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In our latest Fully Diluted episode, we go deep with Humanity Protocol founder Terrence Kwok to explore how his team is tackling one of Web3’s most ambitious challenges: digital identity. With AI deepfakes on the rise and traditional KYC falling short, Humanity is building a blockchain-based identity layer using palm biometrics, zero-knowledge proofs, and reusable credentials to verify everything from employment to gaming habits—without ever sharing your private data. With nearly 10M Human IDs already issued and a major event ticketing acquisition under their belt, this is one protocol that’s putting humanity back at the center of crypto.

Get the full discussion on YouTube, Spotify, or Apple. 

Airtm and Bridge have partnered with Stellar to streamline cross-border stablecoin payouts, enabling companies to send real‑time, low‑cost USDC payments to over 250,000 recipients across 150+ countries.In just over a year, the integration has processed over $80 million in volume with 20–25% savings compared to traditional methods.

Pump It Up: The $PUMP ICO goes live July 12

Phantom has launched perpetual futures (perps) that can be traded directly in its mobile app, all powered by Hyperliquid. The new tab for perps uses account and chain abstraction to deliver a streamlined user experience (UX) that feels more akin to the UX of centralized exchanges. This integration is a significant breakthrough that positions Phantom with the potential to evolve into an all-in-one crypto app.

Phantom currently offers features such as in-app spot swaps, token transfers, and staking, but accessing applications on the mobile app is limited to an in-app browser plugin. Despite this, Phantom has consistently attracted 10 million monthly active users (MAUs) and did ~$20 billion in swap volume last year. 

As for Hyperliquid, this past week, the protocol averaged ~$502 million in daily perps volume, highlighting the demand for high-speed, high-liquidity, low-spread derivatives trading. Phantom’s integration of Hyperliquid, rather than a Solana-native perp DEX, like Drift, underscores its progression beyond a Solana-centric wallet and into meeting users across other ecosystems. Although Phantom is still best known for its historical alignment with Solana, the Hyperliquid integration continues its shift toward multichain support and an evolution into an all-in-one crypto app. 

Robinhood’s launch of tokenized stocks and the success of Circle’s IPO, demonstrate a movement towards mainstream crypto adoption. Phantom abstracts the operational flow of trading on Hyperliquid to offer a simple interface that compresses the process into a single transaction. Instead of visiting an external site, creating an account, and bridging funds, users sign a single transaction on the app. SOL is sent to Hyperliquid via Unit, converted to USDC using the spot orderbook and an agent wallet, then transferred to the perps balance with a EIP-712 signature it pre-generates. Phantom uses Hyperliquid’s Builder Codes, which modularize the platform and allow it to be embedded directly inside third-party apps.

Phantom has the potential to become a mainstream all-in-one crypto platform by integrating more protocols that capture users who might otherwise stay on CEXs. It has already added social features like usernames and an address book to simplify user interactions and could build on this with features like wallet-to-wallet messaging. If Phantom begins capturing a larger share of retail crypto users by streamlining UX and evolving into an all-in-one app, it could significantly shape which protocols ultimately succeed, as users may default to the options seamlessly integrated into the wallet interface. It will be worth watching which protocols Phantom chooses to incorporate next.