According to @phantom, HIP-3 is now live in Phantom with XYZ100-USD available as the first market. Source: Phantom on X, Oct 13, 2025. For traders, this creates a new XYZ100-USD market within Phantom’s interface, but the announcement did not disclose liquidity, fees, or regional availability. Source: Phantom on X, Oct 13, 2025. Given the limited details, traders should verify liquidity, spreads, and execution quality before sizing positions in XYZ100-USD. Source: Phantom on X, Oct 13, 2025.