According to Phantom (@phantom) on Twitter, the crypto wallet provider has announced the acquisition of Parallax (@withparallax) to further its mission of making cryptocurrency adoption safer and more accessible. This strategic move aims to enhance Phantom's platform security and user experience, which could lead to increased user onboarding and greater transaction volume across supported blockchains like Solana (SOL) and Ethereum (ETH). Traders should monitor Phantom's integration roadmap, as improved wallet features and cross-chain compatibility are likely to increase user confidence and drive higher on-chain activity, potentially impacting SOL and ETH trading volumes. (Source: @phantom, June 18, 2025)