EllipsisLabs Launches Phoenix Perpetuals, A New High Performance Solana-native Perps DEX
Source: https://x.com/solana/status/1999042755092520986
https://reddit.com/link/1pjtghu/video/edhf98yknj6g1/player
Source: https://x.com/ellipsis_labs/status/1999035250652115364
Today, we’re introducing Phoenix Perpetuals, an on-chain perpetuals exchange built on Solana.
This launch uses our learnings from over three years of building high-performance trading infrastructure on Solana, from Phoenix spot markets in 2023 to leading the Prop AMM revolution with @SolFiAMM.
We’ve brought down trading costs by over 80% on Solana’s spot markets, saving on-chain traders tens of millions of dollars.
Now we’re doing the same for perpetuals.
@PhoenixTrade delivers a professional trading experience with deep liquidity and tight spreads for perpetuals trading.
Read about how we’re delivering reliable execution for traders:
https://www.ellipsislabs.xyz/blog-posts/introducing-phoenix-perpetuals
Phoenix is fully on-chain, including the risk and matching engine, so anyone can build on top of the program.
Developer docs are coming soon. If you’re interested in building on top of Phoenix in the meantime, reach out to us via DM.
The perpetuals experience Solana users deserve is here.
Phoenix is live today in private beta.
Join the waitlist today.🐦🔥
https://www.phoenix.trade/waitlist
Posted Dec 11, 2025, 9:35 AM UTC