Phantom Benchmark

Terminal	Median swap	Value lost, median	Lost / swap, median	App fee	Network	Pool	Protocol	Failed	p90	Swaps
1FOMO · Mobulaappby chain	$15.0	214 bps 2.14 %212 to 217	$0.32	—	15	108 +72 relay	0	0.0%	466 bps	11051
2FOMOappby chain	$14.7	347 bps 3.47 %342 to 350	$0.51	180	19	113	3	1.1%	642 bps	1651
3Bloombotby chain	$26.1	449 bps 4.49 %437 to 460	$1.17	98	67	79	124	4.6%	793 bps	680
·Pump Bridgeappby chainprovisional	$12.5	201 bps 2.01 %197 to 204	$0.25	70	15	79	0	—	382 bps	3277
·Phantomappby chainprovisional	$15.0	250 bps 2.50 %240 to 260	$0.37	85	9	112	3	1.4%	584 bps	611
·pump.fun appprovisional	$10.0	255 bps 2.55 %236 to 276	$0.26	44	1	66	123	6.5%	659 bps	594
·Binance Walletappby chainprovisional	$10.0	298 bps 2.98 %298 to 299	$0.30	49	21	219	0	1.5%	426 bps	3779
·BasedBotprovisional	$40.3	330 bps 3.30 %321 to 345	$1.33	55	1	171	71	1.3%	601 bps	785

Every figure here is a median, not an average: losses have a long right tail, so averaging the sampled rows returns a larger number (pump.fun, 250 bps median against a 360 bps mean). Split columns are medians of each cost in basis points of the trade (100 bps = 1 %), each chain's median weighted by its flow on a multi-chain product; they do not sum to the median loss, the per-swap sums do (audit table).Terminal feeNetwork (tx fee + tips, origin gas)Relay (bridge fees + spread)Protocol fees (launchpad, curve, referrals)Pool (LP fee + impact, hops)

Audit the sampled swaps · the 3000 most recent transactions (69 on Phantom), one per row with its Solscan link, loss and cost split, on the bench page

Real user swaps read on-chain (Solana: each terminal's fee-wallet and program feed; EVM: the terminals' routers and blocks read in full; 150 drawn at random per terminal per day, Solana and EVM alike, every attempt counted for the fail rate), valued at the pool's state before the trade (exact where the pool's formula is known: PumpSwap, Raydium, Launchpad, DLMM, four.meme, the EVM pools; the previous trade on the same pool within 60 s elsewhere; swaps without one keep their cost split but no loss figure). Loss = 1 − value received / value given, in basis points of the trade; terminal, network and other are exact from balance deltas, the tx fee and inclusion tips included. Published from 50 priced swaps pooled (a chain row or a single-chain product from 25), ranked from 100. Phantom's in-wallet swap: 0.85 % of the trade to its fee wallet in SOL or WSOL, routed through Jupiter or its own router. Pooled over the chains published on their own; a chain still filling its window is left out until then. This figure covers about 24.0 h, not the 24 h the page states, so it is published and not ranked until the window fills. Bench 268, rolling 24 h, as of Fri, 13 Nov 2026 19:34:49 UTC.