Overview
- Phantom and the Sui team jointly announced on August 24 that Phantom will end native Sui support on September 24, 2026, and will remove Sui balances, transactions, swaps and dApp connections from the app.
- Tokens will remain on the Sui blockchain and under users’ private keys, so holders can keep control by importing their Phantom recovery phrase into a Sui-compatible wallet.
- Users who prefer not to move wallets can convert or bridge SUI beforehand, and Phantom is waiving its internal fee for converting native SUI to wrapped SUI on Solana through the Sept. 24 deadline while network and routing fees still apply.
- Phantom has published step‑by‑step migration guidance and warned that it will never ask for seed phrases or contact users first, highlighting a heightened risk of phishing and fake migration services during the transition.
- The pullback follows a 20‑month run since Phantom added Sui in January 2025 and comes as Sui’s DeFi TVL and activity have contracted, a shift that mirrors Phantom’s recent trimming of other low‑volume networks and could reduce easy retail access to Sui dApps.