Phantom Wallet Integrates Sui Blockchain, Boosting Adoption
phantom walletthe leading non-custodial multi-chain crypto wallet With over 7 million monthly active users, it has partnered with Sui network.
The Sui Foundation confirmed this development on December 5, which is an important milestone for both platforms.
Sui becomes the fourth blockchain on Phantom Wallet
phantom Integration with Sui launches first blockchain outside of blockchain SolanaBitcoin and Ethereum to its ecosystem. This move also makes Sui the first blockchain to use the Move programming language to join Phantom.
Phantom Wallet currently has the largest user base on the chain. this Web 3 Wallet Nearly 560 million on-chain transactions were processed this year alone.
Jameel, global head of ecosystem at Sui Foundations, said: “Phantom Wallet’s integration with Sui represents a huge leap forward for the Sui ecosystem, which now has access to a best-in-class wallet experience with multiple features that the Sui community has been requesting.” Hal Fan.
The news comes after a challenging year for Phantom. In October, Phantom wallet experienced technical glitches Access to Grass Network interrupted The highly anticipated GRASS airdrop. Many users were unable to claim their tokens.
In early July, users reported error displayIWallet balance is incorrecttriggering widespread attention on social media. Phantom quickly addressed the issue, assuring users that their funds were safe.
Sui Blockchain sets TVL record
this Suiwang The company has experienced significant growth since this integration. Its native token recently hit an all-time high of $4.40. This reflects a 20% increase in a week and a 110% increase in the past month.
In addition, Sui’s total value locked (TVL) achieve A record $1.72 billion, making it the eighth largest blockchain. Sui has now overtaken more well-known networks such as avalanche and polygons.
Meanwhile, according to CoinMarketCap datadaily trading volume surged by more than 100%. Sui has made some significant progress over the past few months.
Recently, Suiwang Partnering with Babylon Labs and Lombard Protocol and introduced BTC staking on it Decentralized Finance Build an ecosystem with Liquid Collateralized Tokens (LBTC).
In addition, a Partner with Franklin Templeton Investments Includes financial backing and support for Sui’s blockchain initiatives.
Recently, the resiliency of the coin has also been tested following the dispatch Bug causes Sui to stop block production Two hours. However, after a quick response from the team, the price reacted positively. This resiliency has played a key role in the network’s recent price increases and growing popularity.
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