Phantom crosses $50 billion in perpetuals trading volume in just over a year

The Solana wallet's in-app perps product has drawn 192,000 traders and become the top revenue earner among Hyperliquid builders Phantom, the wallet most people downloaded to hold Solana tokens, has turned into a serious derivatives venue. The company announced on October 15, 2026 that its perpetual futures product has passed $50 billion in cumulative trading volume. That figure was built by 192,000 traders across millions of positions. It took just over a year. Phantom rolled out perps trading in July 2025. The product plugs users directly into Hyperliquid ’s on-chain order book without making them leave the wallet. The early numbers moved quickly. Volume hit approximately $1.8 billion in the first 16 days and reached $5 billion within five weeks. By late December 2025, cumulative volume stood at $26 billion.

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