Hyperliquid CEO Jeff Yan Applauds Phantom’s 40x Mobile Perps Launch

On July 9, Hyperliquid CEO and co-founder Jeff Yan publicly praised Phantom’s new perpetual futures (perps) feature. He is calling it a bold move that “brings finance onchain.” In an X post, Yan congratulated the Phantom team for launching perps on mobile and choosing Hyperliquid’s infrastructure to power the product.

“We’re honored they chose us,” he wrote. “Innovative user interfaces are a huge milestone. I’m excited to see Phantom and Hyperliquid scale and grow together.” He emphasized that Phantom could now rely on Hyperliquid’s deep liquidity and fast execution. While focusing purely on delivering a clean, intuitive user experience.

Phantom Brings Perps to Your Pocket

Phantom has announced the pre-sale launch. It offers users access to over 100 markets with up to 40x leverage, all inside the Phantom wallet. The rollout targets mobile-first users who want advanced trading tools without complex interfaces.

The product allows anyone to go long or short with a few taps. Users can fund their balance with SOL, which automatically converts to USDC on Hyperliquid. They can also set stop-loss and take-profit levels, making risk management easier on the go.

Hyperliquid Powers the Infrastructure

Hyperliquid, built on its own custom Layer-1 blockchain. It is known for providing high-speed, low-slippage trading and permissionless monetization tools for builders. Its infrastructure enables Phantom to deliver institutional-grade performance in a mobile wallet.

The integration uses “builder codes,” a monetization feature. That lets apps like Phantom earn fees natively without compromising on decentralization or liquidity quality. For traders, that translates into faster execution, deeper books, and fewer trade failures.

Making Pro Tools Beginner-Friendly

Phantom’s goal is clear: simplify crypto trading for the average user. According to its team, most perp platforms today cater to advanced traders with clunky UIs. Phantom flips that with a wallet-native approach that’s intuitive and beginner-friendly.

With everything accessible from the Home tab, users no longer need to jump between platforms or apps. Real-time alerts and built-in automation features mean even first-time traders can manage risk more confidently.

A Moment for Mobile DeFi

Jeff Yan’s praise captures the broader takeaway: this launch is a moment for DeFi. It shows what’s possible when infrastructure and UX come together. Phantom built a clean front end. Hyperliquid supplied the performance back end.

Together, they’ve created a new blueprint for mobile-first, high-performance DeFi. With both companies scaling fast, this collaboration may signal what the next generation of crypto products will look powerful, and be built for everyone.