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"Sui & Phantom Wallet: Unlocking Blockchain for 15 Million Users"

Coin WorldThursday, Jan 30, 2025 6:23 am ET

1min read

Sui, a leading blockchain platform, has expanded its reach by integrating with Phantom Wallet, a popular non-custodial multi-chain crypto wallet. This collaboration opens doors for 15 million users, furthering Sui's mission to make blockchain technology more accessible.

Both Sui and Phantom Wallet share a vision of democratizing blockchain technology. Christian Thompson, managing director of the Sui Foundation, expressed excitement about the partnership, stating, "The launch of Sui as the first Move-based chain on the Phantom Wallet validates what the community has accomplished in the past year."

Phantom Wallet, now the first Move-based platform, has been building a broader multi-chain ecosystem. With Sui on board, Phantom users can now access one of the fastest-growing blockchains known for its unrivaled scalability, security, and high-performance features.

Brandon Milman, CEO of Phantom, reinforced this sentiment, highlighting how Sui's infrastructure aligns with Phantom's goal of making crypto accessible to the masses. "Sui’s focus on scalability and its superior user experience aligns perfectly with Phantom’s goal of making crypto accessible for everyone," Milman stated.

With 15 million active users, Phantom Wallet provides Sui with an opportunity to increase adoption at an exponential rate. This puts Sui in a strong position to become one of the leading blockchain networks.

As of early 2024, Sui has been asserting itself in the blockchain space, showing strong market performance. On January 4, 2024, Sui surpassed a Total Value Locked (TVL) of $2 billion, reflecting a robust growth trajectory since its mainnet launch in March 2023.

Sui's success stems from its unique approach to blockchain scalability and transaction efficiency, setting it apart from traditional networks. Running on the Move programming language, Sui performs well under pressure, making it an attractive option for both developers and end users.

The integration of Phantom Wallet has intensified investor sentiment around SUI. While analysts may offer mixed perspectives, the TD Sequential indicator suggests a sweet technical setup that could see the price rebound soon. SUI's strong on-chain fundamentals and growing presence in the realm of decentralized applications (dApps) further bolster its position in the crypto world.

Phantom Wallet's integration with Sui represents a significant step forward

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