- Phantom integrates Parallax to enhance cross-border stablecoin payments and expand user access to decentralized financial tools.
- The move boosts Phantom’s role as a multi-chain wallet supporting Solana, Ethereum, Bitcoin, and now Sui blockchain-based applications.
After previously being busy with various updates and expansions, this time Phantom announced that the stablecoin-based cross-border payment platform, Parallax, has officially joined their ecosystem.
This step actually feels quite natural. Parallax itself has long been known as a crypto payment platform that focuses on efficiency and full control in the hands of users through a self-custodial approach.
Meanwhile, Phantom has built a reputation as a versatile wallet that supports multi-chains, from Solana, Ethereum, to Bitcoin. When put together, the two are like puzzle pieces that are designed to complement each other.
The transition period has also ended two days ago. At that time, the Parallax service was completely stopped and all activities such as withdrawals and account access would be closed. Oh yes, the referral program has also been turned off. So if you were still hoping to be able to register and invite friends to get incentives, that is no longer possible now.
Phantom Strengthens Its Ecosystem with Parallax Integration
Interestingly, this is not Phantom’s first big step in the last few months. On the other hand, CNF has reported that in February, Phantom integrated MoonPay directly into its application. This means that users can now buy crypto directly in their wallet using their MoonPay balance. It’s super easy, without having to switch between apps or open an exchange first.
Furthermore, in late January, Phantom also started supporting the Sui blockchain. With this, around 15 million Phantom wallet users can directly access the SUI token and explore apps like Suilend, Bluefin, Navi, and Aftermath. This integration strengthens Phantom’s cross-chain approach, not just limited to Solana or Ethereum, but now also includes Sui.
Speaking of Solana, in May, Phantom Staked SOL (PSOL) managed to amass a market cap of $8.32 million. The number of holders is also quite striking—over 8,600 people, with a total circulating supply reaching 49,163 PSOL at that time. This shows that the interest in their staking product is real, not just a trial project.
Welcome Crypto Summer
Still from the same kitchen, Phantom recently stated that “Solana Summer 2025” will start on June 20. This is not a casual campaign, but more of a momentum. This period is usually a moment where trading activity on the Solana network spikes, DeFi liquidity increases, and price volatility is increasingly felt.
Phantom advises its users to really monitor DeFi protocols during this period. Who knows, there might be a profit opportunity that comes quickly and goes even faster.
In hindsight, Phantom’s decision to merge Parallax feels like the last puzzle that is starting to fit together. With all the previous features and integrations, now they have a cross-border payment gateway, multi-chain support, staking services, and fiat on-ramp integration. Complete, right?
