According to @phantom, Phantom Perps is now live with add to existing positions, partial closes, add or remove margin, move stop loss above entry, close all positions in one tap, flip long ↔ short, a faster market search bar, and shareable PNL cards, delivered over the past two weeks (source: Phantom on X, Sep 18, 2025). These tools enable granular control of entries, exits, margin, and stops for faster risk management and execution inside Phantom Perps (source: Phantom on X, Sep 18, 2025). The update also improves navigation and post-trade sharing via market search and PNL cards, aiding trade discovery and performance communication for active derivatives traders (source: Phantom on X, Sep 18, 2025).

According to Phantom, margin management is now live on Phantom Perps, allowing traders to add margin to reduce liquidation risk and remove margin to free up capital; source: Phantom on X, Sep 15, 2025. This release gives users more control over position risk and capital efficiency directly within Phantom Perps; source: Phantom on X, Sep 15, 2025.

According to @phantom, Phantom Perps has reached $10B in trading volume, with the announcement explicitly highlighting HYPERLIQUID; source: @phantom on X (Sep 12, 2025).

According to Phantom, the latest Phantom Perps update enables traders to add size to existing positions and partially close a trade in just a few taps. Source: Phantom on X, Sep 4, 2025. According to Phantom, the update is framed to keep traders flexible by allowing granular position adjustments without fully exiting positions. Source: Phantom on X, Sep 4, 2025.

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.