According to Phantom, Phantom perps recorded $5 billion in trading volume over 5 weeks on Hyperliquid; source: Phantom on X, Aug 14, 2025 https://twitter.com/phantom/status/1956106371772113034. This equates to roughly $1 billion per week and about $143 million per day, offering a concrete run-rate benchmark for derivatives liquidity monitoring; source: Phantom on X, Aug 14, 2025 https://twitter.com/phantom/status/1956106371772113034.

According to @phantom, Phantom Perps are not available in all regions, so users should verify eligibility before attempting to trade; source: @phantom, Aug 14, 2025. The notice states that trading perpetual futures carries significant risk and may not be suitable for all users; source: @phantom, Aug 14, 2025. The communication clarifies the product is not intended for UK audiences; source: @phantom, Aug 14, 2025.

According to @phantom, Phantom Perps reached a new all-time high of $80M in open interest, defined as the total value of open long and short positions (source: Phantom on X, Aug 13, 2025). For traders, rising open interest typically signals greater participation and liquidity that can amplify price swings and liquidation risk on perpetual venues (source: CME Group, Open Interest education; source: CFTC, Futures market basics).

According to @phantom, Phantom Perps are not available in all regions, indicating geographic availability limits for the product; source: Phantom on X, Aug 13, 2025 https://twitter.com/phantom/status/1955739069763428394. According to @phantom, trading perpetuals involves significant risk and may not be suitable for all users; source: Phantom on X, Aug 13, 2025 https://twitter.com/phantom/status/1955739069763428394. According to @phantom, the communication is not intended for UK audiences; source: Phantom on X, Aug 13, 2025 https://twitter.com/phantom/status/1955739069763428394.