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

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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…

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