According to Phantom, the latest update gives users direct control over their blockchain privacy settings, allowing only activity from their default public address to be visible. This move is expected to boost user confidence in privacy and could drive increased wallet adoption, impacting transaction volumes on supported blockchains such as Solana and Ethereum. Traders should monitor for potential shifts in wallet usage metrics and related token volumes as privacy-conscious users migrate or increase activity (Source: Phantom Twitter, May 28, 2025).