.@PhoenixTrade just crossed $1b in all-time perpetuals volume, all unincentivized. A big milestone, and obviously still a very long way to go.
Thanks to all the traders that make Phoenix what it is today. Now it's time to turn on the spigot.
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DeFi has historically been hamstrung by only having access to a tiny set of quality assets. Besides a few majors and stables, pretty much every other on-chain asset has a crazy drag on it, maybe -30%/yr.
Now we are getting high quality representations of high quality assets on-chain. The case for permissionless innovation over a diverse asset layer has never been stronger.
Only on @solana.
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@totlsota Phoenix's spline primitive allows MMs to move all of their orders in a single transaction of a few hundred CUs.
