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 listed TAO token for trading and launched a referral system.
Links
x.com/phoenixtradeListed TAO token for trading on the platform.
Launched referral codes, enabling users to earn fees on invited trader volume.
Added five new perpetual trading markets for DOGE, AAVE, SUI, ZEC, and BNB with 10x leverage.
Launched PnL share cards feature allowing users to share trading wins and losses.
Plans to make all program code source-available at general launch.
Released the Phoenix SDK for developer access and integration.
Reached 1,000 onboarded users on the platform.
Launched portfolio view feature allowing users to track positions, PnL, and portfolio value in one interface.
Launched private beta on Solana with Prop AMM feature.
Introduced by ellipsis_labs at SolanaConf Day 1 as a perpetuals exchange, with its CEO featured in Lightspeed podcast.
Ellipsis Labs announces they built PhoenixTrade perpetuals on Solana after working on it all year.
Launched on-chain perpetuals exchange on Solana, listed SKR perpetuals.
PhoenixTrade launches perpetuals (perps) trading feature, announced at SolanaConf.