Phantom
Key Metrics
Fees (Annualized)$272.88m
Fees 30d$22.37m
Fees 7d$5.18m
Fees 24h$826,811
Cumulative Fees$436.28m
Revenue (Annualized)$272.88m
Revenue 30d$22.37m
Revenue 7d$5.18m
Revenue 24h$826,811
Cumulative Revenue$436.28m
Perp Volume 30d$2.961b
Perp Volume 7d$274.42m
Perp Volume 24h$0
Cumulative Perp Volume$3.01b
Total Raised$268m
Jul 14, 2021$9mRound: Series AInvestors: AllianceDAO, a16z, Garry Tan, Jump Capital, Robert Leshner, Variant Fund
Jan 31, 2022$109mRound: Series BInvestors: Paradigm, a16z, Variant Fund, Solana Ventures, Jump CryptoSource: https://twitter.com/phantom/status/1488172975744454656?s=20&t=AL2Htl3blX-PudEM_cSAgg
Jan 16, 2025$150mRound: Series CInvestors: Sequoia Capital, Paradigm, a16z crypto, Variant FundSource: https://x.com/phantom/status/1880018917068009527
Phantom
fetching perp volume...
Key Metrics
Fees (Annualized)$272.88m
Fees 30d$22.37m
Fees 7d$5.18m
Fees 24h$826,811
Cumulative Fees$436.28m
Revenue (Annualized)$272.88m
Revenue 30d$22.37m
Revenue 7d$5.18m
Revenue 24h$826,811
Cumulative Revenue$436.28m
Perp Volume 30d$2.961b
Perp Volume 7d$274.42m
Perp Volume 24h$0
Cumulative Perp Volume$3.01b
Total Raised$268m
Jul 14, 2021$9mRound: Series AInvestors: AllianceDAO, a16z, Garry Tan, Jump Capital, Robert Leshner, Variant Fund
Jan 31, 2022$109mRound: Series BInvestors: Paradigm, a16z, Variant Fund, Solana Ventures, Jump CryptoSource: https://twitter.com/phantom/status/1488172975744454656?s=20&t=AL2Htl3blX-PudEM_cSAgg
Jan 16, 2025$150mRound: Series CInvestors: Sequoia Capital, Paradigm, a16z crypto, Variant FundSource: https://x.com/phantom/status/1880018917068009527
Methodology
Fees:
Phantom Wallet: All fees paid by users for swapping, bridging in Phantom wallet.View code on GitHubPhantom Perps: trading fees paid by users for perps in Phantom wallet.View code on GitHub
Revenue:
Phantom Wallet: Fees collected by Phantom.View code on GitHubPhantom Perps: Builder Code Fees collected by Phantom from Hyperliquid Perps as Frontend Fees.View code on GitHub
Perp Volume: Notional volume of all trades in the protocol, includes leverage
Income Statement for Phantom
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | |
|---|---|---|---|---|---|---|---|
| Fees | $30.86m | $51.33m | $164.91m | $135.08m | $35.13m | $18.95m | $76 |
| Revenue | $30.86m | $51.33m | $164.91m | $135.08m | $35.13m | $18.95m | $76 |
| Earnings | $30.86m | $51.33m | $164.91m | $135.08m | $35.13m | $18.95m | $76 |