The crypto wallet service Phantom added official Sui support to its multi-chain capabilities in its latest integration. Phantom added Sui to its supported layer-1 blockchain networks, completing move-based layer-1 support, thus enabling its 15 million active users to handle SUI tokens through their single wallet platform.
Phantom’s commitment to expanding its ecosystem was first announced in December 2024, leading to the official integration. The support for Sui by Phantom now enables SUI token holders to accomplish seamless asset regulation through sending and receiving modes and portfolio management. This feature serves 15 million monthly active subscribers. Users will be able to utilize the wallet to manage both BLUE/SEND Sui-native tokens alongside Suilend, Bluefin, Navi, and Aftermath dApps.
“The launch of Sui as the first Move-based chain on the Phantom Wallet validates what the community has accomplished in the past year,” Christian Thompson, managing director of the Sui Foundation, said in a statement. “Sui’s time has arrived, and it is clear that the ecosystem is ready to onboard the next billion users into crypto,” he added.
Phantom Expands with Token Swaps and NFT Storage
The Solana-oriented wallet Phantom emerged in 2021 and has since transformed into a dominant multichain wallet throughout the crypto industry. The platform experienced expansion because it began offering users token swapping directly from its app interface alongside NFT storage features and staking capabilities. The November 2024 Base Layer-2 network launch by Phantom on Ethereum solidified the wallet provider’s status as a cross-chain solution provider.
According to Phantom CEO Brandon Millman, the company restructured Phantom as a multichain wallet in 2023 through an explicit selection criterion that keeps only the most advanced networks in the application. Phantom achieves its core mission to provide universal crypto accessibility through Sui’s dual commitment to scalability and exceptional experience.
Phantom’s growth strategy receives backing from key venture capital firms Sequoia, Paradigm, and a16z Crypto. The recent Series C funding round funded Phantom Wallet $150 million while valuing it at $3 billion, grossing $268 million through all funding sources.
Phantom establishes its standing as a primary wallet choice by extending its platform capabilities for users who desire encrypted accessibility to multiple blockchain networks with enhanced scale.
