Phantom Welcomes Sui: Expanding Crypto Accessibility

Phantom Wallet, a leading multichain crypto wallet, has expanded its support to include the Sui blockchain, further enhancing its capabilities and user experience. This integration, announced on January 29, 2025, places Sui alongside prominent blockchains such as Solana, Ethereum, Base, and Bitcoin in Phantom's growing list of supported chains.

Sui, the first Move-based blockchain network to connect with Phantom, is now accessible to the wallet's millions of users. This development allows SUI holders to natively access this top 20 cryptocurrency token directly within their Phantom wallets. Phantom CEO Brandon Millman expressed his enthusiasm for the integration, stating that Sui's focus on scalability and superior user experience aligns perfectly with Phantom's goal of making crypto accessible to everyone.

To activate Sui support on Phantom, users need to follow a simple process: open the Phantom wallet application, navigate to 'Settings', select 'Active Networks', and toggle Sui on. This user-friendly approach ensures that even those new to crypto can quickly start trading and managing their assets on the Sui blockchain.

The addition of Sui to Phantom's supported chains comes as the network has experienced significant growth in the past year. Sui has become the 8th largest blockchain by total value locked, with over $1.6 billion in assets, according to data from DefiLlama. In the same period, the blockchain's native SUI token has surged by 140% to $3.70, making it the 19th largest cryptoasset by market cap.

With Phantom's addition of the Sui chain, users can now seamlessly trade SUI and other tokens on the blockchain, such as meme coins, all within the Phantom app or browser extension. In the future, Phantom plans to add additional support for Sui NFTs, fiat onramps, and more.

Phantom's recent $150 million funding round at a $3 billion valuation underscores the wallet's growing influence in the crypto space. With over 15 million monthly active users and $20 billion worth of token swap volume annually, Phantom continues to solidify its position as a leading multichain wallet.