Phantom has taken a decisive step into the increasingly competitive world of Solana trading terminals with the beta release of Phantom Terminal, a web-based platform designed for advanced traders while remaining accessible to newcomers.
The move extends Phantom’s presence beyond its popular wallet and continues the company’s recent push to build a broader suite of onchain financial tools.
The launch comes at a time when several projects have introduced their own terminals, signaling rising demand for integrated trading environments across the Solana ecosystem.
A Unified Command Center for Onchain Markets
Phantom frames the Terminal as a single hub where users can discover, analyze, and trade assets from one place. Users can track performance through P&L views, monitor wallets, and create watchlists for tokens they want to follow.
Phantom Terminal introduces a browser-based interface that lets users trade across thousands of markets, including memes, trending tokens, and perpetual contracts. The platform focuses on responsiveness, with real-time charts, sub-second execution, and low latency, intended to support active traders who rely on speed. Its layout places essential tools front and center, reducing visual noise to support a smoother workflow.
The terminal integrates TradingView charts, complete with drawing features and technical indicators. Advanced order types such as limit, stop loss, and take profit give traders more control over their positions. This setup aims to blend professional functionality with the familiar design language Phantom users already know.
One of Phantom Terminal’s standout capabilities is its handling of device continuity. Positions and balances sync between desktop and mobile, which allows users to begin trading on one device and continue managing their portfolio on another without interruption. This continuity supports a more flexible approach to trading and aligns with Phantom’s broader effort to streamline onchain activity across platforms.
Phantom’s Broader Expansion
Phantom Terminal arrives during a period of rapid expansion for the company. The company recently launched support for perpetual futures trading directly within the app as part of efforts to become a comprehensive consumer finance platform. Flowscan data suggests that it was indeed the right move, as the product has generated $2.6m in revenue over the past 30 days and $5.2b in total volume.
In August, Phantom acquired SolSniper, an advanced onchain trading terminal, marking its fourth acquisition in two years and its first major push into trading infrastructure.
In a Tuesday tweet, Maz, CEO of SolSniper before Phantom’s acquisition, alluded to Phantom Terminal being developed by the SolSniper team.
In October, Phantom introduced Phantom Cash, a consumer payments service powered by $CASH stablecoin issued through Bridge, a company recently acquired by Stripe. The service offers instant fiat funding, fee-free stablecoin trading, Visa-backed payments through Apple Pay and Google Pay, and peer-to-peer transfers.
These moves suggest Phantom aims to broaden its footprint across multiple layers of the onchain economy, ranging from consumer payments to professional trading tools.
A Competitive Field
Phantom’s entry follows a wave of activity in the Solana trading terminal space and arrives at a moment when the segment has become highly lucrative. Axiom Exchange illustrates this shift. The company surged past $300 million in cumulative revenue in just 263 days, making it the fastest crypto application to reach that mark.
According to DefiLlama data, the trading app has also generated nearly $4 million in revenue over the past week alone. This rapid growth has drawn significant attention to the trading terminal category.
Earlier this month, xFractal released an AI agent-powered, data-driven terminal.
In October, pump.fun acquired Padre, now rebranded simply as Terminal, to strengthen its multi-chain trading capabilities. These developments show how quickly the category is evolving and how Solana-native users now have multiple specialized options.
What Comes Next?
Phantom views the beta release as an early step. The team plans to introduce support for additional blockchains, expand available order types, and integrate more features over time. The company aims to make Phantom a unified, fast, and reliable environment for users across the skill spectrum.
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