Hey there, crypto enthusiasts! If you’ve been keeping an eye on the latest developments in the decentralized finance (DeFi) space, you’ve probably heard about Hyperliquid and Phantom’s exciting new moves. A recent tweet from MONK (@defi_monk) caught our attention, and we’re diving deep into what it means for traders, especially those in the US. Let’s break it down in a way that’s easy to digest, even if you’re new to the game!

What Are Hyperliquid Builder Codes and HIP-3?

First things first, let’s talk about Hyperliquid. It’s a platform that’s been making waves in the DeFi world, and its builder codes are a game-changer. These codes, along with Hyperliquid Improvement Proposal 3 (HIP-3), allow developers to create and deploy their own perpetual futures (or "perps" for short) markets. Think of perps as a way to bet on the future price of a cryptocurrency without owning it outright—kind of like a futures contract, but built for the blockchain.

The cool part? HIP-3 shifts some of the regulatory heavy lifting away from Hyperliquid Labs. By letting builders handle the deployment, it reduces the legal headaches that come with launching new financial products. This could be a big deal for expanding access to these markets.

Phantom Perps: Trading on the Go

Now, let’s shift gears to Phantom, a popular crypto wallet that’s stepping into the perps arena. According to Phantom’s thread, they’re rolling out "Phantom Perps," a mobile-friendly way to trade over 100 markets with up to 40x leverage. That’s right—40x leverage means you can amplify your position significantly, though it also comes with higher risks. The process is super simple: add funds, pick a market, and open a position—all from your phone!

The US Market Opportunity

Here’s where it gets interesting. MONK points out that if Phantom can figure out a way to let US users trade perps on mobile, it could massively expand the total addressable market (TAM) for Hyperliquid. The US has a huge number of crypto enthusiasts, but strict regulations often limit their access to advanced trading tools like perps. By leveraging builder codes, Phantom might sidestep some of these hurdles, opening the door for American traders to join the action.

Imagine this: millions of US users who were previously sidelined could now trade with ease, boosting Hyperliquid’s reach and Phantom’s user base. It’s a win-win, but it’ll depend on how well they navigate the regulatory landscape.

Why This Matters for Meme Token Fans

At Meme Insider, we’re all about keeping you in the loop on how these tech advancements impact the meme token world. While Phantom Perps focuses on major markets, the infrastructure could eventually support meme coin derivatives. If builders use HIP-3 to create perps for tokens like DOGE or SHIB, it could add a whole new layer of excitement (and risk!) to the meme token ecosystem.

The Risks to Watch Out For

Before you jump in, a quick heads-up: trading perps with high leverage is risky. As Phantom notes in their thread, this isn’t suitable for everyone, and it’s not available everywhere (sorry, UK folks!). Plus, regulatory bodies like the SEC are keeping a close eye on crypto innovations, so US access might still face challenges. Stay informed and trade responsibly!

What’s Next?

Hyperliquid and Phantom are clearly pushing the boundaries of what’s possible in DeFi. With perps rolling out to eligible users over the coming weeks, we’ll be watching closely to see how this plays out—especially for US traders. If you’re curious, check out Hyperliquid’s docs for more on builder codes, or follow MONK and Phantom for the latest updates.

What do you think—will this open the floodgates for US perps trading? Drop your thoughts in the comments, and let’s keep the conversation going!