Last updated:
Phantom on Hyperliquid: fees, volume and users
Multichain self-custody wallet with built-in perps, prediction markets and token trading.
Builder metrics: flowscan builder leaderboard, snapshot 2026-10-24. Homepage facts checked 2026-10-19. See the methodology.
About Phantom
| Category | Wallets |
|---|---|
| Type | Wallet |
| Venues / chains | Solana, ETH, BTC, HyperEVM and others; perps via Hyperliquid |
| Mobile app | Not stated on homepage |
| Markets | Not stated on homepage |
| Max leverage | Not stated on homepage |
| Copy trading | Not stated on homepage |
| Effective builder fee, 30d | 5.32 bps |
| Website | phantom.com |
Sources and dates
- Homepage checked 2026-10-19: https://phantom.com
- Builder metrics: flowscan builder leaderboard, snapshot 2026-10-24
“Not stated on homepage” means the page does not say; it does not mean the feature is missing.
Phantom metrics on Hyperliquid
| Period | Builder revenue | Volume | New users | Effective fee (bps) |
|---|---|---|---|---|
| 1 day | $38.2k | $67.68M | 412 | 5.64 |
| 7 days | $283k | $496.95M | 3,190 | 5.69 |
| 30 days | $1.42M | $2.67B | 15,937 | 5.32 |
| 90 days | $3.94M | $7.51B | 42,791 | 5.25 |
| All time | $27.62M | $54.08B | 209,050 total | 5.11 |
Effective fee = builder revenue / builder volume, in basis points (1 bps = 0.01%). It is an average realised rate, not the fee each user is charged; "—" means no volume in the period.
30 days vs the previous 30 days
| Metric | Last 30 days | Previous 30 days | Change |
|---|---|---|---|
| Builder revenue | $1.42M | $1.29M | +10.0% |
| Volume | $2.67B | $2.58B | +3.5% |
| New users | 15,937 | 16,188 | -1.6% |
How fees work on Phantom
Trading on Hyperliquid through any app costs Hyperliquid's base fee, which depends on your 14-day volume and any HYPE staking discount. If the app uses a builder code, it can charge an additional builder fee that you approved. Over the last 30 days its builder revenue divided by its builder volume was 5.32 bps. That is an average realised rate across all users and markets, not necessarily the fee you are charged. The full tier table is on Hyperliquid fees.
Highlights from the data
Positives
- 30-day builder revenue is up 10.0% vs the previous 30 days.
- 209,050 users have traded through its builder code (all time).
Watch-outs
- 15,937 new users in the last 30 days, down from 16,188 in the previous 30.
These points are derived only from the figures above and facts stated on the homepage; they are not a review.
Similar wallets apps
- Trust Wallet — $1.74M builder revenue, 30d
- Metamask — $1.44M builder revenue, 30d
- Rabby — $428k builder revenue, 30d
- OneKey — $225k builder revenue, 30d
Back to the full comparison table or all wallets.
FAQ
What are Phantom's fees?
Every Hyperliquid order pays Hyperliquid's base fee (at the lowest volume tier, 0.045% taker and 0.015% maker for perps, per Hyperliquid docs, snapshot 2026-10-20). An app can add a builder fee on top. Over the last 30 days its builder revenue divided by its builder volume was 5.32 bps. That is an average realised rate across all users and markets, not necessarily the fee you are charged. Check Phantom directly for its current rate. See Hyperliquid fees.
Is Phantom built on Hyperliquid?
Phantom sends orders to Hyperliquid (Solana, ETH, BTC, HyperEVM and others; perps via Hyperliquid). It appears on the Hyperliquid builder leaderboard with 209,050 users all time.
How much does Phantom earn from Hyperliquid trading?
Builder fees on Hyperliquid volume were $1.42M over the last 30 days and $27.62M all time, as of 2026-10-24. This counts only Hyperliquid builder fees, not the app's total revenue.