Market Pulse

Market Pulse - Hyperliquid Taps 15M Phantom Users

Updated: Jul 9, 2025

Published: Jul 8, 2025

Phantom just dropped Perps powered by Hyperliquid, opening the door for 15M+ users to trade seamlessly in-app. A massive UX win that could send $HYPE to new heights, and reshape on-chain perp trading forever.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

Phantom wallet has just introduced Perp spowered by Hyperliquid

What happened: Phantom, a leading non-custodial crypto wallet, launched Phantom Perps, a game-changing feature allowing users to trade perpetual futures contracts directly in-app. Powered by Hyperliquid’s API, users can long or short over 100 markets with up to 40x leverage, using stop-loss, take-profit orders, and real-time alerts, all within Phantom’s mobile-first interface.

This is so cool because one of my concerns regarding HL was its difficult on-boarding process: bridge here, bridge there, deposit, etc. It is not a user-friendly process. With Phantom integration, users can just hold SOL on Solana, and it will be automatically converted to USDC on Hyperliquid.

No need for bridges. A huge win for Hyperliquid UX.

Market reaction: We can see a nice boost across sentiment around Hyperliquid and Phantom. $HYPE price is reacting positively to the announcement, which is very good to see.

How to position: This announcement is bullish HYPE. It gives Hyperliquid access to over 15 million active Phantom users. This will boost volumes, fees and buyback of HYPE, which will likely boost the price. 3-digit HYPE is likely by the EOY or Q1 2026.

By the way, if you are not already positioned, you can farm the HyperEVM ecosystem for airdrops.