Multichain

Solana

Phantom

Gains

<ul class="wp-block-list">
 <li>Backpack has integrated Sui, facilitating secure asset management and reaching users across 150 countries with $60B in trading volume.&nbsp;&nbsp;</li>  
 <li>Sui's TVL climbs to $1.5B, supported by partnerships with Backpack and Phantom, enhancing its position in the blockchain ecosystem.&nbsp;&nbsp;</li>  
 <li>This collaboration advances multichain growth, enabling seamless trading, wallet integration, and scalable solutions for Sui developers and users.&nbsp;&nbsp;</li> 
</ul>  
<p>Backpack, a prominent wallet and exchange platform, has achieved a trading volume of $60 billion since its launch. With users spanning over 150 countries, it has now integrated with Sui, a Layer 1 blockchain celebrated for its scalability and transaction speed. This collaboration aims to enhance asset management and utility for users globally, fostering growth for both platforms.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="sui-gains-backpack-wallet-support">Sui Gains Backpack Wallet Support&nbsp;&nbsp;</h2>  
<p>This partnership introduces Sui users to Backpack's streamlined wallet solutions, available on iOS, Android, and Chrome. The wallet supports prominent cryptocurrencies, including Solana and Ethereum, enabling secure storage and seamless trading. <a href="https://cryptofrontnews.com/sui-breaks-key-levels-with-sol-like-growth-potential-targeting-new-highs-says-analyst/" rel="noopener noreferrer nofollow">Sui projects </a>will benefit from increased visibility and user engagement through Backpack's services, further integrating into the broader blockchain ecosystem.&nbsp;&nbsp;</p>  
<p>Jameel Khalfan, the Global Head of Ecosystem at the Sui Foundation, emphasized the significance of this collaboration. He highlighted that Backpack’s regulated exchange and non-custodial wallet align well with Sui's vision to deliver top-notch experiences for developers and users. This partnership is expected to simplify trading processes while expanding Sui's capabilities in multichain operations.&nbsp;</p>  
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<h2 class="wp-block-heading" id="boosting-multichain-connectivity">Boosting Multichain Connectivity&nbsp;&nbsp;</h2>  
<p>The integration positions both platforms at the forefront of the multichain blockchain landscape. By leveraging Backpack’s wallet and exchange tools, Sui enhances its network connectivity and operational efficiency. According to Armani Ferrante, CEO and Founder of Backpack, this collaboration is a pivotal step toward empowering Sui's developers, traders, and projects. Moreover, it aligns with Backpack’s mission to support fast-growing blockchain ecosystems.&nbsp;&nbsp;</p>  
<p>In a parallel development, Phantom Wallet, originally built for the <a href="https://cryptofrontnews.com/solana-xrp-and-hedera-etfs-reflect-growing-altcoin-institutional-interest/" rel="noopener noreferrer nofollow">Solana ecosystem</a>, has also integrated with Sui. This move highlights Sui's growing influence in the blockchain space. Phantom’s mobile and browser wallets now support Sui, providing additional features for users and boosting adoption.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="sui-s-position-strengthens-in-the-blockchain-market">Sui's Position Strengthens in the Blockchain Market&nbsp;</h2>  
<p>Sui’s market capitalization has surged to $10.8 billion, reflecting over 100% growth in the past month. It now ranks eighth in total value locked (TVL), reaching $1.5 billion. These milestones underscore the effectiveness of its partnerships with platforms like Backpack and Phantom in attracting new users and advancing multichain connectivity.&nbsp;&nbsp;</p>  
<p>Through these collaborations, Sui continues to deliver robust, scalable solutions for developers and users. Its integration with major wallet platforms enhances accessibility and functionality, ensuring it remains competitive in the evolving blockchain landscape.&nbsp;</p>

Backpack Partners with Sui, Driving Multichain Growth and $60B Milestone

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