The popular Web3 wallet Phantom has launched perpetual contract trading through integration with the Hyperliquid platform. Initially, this feature is available to users in the EU.
Introducing: Phantom Perps ? ♾️
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
— Phantom (@phantom) July 8, 2025
The option operates through direct integration with Hyperliquid’s API. This allows futures trading directly within the wallet interface, maintaining non-custodial control over assets.
Traders have access to leverage up to 40x, stop-loss and take-profit orders, as well as real-time alerts. The interface is primarily adapted for mobile devices.
Phantom’s Multichain Strategy
The project emerged in 2021 as a wallet for the Solana ecosystem. Since 2023, the team has begun implementing support for other blockchains.
In December 2024, Phantom announced the integration of Sui in addition to the already supported Solana, Ethereum, Base, Polygon, and Bitcoin.
In January 2025, the project closed a Series C funding round of $150 million at a valuation of $3 billion. Despite rumors of an airdrop, developers stated that they do not plan to issue their own token.
Since April, users of 1inch can perform swaps on Solana by connecting Phantom or Trust Wallet via WalletConnect.