- Phantom integrates Parallax to boost cross-border stablecoin funds and develop consumer entry to decentralized monetary instruments.
- The transfer boosts Phantom’s position as a multi-chain pockets supporting Solana, Ethereum, Bitcoin, and now Sui blockchain-based functions.
After beforehand being busy with numerous updates and expansions, this time Phantom introduced that the stablecoin-based cross-border fee platform, Parallax, has formally joined their ecosystem.
This step truly feels fairly pure. Parallax itself has lengthy been often known as a crypto fee platform that focuses on effectivity and full management within the palms of customers via a self-custodial strategy.
Supply: Phantom on X
In the meantime, Phantom has constructed a popularity as a flexible pockets that helps multi-chains, from Solana, Ethereum, to Bitcoin. When put collectively, the 2 are like puzzle items which can be designed to enrich one another.
The transition interval has additionally ended two days in the past. At the moment, the Parallax service was fully stopped and all actions equivalent to withdrawals and account entry can be closed. Oh sure, the referral program has additionally been turned off. So if you happen to have been nonetheless hoping to have the ability to register and invite associates to get incentives, that’s not doable now.
Phantom Strengthens Its Ecosystem with Parallax Integration
Curiously, this isn’t Phantom’s first large step in the previous couple of months. Alternatively, CNF has reported that in February, Phantom built-in MoonPay immediately into its utility. Which means that customers can now purchase crypto immediately of their pockets utilizing their MoonPay stability. It’s tremendous straightforward, with out having to change between apps or open an alternate first.
Moreover, in late January, Phantom additionally began supporting the Sui blockchain. With this, round 15 million Phantom pockets customers can immediately entry the SUI token and discover apps like Suilend, Bluefin, Navi, and Aftermath. This integration strengthens Phantom’s cross-chain strategy, not simply restricted to Solana or Ethereum, however now additionally contains Sui.
Talking of Solana, in Might, Phantom Staked SOL (PSOL) managed to amass a market cap of $8.32 million. The variety of holders can be fairly putting—over 8,600 folks, with a complete circulating provide reaching 49,163 PSOL at the moment. This exhibits that the curiosity of their staking product is actual, not only a trial challenge.
Welcome Crypto Summer season
Nonetheless from the identical kitchen, Phantom just lately said that “Solana Summer season 2025” will begin on June 20. This isn’t an informal marketing campaign, however extra of a momentum. This era is often a second the place buying and selling exercise on the Solana community spikes, DeFi liquidity will increase, and worth volatility is more and more felt.
Phantom advises its customers to actually monitor DeFi protocols throughout this era. Who is aware of, there is perhaps a revenue alternative that comes rapidly and goes even quicker.
In hindsight, Phantom’s resolution to merge Parallax feels just like the final puzzle that’s beginning to match collectively. With all of the earlier options and integrations, now they’ve a cross-border fee gateway, multi-chain help, staking companies, and fiat on-ramp integration. Full, proper?
