what's Phoenix Perpetuals?
Phoenix Perpetuals is a fully on-chain perpetual futures exchange built on Solana by Ellipsis Labs. It delivers a professional-grade trading experience with deep liquidity, tight spreads, and significantly reduced trading costs—over 80% lower than prior Solana spot markets. The platform is non-custodial, emphasizing security through its on-chain risk and matching engine, allowing anyone to build on top via open program access. Leveraging three years of infrastructure from Phoenix spot markets (launched 2023) and SolFi AMM innovations, Phoenix Perpetuals uses crankless execution for reliable performance at scale. It processes perpetuals trading with Solana's high throughput and ultra-low fees, enabling seamless limit orders and derivatives without centralized intermediaries.
Phoenix Perpetuals by Ellipsis Labs launches in private beta.
Links
x.com/phoenixtradeLaunched portfolio view feature allowing users to track positions, PnL, and portfolio value in one interface.
Phoenix Perpetuals by Ellipsis Labs launches in private beta.
At SolanaConf Day 1, ellipsis_labs introduces Phoenix Perpetuals as a high-performance perpetuals exchange, following their work on SolFiAMM and PhoenixTrade.
Ellipsis Labs announces they built PhoenixTrade perpetuals on Solana after working on it all year.
Phoenix Perpetuals launches today as an on-chain perpetuals exchange built on Solana.
PhoenixTrade launches perpetuals (perps) trading feature, announced at SolanaConf.