Understanding grouped assets in Phantom

  • Updated

Assets with the same ticker, such as USDC, are grouped into a single asset page. The page shows one default variant while keeping your holdings separate under Your Positions.

canonical-usdc.png
Assets (USDC in the image) are grouped by ticker, so one version represents the asset in the Tokens list

Your holdings stay separate

Your holdings don’t change. If you own multiple variants of the same asset, they remain separate and are shown under Your Positions on the asset page.

canonical-your-positions.png
Your holdings remain separate under Your Positions

Switch between asset variants

To view or trade another variant, tap the chevron next to the asset ticker.

canonical-chevron.png
Tap the chevron next to the asset ticker to choose another supported variant

For assets where perps are available, such as TSLA, the asset selector can include both tokenized variants across different networks and perpetual contracts, letting you switch between supported asset types from the same page.

canonical-tesla.png
Where available, the asset selector shows both tokenized variants and perpetual contracts

How Phantom chooses the default variant

For major assets on networks we support, like BTC, ETH, and SOL, the default variant is the native version of an asset on its home network.

For assets on networks Phantom doesn't support, we default to the Solana-wrapped version where one exists.

For all other assets, Phantom chooses the default variant based on liquidity, trading activity, and execution quality. Solana variants are generally preferred because they’re easiest to trade within Phantom. However, if another supported network consistently offers a better experience, that variant may become the default instead.

With all assets, you can easily switch between supported variants by tapping the chevron next to the asset ticker.

When the default changes

Phantom only changes a default variant when it improves the experience for most users. For example, after a bridge improvement, a sustained shift in trading activity, or issues affecting price data or execution quality.

Trade a different variant

The default variant is the version Phantom highlights throughout the app. You can switch to another supported variant at any time without changing your holdings.

If you want to buy, sell, long, or short a different variant, take these steps:

  1. Open the asset page.
  2. Tap the chevron next to the asset ticker.
  3. Select the variant you want.
  4. Tap Trade, then choose an action such as Buy or Sell.

FAQ

Does changing the selected asset change my holdings?

No. Changing the selected asset only changes which variant is displayed on the asset page. Your holdings stay on their original networks.

Why do I only see one USDC (or TSLA) in my Tokens list?

Phantom groups assets by ticker and uses one default variant to represent each asset across the app. If you own multiple variants, you can view them under Your Positions on the asset page or switch between them using the asset selector.

Where is the Send button?

Send isn't available from the grouped asset page. To send a specific variant, scroll to Your Positions, tap the token you want to send, then tap Send.

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Tap a token in Your Positions, then tap Send.

Or from Home, tap the + button in the lower right, then tap Send, and after choosing a recipient, pick the specific variant to send.

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