Phantom rolls out up to 50x leverage on S&P500 longs and shorts, bridging crypto with tradfi amid SOL price prediction volatility.

According to @phantom, its Perps product has reached $26B in cumulative trading volume, 85K traders, 6M positions opened (3.9M longs, 2.1M shorts), and $100M in cumulative net deposits, source: @phantom. The long-to-short position count ratio is approximately 1.86 (about 65% long by count), indicating a net long skew within this dataset, source: @phantom. Traders averaged roughly 70.6 positions each (6M positions over 85K traders), signaling high engagement on the venue, source: @phantom. Implied turnover is around 260x (volume to net deposits), with an estimated average volume per trader near $306K and about $4.3K per position, source: @phantom. These benchmarks help traders assess directional crowding and typical ticket sizes for execution planning on this perpetual futures venue, source: @phantom.

According to @phantom, the company announced five major launches titled Phantom Cash, Phantom Perps, Phantom Terminal, Phantom Predictions, and Phantom Connect, published on its official X account on Dec 30, 2025. Source: Phantom on X, Dec 30, 2025, post ID 2006083196312772611. The post lists only the product names and does not provide feature details, supported chains, release timelines, token economics, or access requirements. Source: Phantom on X, Dec 30, 2025, post ID 2006083196312772611. From a trading perspective, the inclusion of items named Perps, Terminal, and Predictions indicates a lineup labeled for trading workflows by name, but no functional specifics are disclosed in the announcement. Source: Phantom on X, Dec 30, 2025, post ID 2006083196312772611.

According to @phantom, three new perpetual futures markets for LIT, GOLD, and MU are now live, allowing traders to go long or short with up to 20x leverage, enabling immediate derivatives trading access source: Phantom on X, Dec 23, 2025.

According to @phantom, Phantom Perps are not available in all jurisdictions and users should confirm local eligibility before trading, source: @phantom on X, Dec 9, 2025. According to @phantom, the referenced leverage reflects only the highest maximum among newly listed markets and actual leverage varies by market, so traders must review each market’s details before placing orders, source: @phantom on X, Dec 9, 2025. According to @phantom, perpetual contracts involve significant risk, the content is informational only, and past performance does not guarantee future results, source: @phantom on X, Dec 9, 2025.

According to @phantom, new perpetual futures markets went live in Phantom between Dec 2 and Dec 8, 2025 (source: Phantom on X, Dec 9, 2025). This confirms additional perps listings became available for execution inside the Phantom interface during that week, expanding the platform's tradable derivatives set for active traders (source: Phantom on X, Dec 9, 2025). The announcement did not specify individual pairs in the note shared, indicating traders should reference Phantom's in-app markets list for full details during the 12/2–12/8 launch window (source: Phantom on X, Dec 9, 2025).

According to @phantom, Phantom Perps are not available in all regions. source: Phantom on X, Dec 8, 2025. According to @phantom, trading perpetual contracts carries significant risk and may be unsuitable for some users. source: Phantom on X, Dec 8, 2025. According to @phantom, tokens from launchpads and newly listed assets can be highly volatile and speculative. source: Phantom on X, Dec 8, 2025.

According to @phantom, Phantom Perps rolled out three trading features in the past month: limit orders to enter at a target price, an Explore view to see what markets are trending on Phantom, and chart tools that let traders drag and drop to adjust stop-loss and take-profit levels (source: https://x.com/phantom/status/1985761943324672134, Nov 9, 2025). According to @phantom, the team also asked traders which features they want next, highlighting ongoing iteration relevant for perps users seeking tighter execution and risk management workflows (source: https://x.com/phantom/status/1985761943324672134, Nov 9, 2025).