Phantom Taps Hyperliquid Team to Expand Perpetual Futures Push

TLDR

• Phantom hired three core builders from the Hyperliquid-based Ventuals project.

• Ventuals shut down its private-company perpetual futures markets earlier this week.

• The hires strengthen Phantom’s trading and data capabilities within Hyperliquid.

• Phantom is expanding beyond wallets into derivatives and trading services.

• Perpetual futures remain a key growth area across the Hyperliquid ecosystem.

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Phantom has hired key builders from a prominent Hyperliquid project to expand its trading ambitions. The move follows the shutdown of Ventuals, a private-market trading experiment on Hyperliquid. The hires signal Phantom’s deeper push into perpetual futures and onchain financial products.

Phantom Expands Trading Strategy with Hyperliquid Talent

Phantom confirmed it hired Alvin Hsia, Emily Hsia, and Aris Samad from Ventuals. The team previously built private-company perpetual markets within the Hyperliquid ecosystem. Their transition strengthens Phantom’s trading and data infrastructure.

Ventuals recently ended operations and exited its Hyperliquid-based markets. The project had focused on trading private company valuations through perpetual futures contracts. However, the team chose to integrate into broader Hyperliquid ecosystem initiatives.

Phantom CEO Brandon Millman said the hires support long-term trading expansion. He stated, “Open markets have become a major focus for us.” He added that Phantom continues building around Hyperliquid and its evolving infrastructure.

Hyperliquid Drives Growth in Perpetual Futures Markets

Perpetual futures remain central to the Hyperliquid ecosystem and broader crypto markets. These derivatives allow traders to hold positions without fixed expiration dates. As a result, platforms like Hyperliquid attract consistent trading activity.

Moreover, Hyperliquid supports continuous trading and strong liquidity across multiple asset classes. This structure enables markets for crypto, commodities, and even private company exposure. Therefore, projects like Ventuals emerged within the Hyperliquid framework.

Meanwhile, traditional finance firms also explore perpetual futures outside crypto. Prediction market operator Kalshi recently launched similar products after regulatory approval. This trend highlights growing interest in always-on derivatives beyond Hyperliquid.

Phantom Deepens Role Within Hyperliquid Ecosystem

Phantom has grown from a wallet provider into a broader financial platform. It now offers swaps, staking, and derivative trading features to users. Consequently, its integration with Hyperliquid has become more strategic.

The company described itself as the largest distribution partner within Hyperliquid. This position allows Phantom to onboard users into Hyperliquid trading products efficiently. Therefore, expanding its team strengthens its influence across the ecosystem.

Millman praised Hyperliquid’s structure and market efficiency in his remarks. He said it represents “one of the best examples anywhere of open markets.” He emphasized that Hyperliquid enables global liquidity and transparent infrastructure.

Phantom plans to build more products focused on perpetual futures trading. The addition of the Ventuals team supports faster product development cycles. As a result, Phantom expects deeper integration with Hyperliquid moving forward.

 

The company continues aligning its roadmap with Hyperliquid market growth trends. It aims to capture demand for decentralized derivatives and open financial systems. This strategy reinforces Phantom’s commitment to Hyperliquid and perpetual futures expansion.