As a seasoned researcher who has been following the blockchain space for years now, I must say that the integration of Sui (SUI) with Phantom Wallet is indeed a noteworthy development. From my perspective, this move signifies a strategic step towards expanding the horizons of decentralized finance (DeFi) and web3 technologies.
The most recent integration into Phantom, a popular Solana wallet boasting more than 7 million monthly active users, is Sui’s layer-1 blockchain network.
According to a recent announcement shared with Crypto News on December 5th, Phantom has opted for the SUI (SUI) protocol as its newest integration, aiming to broaden the scope of unified cryptocurrency storage and trading within the web3 environment.
Jameel Khalfan, head of global ecosystem at Sui Foundation, praised the team for managing to get Phantom Wallet on board, mentioning that this collaboration will offer the Sui community several sought-after features they have been asking for.
Phantom Wallet chooses carefully which blockchain networks it works with, and we are thrilled to have been added to their esteemed list. The alliance between Phantom Wallet and Sui marks a significant milestone for the Sui ecosystem, granting them access to a top-tier wallet service complete with features that the Sui community has eagerly anticipated.
wen sui? soon 🌊 👻
— Phantom (@phantom) December 5, 2024
As a researcher immersed in the realm of blockchain technology, I share the same excitement as Khalfan, underscoring the remarkable advancements made by Sui. Its development seems to be in perfect sync with Phantom’s strategic vision for active blockchain engagement.
Sui’s careful consideration for scalability and developer-friendly solutions mirrors our dedication to efficient blockchain technology. We are excited about the prospect of collaborating with them and fostering their development.
As a crypto investor, I’m thrilled about the latest development with Phantom Wallet. They’ve integrated Coinbase’s L2 network Base into their platform, allowing us to store assets not just in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH), but also in Base. The addition of Base opens up more opportunities for us users.
As a researcher, I’ve observed an intriguing parallel between Solana’s ascension and the increasing prominence of Phantom Wallet. To date in this year alone, Phantom has logged a staggering 560 million on-chain transactions. This versatile wallet has become a go-to platform for users to secure their digital assets, engage in trading activities, purchase Non-Fungible Tokens (NFTs), and stake various cryptocurrencies.
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2024-12-05 20:06