Phantom Drops Support for SUI Network Amid Focus on Core Networks
Phantom, a prominent cryptocurrency wallet known for its integration with Solana, is ending support for the SUI network on September 24. This decision affects users who hold SUI assets in Phantom and requires them to take action before the cutoff date.
The reasons behind Phantom's decision are unclear, but it appears to be part of a broader strategy to focus on its core networks, including Solana, Ethereum, and Polygon. Dropping support for SUI suggests that Phantom is prioritizing networks with higher user demand and ecosystem maturity.
Users holding SUI assets in Phantom should transfer them to another compatible wallet or swap them into assets still supported by Phantom before the deadline. This can be done by transferring SUI tokens to a compatible wallet like Sui Wallet, Ethos Wallet, or any other wallet that supports the SUI network, or by swapping SUI for a supported asset like SOL, ETH, or MATIC using a decentralized exchange or swap service.
Phantom will not automatically convert or move SUI assets, and users must initiate the transfer or swap themselves. After September 24, SUI assets may become inaccessible through Phantom, though they will remain on the blockchain and can be recovered with the appropriate private keys.