According to sns.sol on Twitter, traders are advised to cover their wallet addresses with a .sol domain for enhanced privacy and security (source: sns.sol, May 29, 2025). This practice reduces the risk of exposing sensitive wallet information, which is critical for active crypto traders operating on the Solana blockchain. Protecting wallet addresses with .sol domains is increasingly recommended to prevent phishing and targeted attacks, directly impacting trading safety and portfolio security.

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).