Phoenix
@PhoenixTrade
Solana’s on-chain perpetuals exchange. Live in beta.
11 Following 35.9K Followers
안녕하세요, 한국 여러분!
@0xShitTrader and @ethtwit from our team will be in Seoul for KBW the week of 9/27 and Singapore the week of 10/5, hosting exclusive events for traders.
If you trade perpetuals on Solana (or want to), reach out!
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What did you trade on Phoenix this week?
The market is heating up, and so is funding on Phoenix.
Here's how the board looked this week:
next week is going to be big for @joinfrontier
excited to talk shop - give me a shout if you’re in toronto!
$BTC over $80k
$SOL over $110
$ZEC over $1470
$NEAR over $3.65
$HYPE over $90
Crypto is back, and it's all tradable on Phoenix.
This user trading $ZEC on @PhoenixTrade is now up $2,000,000.
Trade $ZEC on @PhoenixTrade
The markets are up today across the board.
Trade the move on Phoenix with USDC or SOL:
Over 5,200 SOL deposited into Phoenix in less than 24 hours.
What should we add next as collateral?
SOL is live as collateral on Phoenix.
Deposit SOL and use it to back perpetual positions directly across crypto, equities, and commodities. No USDC required.
Hold SOL. Trade anything.
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I'm incredibly excited to support SOL as collateral on @PhoenixTrade: not for what it enables today, but for what it represents for the future of on-chain trading.
Getting this feature to work was very technically involved:
- We had to properly recognize a new collateral type on Phoenix accounts without breaking existing interfaces and integrations
- We added the capability for the on-chain risk engine to value SOL for margin
- We directly integrated every current (and any future) spot DEX into Phoenix to allow for atomic spot liquidations and swaps
This feature only scratches the surface of what an on-chain exchange can offer when paired with a generalized asset ledger. Solana spot markets already facilitate billions of dollars of daily trading activity across a diverse selection of assets.
With multicollateral support just around the corner, any asset with a liquid Solana spot market becomes a candidate for margin.
Only possible on @solana
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SOL is live as collateral on Phoenix.
Deposit SOL and use it to back perpetual positions directly across crypto, equities, and commodities. No USDC required.
Hold SOL. Trade anything.
Show more
SOL is live as collateral on Phoenix.
Deposit SOL and use it to back perpetual positions directly across crypto, equities, and commodities. No USDC required.
Hold SOL. Trade anything.
Show more
The Senate just killed the CLARITY Act. 40+ no votes, cloture failed at 2:43 PM ET.
XRP -7.7%
COIN -5.2%
SOL -4.1%
ETH -3.1%
HYPE -3.0%
BTC -2.5%
The 4th largest liquidation event in Phoenix history.
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Saudi Arabia shut its biggest pipeline on Friday, and the extent of the damage was discovered over the weekend.
TradFi had to wait 48 hours to react.
Traders on Phoenix did it immediately.
Trade WTIOIL at up to 20x leverage:
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Frontier Traders has arrived.
Join the frontier, trade on Phoenix, earn rewards, VIP fee tiers, and other perks.
TWAP in or out with size on Phoenix.
The largest position in Phoenix history is a $4m ZEC TWAP long executed over 30 minutes with minimal price impact, currently up $646k.
TWAP available now in the Advanced Order tab.
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Clash of Perps x @PerpsPadfun
$CLASH now has 80% of its @Pumpfun fees routed to @PhoenixTrade to back the token with $SOL longs.
64 days remaining in the @Lexur social trading competition.
50k for all trades routed through Phoenix.
Join the race on Lexur and experience social trading on @solana.
The race is officially on.
We’re now nearly two weeks into Season 1 and the $50,000 Phoenix Trading Competition.
The top trader currently sits atop the leaderboard with 51K points and $30.3K in eligible volume.
74 days left. The standings are far from settled.
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Launchpad innovation.
Powered by @PhoenixTrade.
Perpspad is a Solana launchpad where every coin is backed by a live leveraged perp position on @PhoenixTrade.
Pair it with a stock, RWA, etc., and back it with a perp.
You pick an underlying -> BTC, SOL, NVDA, gold, or oil, and the coin launches with a public perp treasury behind it.
The quote asset and the perp backing can be the same underlying, an NVDAx-quoted coin backed by a 3x NVDA long.
What you pay in and what backs it move together.
Trading fees are claimed on-chain and added into that perp as collateral, fed into buybacks and burns, and into liquidity.
Live today: 114 coins, 111 trading, 4 graduated. $20M cumulative volume, $5.68M raised, $56.5K in fees claimed on-chain, $53.9K spent on buybacks, $13.5K paid to creators.
All powered by @MeteoraAg
How does Meteora DBC power this?
Meteora's latest upgrade now allows bonding curves quoted in tokenized stocks.
Imagine a coin whose price is discovered in NVDAx or SPYx instead of SOL, the chart is priced in shares, and SOL volatility drops out of the launch.
Every coin launches on a Meteora DBC and graduates into a DAMM v2 pool at 85 SOL or denominated in the quote token.
Migration to DBC has been achieved, thanks to the Meteora Team for walking us through every process.
Perpify everything.
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Up 74% in the past 24 hours.
$STONK is moving on Phoenix.
Trade the market.
$QQQ and $SPY are now available to trade at up to 20x leverage on Phoenix.
Up or down.
Powered by @PhoenixTrade
Tap UP or DOWN to trade👆🏽
Real onchain orderbook on Solana!
Powered by @PhoenixTrade🧡
