Logo of Phoenix PerpPhoenix Perp

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Total Value Locked$23.44m

TVL by Chain

Solana$23.44m

Key Metrics

Fees 30d$296,579
Fees 30d by chain

Solana$296,579

Fees 7d$73,676

Solana$73,676

Fees 24h$16,478

Solana$16,478

Cumulative Fees$961,182

Solana$961,182

Perp Volume 30d$1.191b
Perp Volume 30d by chain

Solana$1.191b

Perp Volume 7d$301.38m

Solana$301.38m

Perp Volume 24h$67.35m

Solana$67.35m

Cumulative Perp Volume$3.865b

Solana$3.865b

$25.65m

Protocol Information

Phoenix Perp is a decentralized perpetual futures market on Solana that is fully on-chain, non-custodial, and crankless.

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Category:Derivatives

Methodology

TVL: TVL is trader funds on Phoenix perps: USDC held in the Ember vault that backs all deposits, plus native SOL held on trader accounts (rent excluded).View code on GitHubFees: Trading fees paid by users on perpetual positions.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Jupiter Perpetual Exchange ($776.61m)GMX Solana ($27.86m)Pacifica Perps ($27.04m)BULK ($7.82m)TurboFlow Perps ($6.56m)Bumpin Trade ($4.44m)Parcl V3 ($763,291)Lavarage ($696,198)Drift Trade ($642,413)Wasabi Perps ($635,826)

Frequently Asked Questions

What is Phoenix Perp's TVL?

Phoenix Perp currently has $23.44m in total value locked.

What chains does Phoenix Perp operate on?

Phoenix Perp operates on Solana. Solana holds the largest share at 100%.

How much has Phoenix Perp generated in fees?

Over the past 30 days, Phoenix Perp generated $296,579 in fees. Based on the trailing year, the annualized rate is $1.51m in fees.

How does Phoenix Perp's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Phoenix Perp ranks #14 by TVL. The category holds $2.003b across 420 protocols, and Phoenix Perp accounts for 1.2% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX Solana, Pacifica Perps, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, Lavarage, Drift Trade, and Wasabi Perps.

How much perpetual futures volume does Phoenix Perp process?

Phoenix Perp processed $1.191b in perpetual futures volume over the past 30 days.