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Phantom pockets introduced yesterday that it was integrating Hyperliquid perps proper into its pockets interface.
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That is shocking, primarily as a result of Phantom is Solana’s marquee pockets and much forward of competing wallets like Solflare or Backpack, with 15 million month-to-month lively customers (MAUs).
If Phantom wished a lower of the perps market, I suppose one would’ve naively anticipated it to companion up first with a local Solana perps DEX like Drift or Jupiter.
However although Drift or Jupiter could be hometown favorites, Hyperliquid is the place the cash already is.
Supply: Dune
So the pockets that onboarded thousands and thousands to Solana is now shepherding move to a rival venue, which doesn’t increase Solana charges or TVL in any respect.
Simply this morning, Kraken and Backed introduced that xStocks would even be launching on BNB Chain.
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Quickly, eligible Kraken prospects will have the ability to deposit and withdraw these BEP-20 inventory tokens straight from the alternate.
xStocks is Kraken and Backed’s tokenized inventory product that debuted on Solana lower than two weeks in the past (I wrote about it final week).
Tokenized shares could have been Solana-first, however they are going to be fiercely multichain. Bybit can be integrating xStocks.
xStocks’ transfer to BNB Chain is not any shock, given Backed co-founder Adam Levi’s said objective for the product to “be a impartial, public good asset class” and ultimately “increasing xStocks to different exchanges and chains.”
What investor psychological mannequin do these items of reports affirm?
The Phantom x Hyperliquid information appears to concurrently affirm each the Fats Pockets thesis and Fats App thesis.
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Construct an important pockets like Phantom, as a result of wallets, not apps, personal the customers.
Or construct an important app like Hyperliquid, as a result of customers comply with the app, not the underlying chain.
However should you can, you need to most undoubtedly construct a Fats Trade like Robinhood or Kraken, as a result of then you may take your customers to whichever chain you need.
Kraken is a Fats Trade, but it surely’s not fairly as Fats as Robinhood’s 14 million MAUs.
