Phoenix
Phoenix is an on-chain perpetual futures DEX on Solana with USDC margin, from the team behind the Phoenix Spot orderbook.
What is Phoenix?
Phoenix is a non-custodial perpetuals exchange on Solana built by Ellipsis Labs, the team behind Phoenix Spot, an on-chain limit orderbook that has processed over $75B in lifetime volume. Traders deposit USDC, take leveraged long or short positions, and rely on funding rates, mark prices, and on-chain liquidation logic. Perps access is gated to an invited beta.
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Phoenix alternatives
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
