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Home” Ecosystem” Phantom Wallet broadens to Sui network in pursuit of multichain supremacy
by
Estefano Gomez
Dec. 5, 2024
Phantom Wallet incorporates Sui network strengthening its multichain wallet aspirations.
Picture: Phantom
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Phantom Wallet has actually broadened assistance to the Sui network as part of its approach ending up being a multichain wallet.
Phantom Wallet, at first referred to as a Solana-exclusive wallet, has actually now progressed into a multichain platform, broadening beyond Solana, Bitcoin, Ethereum, and Polygon to now consist of Sui.
The combination of Phantom Wallet with Sui represents a huge leap for the Sui environment,” stated Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation. “ Phantom Wallet is selective about which chains they support, and we are happy to now be consisted of amongst this significant group.”
The growth comes as Sui’ s worth has actually increased by over 100% in the previous month, driving the blockchain to a market cap of $10.8 billion in the middle of growing interest in alternative Layer 1 blockchains.
Sui now ranks 8th amongst blockchain networks in regards to overall worth locked (TVL), with $1.5 billion, according to DeFiLlama information.
Phantom CEO Brandon Millman revealed assistance for Sui’ s technical abilities: “ Sui s thoughtful technique to scalability and developer-focused options lines up with our dedication to high-performant blockchains.”
The wallet combination, readily available through both internet browser extension and mobile app, is set to boost wallet performance for Sui users while possibly bring in brand-new retail individuals.
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