Phantom Delivers 15M Users to Sui With Recent Expansion
January 28, 2025 at 10:52 PMby The Block Whisperer
+21
+0
The wallet giant is officially adding Sui to its lineup, putting Move's hottest chain in front of 15 million monthly users.
Everyone’s favorite ghost-based wallet just made another big move.
The wallet giant is officially adding Sui to its lineup, putting Move's hottest chain in front of 15 million monthly users.
Bitcoin, Ethereum, Solana – and now Sui. That's some exclusive company.
Phantom users can now swap, send, and store SUI tokens right next to their SOL and ETH.
It goes beyond just enabling some HODLing – users are getting access to Sui's whole ecosystem.
Suilend, Navi, Aftermath, Bluefin – all the major Sui dApps are now just a click away.
Good timing fo the market, too, as Sui just hit $2 billion in total value locked. For those keeping track, TVL has doubled in under three months.
That makes Sui one of the fastest-growing chains by TVL, just in time for 15 million potential new users to start playing with the ecosystem.
The Big Picture
Brandon Millman, Phantom's CEO, seems to be proud of Sui’s recent growth, claiming: "We only add the most capable chains."
When a wallet with 15 million users says you're worthy, that's a big compliment to the ecosystem.
Sui's object-centric model is designed to help change how we think about digital ownership.
Christian Thompson from the Sui Foundation claims they're building something that could "replace the legacy systems billions depend on."
While that’s also the original mission of Ethereum and other smart contract networks, Sui’s timing and technology seem to be working out well so far.
The SUI token is sitting around $3.63, down 31% from its peak but up 180% from last year.
The chart watchers say $6 is next if support holds.
With Phantom's volume about to hit the ecosystem hard, those predictions might be conservative.
By giving 15 million users instant access to the only Move-based chain in their arsenal, Phantom might have just poured gasoline on Sui fire.
For the Sui ecosystem, that's like getting listed on every major exchange at once in terms of new potential users.
Between $2 billion locked in DeFi and 15 million potential new users, Sui's momentum is building.
The chain that moves faster than Solana just got a major boost in adoption.
Could Sui indeed prove to be the big winner of this cycle, or will this tsunami slow to a trickle?
Only time will tell.
Explore more articles like this
Subscribe to Asvoria News to receive all the latest news.
Stay ahead with exclusive press releases and expert insights on Web3 and the Spatial Web. Be the first to hear about Asvoria’s latest innovations, events, and updates. Join us — subscribe today!
Editor’s choice
© 2025 Asvoria. All rights reserved.
Avoria does not endorse or promote investment in any of the tokens or NFT projects featured on this platform.
We accept no responsibility for any losses incurred. Users should conduct their own research and consult with a financial advisor before investing.
For more information about Doing Your Own Research (DYOR), please visit this link.