Phantom Wallet Bets Big on Perps With Hyperliquid Talent Hire
Phantom is expanding into perpetual futures trading by recruiting market builders from Hyperliquid, signaling a major product push.
Phantom, the popular Solana-based crypto wallet, is making a serious move into perpetual futures trading. The company just brought on market builders with direct experience from Hyperliquid, one of the hottest decentralized perps platforms in the space. This isn't a casual experiment — it's a deliberate doubling down on a product category that's exploding in on-chain volume.
Hyperliquid has been the benchmark for decentralized perpetual futures, drawing traders away from centralized exchanges with fast execution and deep liquidity. Poaching talent from that ecosystem tells you exactly what Phantom is aiming for: a best-in-class perps experience built right into a wallet that already sits on tens of millions of devices.
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For retail traders, this is worth paying attention to. If Phantom pulls this off, you could be executing leveraged trades on perpetuals without ever leaving your wallet interface. That's a friction reduction that could genuinely shift where active traders spend their time — and their fees.
The strategic logic is hard to argue with. Wallets that only hold assets are becoming commodity software. Wallets that let you trade, earn, and manage risk in one place have a real moat. Phantom clearly sees perps as the next battleground for user retention and revenue, and hiring builders who already know how to make these markets work is the fastest path there.
This hire signals that the on-chain derivatives race is accelerating, and Phantom wants a front-row seat. Continue reading at CoinDesk.
