- Phantom integrates parallax to enhance cross-border Stablecoin payments and expands user access to decentralized financial tools.
- This move is elevating the role of Phantom as a multi-chain wallet supporting Solana, Ethereum, Bitcoin, and current SUI blockchain-based applications.
After being busy with various updates and expansions earlier, Phantom has announced that Parallax, a Stablecoin-based cross-border payments platform, has officially joined the ecosystem.
This step actually feels very natural. Parallax itself has long been known as a crypto payment platform focusing on user hands efficiency and complete control through an independent approach.
Source: X’s Phantom
Meanwhile, Phantom has built a reputation as a multi-purpose wallet that supports multi-chain, from Solana to Ethereum to Bitcoin. In summary, the two are like puzzle pieces designed to complement each other.
The transition period ended two days ago. At that point, the parallax service was completely stopped and all activities, including withdrawals and account access, were closed. Oh yeah, the referral program has also been turned off. So, if you still wanted to be able to register and invite friends to get incentives, that’s no longer possible.
Phantom strengthens ecosystems through parallax integration
Interestingly, this is not the first big step in the phantom of the past few months. Meanwhile, CNF reported in February that Phantom had integrated MoonPay directly into its application. This means that users can use MoonPay balance to purchase encryption directly in their wallets. It’s super easy without switching apps or opening a replacement first.
Additionally, in late January, Phantom also began supporting the SUI blockchain. This allows around 15 million Phantom wallet users to directly access SUI tokens and directly access apps such as SuiLend, Bluefin, Navi, Aftermath. This integration enhances Phantom’s cross-chain approach, which includes not only Solana and Ethereum, but also SUI.
Speaking of Solana, in May, Phantom Staked Sol (PSOL) was able to accumulate a market capitalization of $8.32 million. The number of holders is also very impressive, with over 8,600 people, with total circulation supply at the time reaching 49,163 PSOL. This shows that their interest in staking products is not just a testing project, but a real one.
Crypto Summer is welcome
Still from the same kitchen, Phantom recently said that “Summer 2025” will start on June 20th. This is not a casual campaign, it’s momentum. This period is usually a moment when trading activity on the Solana Network increases rapidly, invalidations increase, and price fluctuations are increasingly felt.
Phantom advises users to actually monitor the Defi protocol during this period. Who knows, there may be opportunities for profits to come soon and get even faster.
In hindsight, the decision to merge Phantom’s parallax feels like the last puzzle that is beginning to fall into place together. With all previous features and integrations, there is now cross-border payment gateway, multi-chain support, staking services, and fiat-on-ramp integration. Finished, right?