The wallet provider has raised a total of $268 million in VC funding.