Phantom Adds Support for Sui and Simplifies Wallet Onboarding

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The developers of the popular Phantom wallet have announced integration with Sui in addition to its existing support for Solana, Ethereum, Base, Polygon, and Bitcoin.

The integration of the high-performance L1 blockchain from Mysten Labs will enable users to stake tokens, seamlessly swap crypto assets, and engage in NFT transactions. It will also include integration with Ledger hardware wallets and multichain support.

Recently, Sui has shown remarkable growth, surging 24% in the past week and 113% over the last 30 days, reaching new all-time highs. The asset currently ranks 20th on CoinGecko with a market capitalization of $12.2 billion.

Earlier, Phantom developers introduced an email and PIN-based wallet onboarding process, freeing users from the need to manage seed phrases.