Phantom Wallet to End Sui Support as DeFi TVL Crashes 82%

The TVL slide

TVL 下滑

Sui's DeFi TVL has dropped 82% from its high, a steep erosion that has drained liquidity from the network. That capital flight is what Phantom Wallet says triggered the support cutoff. The wallet hasn't spelled out a specific reason beyond that, but the numbers are stark: three-quarters of the value once locked in Sui's protocols has left.

Sui 的 DeFi TVL 已从高点下跌 82%，这种急剧的侵蚀抽干了网络流动性。Phantom 钱包表示，正是这种资金外流导致了支持的中断。该钱包没有说明具体原因，但数字是触目惊心的：曾经锁定在 Sui 协议中的价值有四分之三已经离开。

For a network that positioned itself as a high-throughput alternative to Ethereum, the decline is a hard reversal. The 82% figure isn't a quarterly wobble or a market blip — it's a near-total retreat from the chain's early DeFi rush.

对于一个定位为以太坊高吞吐量替代品的网络来说，这种下滑是一次艰难的逆转。82% 的数字不是季度波动或市场小插曲——而是对该链早期 DeFi 热潮的近乎全面撤退。

What the cutoff means

停止支持意味着什么

Phantom Wallet is a popular multi-chain browser extension, and its decision to drop Sui removes one of the easiest gateways for everyday users to interact with the network. After September 24, wallets that hold SUI or Sui-based tokens will no longer be able to see or manage those assets through Phantom. The coins don't disappear — they just stop being accessible via that interface.

Phantom 钱包是一款流行的多链浏览器扩展，其放弃 Sui 的决定移除了普通用户与该网络交互的最便捷途径之一。9 月 24 日之后，持有 SUI 或基于 Sui 的代币的钱包将无法再通过 Phantom 查看或管理这些资产。代币不会消失——只是无法通过该界面访问了。

That's a problem for anyone who hasn't moved funds by then. A wallet that loses a network's integration doesn't let you use its dApps, sign transactions, or even check balances. For a token holder, that's effectively a lockout.

对于届时尚未转移资金的人来说，这是一个问题。失去网络集成的钱包将无法使用其 dApp、签署交易，甚至无法查看余额。对于代币持有者来说，这实际上是一种锁定。

The deadline to act

行动截止日期

Phantom's announcement gives holders a hard date: September 24, 2026. That's not a vague “later this year” warning — it's a specific cutoff. Anyone still holding SUI or Sui-based assets in Phantom has until then to either transfer to another wallet or move them to a different network.

Phantom 的公告给持有者一个明确的日期：2026 年 9 月 24 日。这不是一个模糊的“今年晚些时候”的警告——而是一个具体的截止日期。任何仍在 Phantom 中持有 SUI 或基于 Sui 的资产的人，都必须在此之前将其转移到另一个钱包或转移到其他网络。

So what's the actual next step? Go to the wallet's settings and find the “networks” or “assets” section. If you've got SUI listed, you'll want to export your private keys or use a wallet that still supports Sui — something like a native Sui wallet. The clock is running, and with less than five weeks left, waiting isn't a plan.

那么实际下一步是什么？前往钱包的设置，找到“网络”或“资产”部分。如果你看到 SUI 列在那里，你需要导出你的私钥，或者使用仍然支持 Sui 的钱包——比如原生的 Sui 钱包。时间紧迫，剩下不到五周，等待不是计划。

The decision isn't just a product update. It's a signal about how the Sui ecosystem is faring. When a major wallet like Phantom cuts a chain, it makes that chain less convenient to use, which can push more users to alternatives. That feedback loop isn't new, but it's hitting Sui at a moment when its TVL has already been cut by more than four-fifths.

这一决定不仅仅是产品更新。它是对 Sui 生态系统状况的一个信号。当像 Phantom 这样的主流钱包切断一条链时，它使该链的使用变得不那么方便，这可能会促使更多用户转向替代方案。这种反馈循环并不新鲜，但它正在 Sui 的 TVL 已经被削减超过五分之四的时刻打击它。

It's not clear whether other wallets will follow Phantom's lead, or whether Sui can reverse the capital flight. What is clear is that the people still holding Sui tokens have a concrete, dated deadline. The next move is theirs.

目前尚不清楚其他钱包是否会效仿 Phantom，也不清楚 Sui 能否逆转资金外流。明确的是，仍然持有 Sui 代币的人有一个具体、有日期的截止期限。下一步行动取决于他们。