Key Metrics
Fees 30d$1.27m
Fees 30d by chain
Hyperliquid L1$1.27m
Fees 7d$291,377
Hyperliquid L1$291,377
Fees 24h$39,139
Hyperliquid L1$39,139
Cumulative Fees$27.15m
Hyperliquid L1$27.15m
Revenue 30d$1.27m
Revenue 30d by chain
Hyperliquid L1$1.27m
Revenue 7d$291,377
Hyperliquid L1$291,377
Revenue 24h$39,139
Hyperliquid L1$39,139
Cumulative Revenue$27.15m
Hyperliquid L1$27.15m
Perp Volume 30d$2.361b
Perp Volume 30d by chain
Hyperliquid L1$2.361b
Perp Volume 7d$517.81m
Hyperliquid L1$517.81m
Perp Volume 24h$70.11m
Hyperliquid L1$70.11m
Cumulative Perp Volume$52.806b
Hyperliquid L1$52.806b
Protocol Information
Phantom Perps is an interface for trading long or short across 100+ markets with up to 40x leverage, using HyperliquidX.
Sub Category: Hyperliquid Builder
Methodology
Fees: trading fees paid by users for perps in Phantom wallet.View code on GitHubRevenue: Builder Code Fees collected by Phantom from Hyperliquid Perps as Frontend Fees.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Phantom Perps history
Fees and revenue by UTC calendar month, Jul 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Jul 2025 | $1.32m | $1.32m |
| Aug 2025 | $2.84m | $2.84m |
| Sep 2025 | $1.92m | $1.92m |
| Oct 2025 | $2.79m | $2.79m |
| Nov 2025 | $2.28m | $2.28m |
| Dec 2025 | $1.63m | $1.63m |
| Jan 2026 | $1.56m | $1.56m |
| Feb 2026 | $1.84m | $1.84m |
| Mar 2026 | $1.95m | $1.95m |
| Apr 2026 | $1.27m | $1.27m |
| May 2026 | $1.23m | $1.23m |
| Jun 2026 | $1.81m | $1.81m |
| Jul 2026 | $1.14m | $1.14m |
| Aug 2026 | $1.26m | $1.26m |
| Sep 2026 | $1.19m | $1.19m |
| Oct 2026 (to date) | $1.13m | $1.13m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/phantom-perps
Frequently asked questions
What chains does Phantom Perps operate on?
Phantom Perps operates on Hyperliquid L1.
How much has Phantom Perps generated in fees and revenue?
Over the past 30 days, Phantom Perps generated $1.27m in fees. Of that, $1.27m was protocol revenue. Based on the trailing year, the annualized rate is $18.81m in fees and $18.81m in revenue.
How does Phantom Perps' TVL compare to similar protocols?
Among Interface protocols tracked by DefiLlama, Phantom Perps ranks #11 by TVL. The category holds $619,197 across 341 protocols, and Phantom Perps accounts for 0% of that total. Similar protocols include Ventuals, LiquidBots, Jupiter Prediction, otomate.trade, DESK CLOB, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.
How much perpetual futures volume does Phantom Perps process?
Phantom Perps processed $2.361b in perpetual futures volume over the past 30 days.