10X vs Phantom
Dedicated trading terminal vs. crypto wallet with built-in trading. Both connect to Hyperliquid.
Both connect to Hyperliquid's order book with the same 50x leverage and 150+ markets. The difference is purpose: Phantom is a wallet with 17M users that added trading as a feature. 10X is a dedicated desktop trading terminal with full TradingView charts, advanced orders, and portfolio tracking built for active trading sessions.
Quick Comparison
| Feature | 10X | Phantom |
|---|---|---|
| Type | Desktop trading terminal (Hyperliquid L1) | Multi-chain crypto wallet with trading |
| Assets | 150+ (crypto, stocks, commodities) | Hyperliquid perps + Solana/ETH/BTC tokens |
| Max Leverage | 50x | Up to 50x (via Hyperliquid) |
| Trading Fees | 0.14% taker | Hyperliquid base fees + builder code fee |
| Charting | Full TradingView charts | Basic price charts |
| Advanced Orders | Limit, market, TP/SL | Limited order types |
| Custody | Self-custodial | Self-custodial |
| Desktop Experience | Purpose-built desktop app | Browser extension + mobile app |
| Mobile App | Mobile-optimized web app | Native iOS & Android |
| Multi-Chain | Hyperliquid L1 | Solana, Ethereum, Bitcoin, Polygon, Base |
Phantom: Strengths
- 17 million monthly active users across mobile and extension
- Multi-chain wallet supporting Solana, Ethereum, Bitcoin, Polygon, and Base
- Built-in token swaps across supported chains
- Native mobile apps for iOS and Android
- Earning $100K+ per day in Hyperliquid builder code revenue
- Convenient for users who already hold assets in Phantom
- Clean, consumer-friendly interface
Phantom: Weaknesses for Trading
- Not a dedicated trading terminal: trading is a secondary feature inside a wallet
- Limited charting: no full TradingView integration or advanced technical analysis tools
- Fewer advanced order types compared to purpose-built trading platforms
- No portfolio-level P&L tracking or position management dashboard
- Desktop experience is a browser extension, not a full trading interface
- Builder code fee adds cost on top of Hyperliquid's base trading fees
- Primarily designed for wallet management, not active trading sessions
10X: Why Traders Choose It
- Purpose-built desktop trading terminal designed for active traders
- Full TradingView charts with indicators, drawing tools, and multiple timeframes
- 150+ markets: crypto, stocks (AAPL, TSLA, NVDA), and commodities (Gold, Silver)
- Portfolio tracking with real-time P&L across all positions
- Up to 50x leverage on major assets like BTC and ETH
- Self-custodial: your private keys never leave your browser
- No KYC, no identity verification, no sign-up required
- Sub-second execution on Hyperliquid L1 ($5B+ daily volume)
- Clean, professional interface built for extended trading sessions
The Verdict
Phantom is a great wallet with 17M users and convenient Hyperliquid integration for quick trades. But it's a wallet first and a trading interface second. 10X is the opposite: a full trading terminal built specifically for Hyperliquid perps. If you want to check a price and place a quick trade from your phone, Phantom works. If you want advanced charts, portfolio tracking, and a professional desktop layout for serious trading, 10X is purpose-built for that.