Phantom Launches 40x Mobile Perps with Hyperliquid Infrastructure

On July 9, Hyperliquid CEO and co-founder Jeff Yan publicly commended Phantom's latest innovation, the 40x mobile perpetual futures (perps) feature. Yan described this launch as a daring initiative that signifies a significant step towards bringing financial services onto the blockchain. In a post on X, Yan extended his congratulations to the Phantom team for successfully launching perps on mobile devices and for selecting Hyperliquid’s infrastructure to support this new product. Yan expressed his pride in being chosen as the infrastructure provider, highlighting the strategic partnership between the two companies.

The launch of 40x mobile perps by Phantom represents a major advancement in the decentralized finance (DeFi) space. By offering high leverage on mobile devices, Phantom is making sophisticated trading tools more accessible to a broader audience. This move aligns with the growing trend of mobile-first financial services, which cater to the increasing number of users who prefer to manage their finances on the go. The integration of Hyperliquid’s infrastructure ensures that the perps feature is robust, secure, and scalable, providing a reliable foundation for users to engage in high-leverage trading.

Jeff Yan's endorsement of Phantom's new feature underscores the potential of mobile perps to revolutionize the DeFi landscape. By bringing finance onchain, Phantom is not only expanding the capabilities of decentralized platforms but also democratizing access to advanced financial instruments. This development is likely to attract more users to the DeFi ecosystem, as it offers them the convenience of mobile trading combined with the security and transparency of blockchain technology.

The collaboration between Hyperliquid and Phantom is a testament to the growing synergy between infrastructure providers and DeFi platforms. As the demand for decentralized financial services continues to rise, partnerships like these will play a crucial role in driving innovation and enhancing user experience. The successful launch of 40x mobile perps by Phantom, powered by Hyperliquid’s infrastructure, sets a new standard for mobile trading in the DeFi space and paves the way for future advancements in this rapidly evolving field.