In this cycle, we are very optimistic about American public chains, especially #SOL and #SUI. #SOL represents the first general-purpose public chain in the United States, while #SUI represents Facebook's extension into the global financial field with Libra, making it the leading financial public chain in the U.S.

Recently, the well-known #Web3 wallet #Phantom announced its official support for the #SUI network, marking an important milestone for #SUI in its ecological expansion. This not only means that #SUI will gain traffic support from Phantom's large user base but also injects new vitality into its future development.

🎯 Major benefits for #SUI:

As the largest wallet in the Solana ecosystem, Phantom has over 15 million monthly active users and more than 850 million on-chain transactions, managing $25 billion in self-custodied assets, and completing $20 billion in swap transaction volume in 2024 alone. The integration of the #SUI network will undoubtedly have a profound impact on the #SUI ecosystem:

1️⃣ User onboarding and growth: Phantom's large existing user base can bring more users and capital inflow to the SUI network, driving the expansion of the ecosystem.

2️⃣ Enhanced liquidity: SUI tokens can be seamlessly sent, received, and traded within the Phantom wallet, significantly enhancing the DeFi experience and further optimizing the liquidity of SUI assets.

3️⃣ Cross-chain interoperability: Phantom's support for public chains like Solana, ETH, Polygon, and Bitcoin will promote SUI's openness and collaborative capabilities within a multi-chain system.

4️⃣ Strengthened developer ecosystem: More developers will be motivated to build DApps on the SUI network, utilizing the convenient tools provided by Phantom to expand functionalities.

📝 The following core features are now available:

• Account binding and private key import: Existing accounts can be directly bound to SUI addresses, with secure import of SUI private keys supported.

• SUI token sending, receiving, and transaction tracing: Supports sending and receiving SUI and fungible tokens, along with transaction history tracking.

• Smart detection and market dashboard: Automatically identifies on-chain tokens, providing real-time price and token detail displays.

• Built-in swap and cross-chain DApp support: Allows for on-chain transactions and cross-chain DApp operations without switching.

🧐 In the future, Phantom will launch a series of enhanced features:

• Cross-chain swap: Enables one-click exchange of multi-chain assets, further enhancing asset liquidity.

• NFT support: Provides asset management features for SUI chain NFTs, promoting the development of the NFT ecosystem.

• Fiat entry and Ledger support: Users will be able to purchase SUI directly through Moonpay and manage assets using Ledger hardware wallets.

• Seamless DApp integration: DApps will embed Phantom wallet functionality, significantly optimizing user experience.

In summary: Phantom's addition is undoubtedly an important turning point for the development of the SUI ecosystem. In an era of rapid evolution in Web3, SUI is gaining increasing attention from top projects due to its performance advantages and ecological layout. With user onboarding, enhanced asset liquidity, and continuous optimization of the developer ecosystem, SUI is becoming a leader among American public chains. Betting on American public chains and allowing the great birth of cryptocurrency to happen in the U.S. is the best investment direction in this cycle and deserves close attention. @SuiNetworkCN

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