The recent announcement of Hyperliquid's integration with Phantom has drawn attention from the DeFi community, opening new possibilities for users and investors.
Phantom in DeFi
Phantom, which has established itself as one of the most popular wallets on the Solana network, has expanded its support across multiple networks. Its integration with Hyperliquid allows users to open long and short positions as well as execute spot trades, thereby strengthening Phantom's position in the DeFi space. Hyperliquid, capable of processing 200,000 transactions per second without charging gas fees, has become a favorite among active traders, providing millions of Phantom users with the opportunity to transact directly on the platform.
Fluctuations in HYPE Coin
The recent dip of HYPE Coin to $37 led to a short-term rebound to $39 following the announcement of the integration. It is expected that Phantom's support will reflect in application data over the long term. A base at the $40 level and surpassing the $42 resistance could lead to testing the historical maximum region.
Conclusion
The integration of Hyperliquid with Phantom is a significant step for the DeFi ecosystem. With 15 million active users and $25 billion in asset volume, Phantom could attract a new set of users to the Hyperliquid platform, which in turn could change the market dynamics for lower-cap coins.
Phantom's support promises long-term benefits for both users and the DeFi ecosystem as a whole.
