Phantom Wallet Adds Sui as the Blockchain’s TVL Reaches Record $1.72 Billion

Phantom Wallet, a leading non-custodial, multichain crypto wallet with over 7 million active users monthly, has integrated with the Sui network.

The Sui Foundation confirmed this development on December 5, marking a significant milestone for both platforms.

Sui Becomes the Fourth Blockchain on Phantom Wallet

Phantom’s integration with Sui introduces the first blockchain outside of Solana, Bitcoin, and Ethereum to its ecosystem. This move also makes Sui the first blockchain leveraging the Move programming language to join Phantom.

Phantom Wallet currently has the largest on-chain user base. The web3 wallet processed nearly 560 million on-chain transactions this year alone.

“The integration of Phantom Wallet with Sui represents a giant leap for the Sui ecosystem, which now gets access to a first-class wallet experience with several features that the Sui community has been asking for,” said Sui Foundations’s Global Head of Ecosystem, Jameel Khalfan.

This announcement comes after a challenging year for Phantom. In October, technical glitches with Phantom Wallet disrupted access to Grass Network’s highly anticipated GRASS airdrop. Many users were unable to claim their tokens.

Earlier in July, users reported a bug disp l aying incorrect wallet balances, sparking widespread concern on social media. Phantom quickly resolved the issue, assuring users that their funds remained secure.