Hassan Maishera
TL;DR
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Phantom is launching perpetual trading, starting with users in the EU.
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Users can trade perps directly within the web3 wallet, powered by Hyperliquid’s
Phantom Launches Perp Trading Support
Phantom is launching support for perpetual contract trading, starting with users in the EU, powered by Hyperliquid
While announcing this in an X post, Phantom revealed that the product leverages a permissionless integration with Hyperliquid's API to access the markets, enabling eligible users to trade perps directly within the Web3 wallet while retaining non-custodial control of their positions.
Introducing: Phantom Perps 👻 ♾️
— Phantom (@phantom) July 8, 2025
Go long or short in just a few taps.
100+ markets. Up to 40x leverage. All in your pocket.
Powered by @HyperliquidX pic.twitter.com/YDKjUGBdEn
Furthermore, the product offers a mobile-first experience designed to feel like an intuitive extension of Phantom's core interface, providing up to 40x leverage, stop-loss, take-profit, and real-time alerts.
Phantom is looking to make its wallet the primary gateway for onchain activities. Hyperliquid is powering the new product on Phantom. It began as a high-performance, non-custodial perpetual futures platform and expanded with HyperEVM, an Ethereum-compatible network for smart contracts and dApps, built on its Layer 1 foundational software, HyperCore.
Phantom chose Hyperliquid because it supports collateral deposits from multiple blockchains, enabling users to trade perps and interact with EVM contracts while maintaining self‑custody.
Meanwhile, Phantom began as a web3 wallet focused on the Solana ecosystem in 2021. However, it has since expanded to other blockchains in a bid to become multi-chain and boost adoption.
Phantom expanded to the Ethereum and Polygon blockchains in April 2023 and proceeded to integrate Bitcoin in December of the same year. Recently, Phantom has added support for Coinbase-incubated Layer-2 network, Base, and Sui. it is working on adding support for the much-anticipated Monad blockchain upon launch, which is currently in testnet.
Phantom is currently valued at $3 billion after raising $150 million in a Series C round led by Sequoia and Paradigm earlier this year.
