Phantom launches Perptual Futures trading, can the Solana ecosystem Wallet break through?

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Solana ecosystem wallet Phantom launches Perptual Futures trading feature, can it break through in the fiercely competitive market?

The Solana ecosystem wallet Phantom recently announced the launch of Futures Trading functionality, supported by Hyperliquid's API. This feature is initially available to users in the European Union, allowing eligible users to conduct Perptual Futures trading directly within the wallet while maintaining non-custodial control over their positions.

Phantom provides a mobile-centric experience, supporting up to 40x leverage, stop-loss, take-profit, and real-time alerts. However, this new feature has also raised some users' concerns about fee transparency. Some users pointed out that the exchange between USDC and SOL actually takes place on Hyperliquid, not on Phantom.

Phantom integrates Hyperliquid Perptual Futures feature, can it break through in the wallet war with its former ten million monthly active users?

In the past year and a half, Phantom has demonstrated rapid expansion. From May 2024 to February 2025, over a period of 9 months, the company completed three acquisitions: the token and NFT data platform SimpleHash, the security company Blowfish, and the embedded wallet operator Bitski. These acquisitions aim to simplify the crypto experience, enhance user security, and improve data processing capabilities.

In addition, Phantom announced in January 2025 that it raised $150 million in a Series C funding round, co-led by Sequoia Capital and Paradigm. This brought Phantom's total funding to $268 million, with a valuation of $3 billion. At that time, Phantom stated that it had 15 million monthly active users.

However, with increasing market competition, especially with large exchanges like Binance launching their own wallet products, Phantom faces significant market pressure. Data shows that in terms of active traders for weekly Swaps, Phantom's market share is only 4%, but still higher than the competitor Metamask's 2.4%. In terms of weekly Swap trading volume, Phantom holds a 0.3% share, also higher than Metamask's 0.1%, but far below Binance's 94.5%.

Phantom integrates Hyperliquid Perptual Futures functionality, can it break through in the wallet battle with millions of monthly active users?

Despite facing challenges, Phantom continues to innovate and expand its services. In addition to the Perptual Futures trading feature, the company has also expanded support for multiple blockchains, including Ethereum, Polygon, Bitcoin, Base, and Sui. Furthermore, Phantom plans to offer support upon the launch of the Monad blockchain.

Whether Phantom can stand out in the fiercely competitive cryptocurrency wallet market is still a question worth paying attention to. The company's focus on user experience and technological innovation as its core strategy may provide potential growth momentum for its future market competition.

Phantom integrates Hyperliquid Perptual Futures feature, can it break through in the wallet war with its previous ten million monthly active users?

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Fren_Not_Foodvip
· 07-23 01:49
Buy SOL early.
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MetamaskMechanicvip
· 07-21 15:15
What does this wallet want to do?
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SatoshiNotNakamotovip
· 07-21 05:11
Just playing around, the market has been completely occupied.
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MetaMiseryvip
· 07-20 22:12
Although I've played a lot of chains, I still think Sol is great.
View OriginalReply0
P2ENotWorkingvip
· 07-20 22:09
sol stabilizes
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LayerHoppervip
· 07-20 21:57
Sounds pretty good!
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LiquidityWizardvip
· 07-20 21:55
statistically speaking, a 0.4% market share isn't exactly groundbreaking
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WealthCoffeevip
· 07-20 21:54
Can you have fun or not?
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