Phantom surpasses $50B in perpetuals trading volume

Phantom: Phantom is a popular Solana-based crypto wallet and trading app that enables users to manage assets and execute trades across multiple platforms. It has integrated perpetual futures trading through partnerships on the Hyperliquid network, serving as a key frontend builder in that ecosystem. The announcement highlights Phantom's rapid growth in perps trading volume since its launch just over a year ago, with support from collaborators like HyperliquidX and tradexyz. tradexyz: tradexyz is a prominent deployer and builder on Hyperliquid's HIP-3 protocol, specializing in creating and managing permissionless perpetual futures contracts for equities, commodities, and other assets. It has played a central role in expanding the range of tradable perps available through frontends like Phantom. The news specifically recognizes tradexyz for collaborative development alongside Phantom and HyperliquidX. HyperliquidX: HyperliquidX operates Hyperliquid, an L1 blockchain and decentralized exchange optimized for perpetual futures trading across crypto, commodities, indices, and real-world assets. It provides the core infrastructure and protocols, including the HIP-3 framework, that enable permissionless deployment of perps markets. Phantom credits HyperliquidX as a foundational partner in building its perps offerings. Integration: Phantom offers perps trading powered by Hyperliquid infrastructure directly within its mobile app and Terminal platform. Partnership: HyperliquidX and tradexyz have collaborated with Phantom to expand perps offerings, including HIP-3 deployed markets for diverse assets. Ecosystem Growth: Perps volume on platforms built with Hyperliquid has seen significant adoption through multiple frontends in recent months.