Perpetual Futures Are Coming to a Popular Solana Crypto Wallet. That's Why I'm Considering Buying Solana Right Now.

Perpetual Futures Are Coming to a Popular Solana Crypto Wallet. That's Why I'm Considering Buying Solana Right Now. Alex Carchidi, The Motley Fool Wed, July 8, 2026 at 12:43 PM GMT+2 3 min read SOL-USD NVDA HYPE32196-USD Phantom, the most widely used wallet for coins on Solana (CRYPTO: SOL), just hired a team of developers who ran some of the most high-profile private-company perpetual futures markets on Hyperliquid over the last couple of months.

With this, Phantom joins the trend of wallets muscling deeper into leveraged derivatives, and the field is filling fast. For Solana holders, the temptation here is to read this development as bullish news for buying Solana. But the story is more complicated than that -- and the nuance is what's making me consider buying more Solana -- so let's dive in and see what's actually happening.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again.  In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.

 For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.   Continue » Image source: Getty Images. Why this isn't as bullish as it looks Perpetual futures contracts , or "perps," are derivatives that offer leveraged exposure to the future price of an underlying asset, with no expiration date.

Phantom's perp product uses Hyperliquid's platform as a back end, which is not a Solana-native venue; the wallet is Hyperliquid's largest distribution partner. The hiring of the developer team deepens that partnership, but it isn't a bid by Solana to build the next Hyperliquid. The direct benefit to Solana is thus going to be modest at best.

It'll matter for the chain only if Phantom's users buy more tokenized stocks on Solana, or keep their trading proceeds in SOL -- and neither is likely. Why I'm still considering buying Phantom is a wallet that in practice is primarily used by meme coin traders. But there's a more important backdrop to its move into perpetuals.

Tokenized stocks, which can act as the underlying asset for perpetuals, are booming, and much of the activity is happening on Solana. In the second quarter of 2026, Solana handled $5. 8 billion in tokenized asset spot trading volume, a quarterly record.

As of July 6, there was $566 million in tokenized stocks parked on its chain, trailing right behind Ethereum with $642 million. Perp markets for those same equities are probably the next opportunity for Solana to capture, if it can. If it happens, that'll likely drive more capital to the chain, as well as increase the chain's activity, both of which will drive transaction fees .

Buying Solana as a result of this thesis alone is too big a stretch. The token has a value-capture problem in that chain activity doesn't meaningfully accrue to the coin's holders, and the Phantom deal does nothing to change that. But if Solana-native perp venues absorb meaningful tokenized stock activity flow over the coming quarters, that might not matter, so watch this chain carefully, as it might be worth buying with enthusiasm relatively soon.

Story Continues Should you buy stock in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the  10 best stocks for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,  you'd have $409,970 ! * Or when Nvidia made this list on April 15, 2005...

if you invested $1,000 at the time of our recommendation, you'd have $1,200,223 ! * Now, it's worth noting  Stock Advisor's total average return is 916% — a market-crushing outperformance compared to 210% for the S&P 500.  Don't miss the latest top 10 list, available with  Stock Advisor , and join an investing community built by individual investors for individual investors.

See the 10 stocks » *Stock Advisor returns as of July 8, 2026. Alex Carchidi has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Ethereum, Hyperliquid, and Solana.

The Motley Fool has a disclosure policy . Perpetual Futures Are Coming to a Popular Solana Crypto Wallet. That's Why I'm Considering Buying Solana Right Now.