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Phoenix ๐Ÿ”ฅ๐Ÿฆ… Profile
Phoenix ๐Ÿ”ฅ๐Ÿฆ…

@PhoenixTrade

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Solana's fastest limit order book DEX. Join the community:

Joined July 2023
Don't wanna be here? Send us removal request.
@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
The early bird gets the wormโ€ฆ 24 hours to join the Phoenix Discord.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Phoenix is LIVE! ๐Ÿ”ฅ๐Ÿฆ… Start trading on Solanaโ€™s fully on-chain limit orderbook today.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
๐Ÿงต We're thrilled to introduce Phoenix, a revolutionary limit order book DEX built on Solana. Hereโ€™s what you need to know. ๐Ÿ‘‡
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
1 month
$W is here, now available to trade on Phoenix.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
A sneak peek of Phoenixโ€™s orderbook. All book updates are fully on-chain. Only possible on Solana. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Hereโ€™s a sneak peek of Phoenixโ€™s UI. Coming soon ๐Ÿ‘€
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Solanaโ€™s speed is off the charts. A fully on-chain orderbook wouldnโ€™t be possible anywhere else. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
11 months
Phoenix has arrived. ๐Ÿ”ฅ๐Ÿฆ…
@ellipsis_labs
Ellipsis Labs
1 year
1/ Phoenix is the first limit order book DEX that is fully on-chain, non-custodial, atomically composable, and crankless. Weโ€™re excited to announce Phoenixโ€™s beta launch, the open-sourcing of the Phoenix program, and Phoenix's bug bounty initiative. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
2 months
Phoenix is a top 10 spot DEX by volume across all chains. ๐Ÿ”ฅ๐Ÿฆ… Phoenix often reaches $100M+ daily volume with less than $6M TVL since active market makers can operate more efficiently. The fully on-chain orderbook model unlocks a new level of capital efficiency.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
5 months
Phoenix is the DEX of the future. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
Just 28 days later, Phoenix reaches one billion dollars in cumulative volume. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
7 months
Phoenix has soared past $500M in all-time trading volume! Weโ€™re rising from the ashes. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
The moment we've been waiting for... Experience Phoenix, the future of on-chain trading. Live this Wednesday. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
5 months
24 days later, Phoenix passes two billion dollars of all-time trading volume. We're rising from the ashes. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
Just 28 days later, Phoenix reaches one billion dollars in cumulative volume. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
Integration update: Phoenix ๐Ÿค @JupiterExchange $150m of Jupiter's volume has been routed through Phoenix this month. ๐Ÿ”ฅ๐Ÿฆ… With this integration, traders on Jupiter benefit from better prices.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
SOL/USDC is Solana's most popular market. The Phoenix SOL/USDC market has soared to the top, doing the most volume in the past 24 hours. ๐Ÿ”ฅ ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Something big is dropping tomorrow. Make sure to follow along so you donโ€™t miss out. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
4 months
Phoenix has crossed five billion dollars of all-time trading volume. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
All members with an Early Bird role have been whitelisted for early access to the Phoenix UI! Be one of the first to trade on Phoenix. Details in Discord. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
See the contrast in gas fees across different chains? Solana's low fees unlock potential that would otherwise be impossibleโ€”bringing next-gen DeFi experiences to users.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
4 months
The dog has a hat. $WIF is now available on Phoenix. ๐Ÿ”ฅ๐Ÿฆ…๐Ÿ•
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
2 months
All-time trading volume on Phoenix doubled in less than 50 days. Today marks $10 billion in volume! ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
4 months
Phoenix has crossed five billion dollars of all-time trading volume. ๐Ÿ”ฅ๐Ÿฆ…
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
1/7 ๐ŸงตPhoenix has been on the top of the SOL/USDC market for decentralized exchanges. But how do decentralized exchanges compare to centralized exchange markets?๐Ÿค”
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
5 months
Phoenixโ€™s latest listing is coming in hot. ๐Ÿ”ฅ๐Ÿฆ… Introducing JTO on Phoenix. Available to trade now.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Phoenixโ€™s fully on-chain orderbook can process up to 1,000 transactions per second on every market. The future of trading is here. Trade on-chain with Phoenix today.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
7 months
Phoenix has soared past $500M in all-time trading volume! Weโ€™re rising from the ashes. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Phoenix currently supports: SOL/USDC WETH/USDC BONK/USDC BONK/SOL mSOL/SOL jitoSOL/SOL What other pairs do you trade? Let us know ๐Ÿ‘‡
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
2 months
New UI feature! ๐Ÿ”ฅ๐Ÿฆ… You can now download your full trade history from the Phoenix UI.
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Phoenix is celebrating 30,000 users today! ๐Ÿ”ฅ
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
A new listing has arrived. $PYTH is now available on Phoenix. ๐Ÿ”ฅ๐Ÿ”ฎ
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
Phoenix has been live on Solana mainnet for over 8 months. With that said, letโ€™s highlight some of the reasons Phoenix is built on Solana. ๐Ÿ”ฅ
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
3 months
Phoenix brings the composability and trustlessness of a DEX with the capital efficiency of a CEX. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
3 months
JUP is here! Now live on Phoenix. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Over $250M in volume has been routed through Phoenix. ๐Ÿ”ฅ ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Fully on-chain orderbooks are uniquely enabled by high throughput. Thatโ€™s why weโ€™ve chosen @solana , the superior blockchain, to bring the speed you need for a great trading experience. ๐Ÿ’ฅ
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
1/7 ๐Ÿงต Have you heard about the "crank" in Solana's ecosystem? Let's dive into what this means and the issues it causes.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Weโ€™re excited to announce that @DriftProtocol has integrated with Phoenix! By routing trades through Phoenix, Drift users can now get better prices on trades. ๐Ÿค
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
Security is Phoenixโ€™s #1 priority. Weโ€™re excited to share that @madshield_xyz has completed a full security audit for Phoenix. View the report:
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Yes yes yes slurp mmm yummy Order flow sooo good yes yes Crunch crunch mmm Phoenix so good Yummy yummy limit order slay mmmm yum Yes yes yes arbitrage yummm
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
3 months
Gear up market makers! ๐Ÿ”ฅ๐Ÿฆ… @jito_sol is now providing weekly rewards in $JTO tokens for market makers on Phoenixโ€™s JitoSOL/USDC market.
@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
3 months
Maker rewards have landed, courtesy of @jito_sol . ๐Ÿ”ฅ๐Ÿฆ… 2,500 $JTO will be distributed weekly to active market makers on Phoenixโ€™s JitoSOL/USDC market. @Jito_sol will distribute the rewards proportionally by maker volume over the next 4 weeks.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
Phoenixโ€™s new and improved landing page is here! Explore the future of decentralized trading. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Experience Phoenix in a new light. ๐ŸŒ™ Introducing Dark Mode! Available now.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Tired of waiting for trade settlements? For the first time ever on Solana, experience the speed and efficiency of crankless trade execution with Phoenix. Coming soon to the public.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
3 months
Maker rewards have landed, courtesy of @jito_sol . ๐Ÿ”ฅ๐Ÿฆ… 2,500 $JTO will be distributed weekly to active market makers on Phoenixโ€™s JitoSOL/USDC market. @Jito_sol will distribute the rewards proportionally by maker volume over the next 4 weeks.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
๐Ÿ”’Security is a top priority for Phoenix. Weโ€™re thrilled to announce that Phoenix has been thoroughly audited by @osec_io , one of Solanaโ€™s leading security firms.๐Ÿฆ…๐Ÿ”ฅ
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
7 months
Trade on Phoenix, the fastest fully on-chain DEX. Your trades are confirmed in less than a second. Experience the future of DeFi today.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
7 months
The mobile UI for Phoenix has landed.๐Ÿ“ฑ๐Ÿฆ… You can now trade on Phoenix from your phone. Experience the power of performant, decentralized trading on the go with Phoenix.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
PHOENIX 2023 WRAPPEDยฎ๏ธ is here. How's that for a list?
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
4 months
A new pair is live on Phoenix. SOL/USDT is available to trade now. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Happy #4thofJuly !๐Ÿ”ฅ Today, weโ€™re celebrating our independence from centralized finance.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Interested in building on Phoenix? ๐Ÿ›  Enter the OPOS Hackathon and earn your share of the 8000 USDC in prizes available. Join @jarxiao , co-founder of @ellipsis_labs , tomorrow in the Phoenix Discord at 9PM EDT to learn more.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
9/9 ๐Ÿ”ฅ๐Ÿฆ… Thatโ€™s the power of Phoenix. Follow along for updatesโ€ฆand perhaps early access ๐Ÿคซ
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Weโ€™re thrilled to share our integration with @JupiterExchange , Solana's top aggregator! ๐Ÿš€ Thus far, Phoenix has brought major price improvements to Jupiter traders with $100M+ facilitated in volume.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
5 months
New UI feature. ๐Ÿ”ฅ๐Ÿฆ… A new global stats page showing data across all markets has been deployed.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
The Phoenix stats page has landed! ๐Ÿ”ฅ See historical volume, top trades, and more. Check it out now:
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Right now, Phoenix is live on mainnet for developers to interact with. Our team is hard at work creating a UI to expand access for allโ€”bringing users the familiarity of a CEX, with the trustlessness and auditability of a DEX. Coming soon ๐Ÿ‘€
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Phoenix's source code is verified. With Verified Builds, you can confirm that the code weโ€™ve made public matches the code deployed on-chain.๐Ÿค
@ellipsis_labs
Ellipsis Labs
10 months
1/ We're excited to announce our new Verified Builds tool for Solana. A seal of authenticity for programsโ€”enhancing security, trust, and transparency.
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
What sets Phoenix apart, as a fully on-chain exchange? 1โƒฃTransparency: Every transaction is permanently logged on-chain. 2โƒฃPublic source code: Verified by auditors, and verifiable by anyone. 3โƒฃComposability: Liquidity is atomically accessible to all Solana applications.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Something new is in developmentโ€ฆ What could it be? (Hidden hints in the comments.)
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
7% of volume on Solana has been routed through Phoenix this month. Weโ€™re just getting startedโ€ฆ ๐Ÿ”ฅ ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
gm early birds!๐Ÿ”ฅ๐Ÿฆ… What would you like to see nextโ€”a mobile version of Phoenix, or a stats page?
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
Furthering our commitment to security, Phoenix is introducing a bug bounty program to leverage the talent of the security community. ๐Ÿ†ย Report a bug, earn up to $100,000.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
๐Ÿ’ฅPhoenix has one-click confirmations for swaps and instant withdrawals after limit order execution. Weโ€™ve eliminated the friction for the smoothest on-chain trading experience.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
4 months
Phoenix brings users the power of instant settlement. When your limit order is filled, funds are immediately available to withdraw or trade again.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
7 months
Designed for easy trading.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
The journey from Phoenix's early UI to the sleek design we have today has been nothing short of extraordinary.
@jarxiao
Jarry Xiao ๐Ÿ”ฅ๐Ÿฆ…
10 months
This is what an early version of the Phoenix UI looked like. Needless to say, we've come a long way since then.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
3 months
Please exercise caution when trading JUP as early liquidity may be poor.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
5/9 โšก Instant Settlement: Older limit order book designs on Solana required a "crank" to settle trades, locking funds and delaying settlements. Phoenix uses a crankless mechanism, so that trades settle atomically and instantly.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
The hunt is still on! ๐Ÿชฒ๐Ÿ› @Ellipsis_Labs is committed to keeping Phoenix safe. Spot a bug, report it, and earn up to $100,000.
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
6/9 ๐ŸŒŠ Sustainable Liquidity: Phoenix empowers professional market makers to add liquidity precisely where they want to. This enables market makers to provide deep liquidity, reducing slippage for trades, without relying on unsustainable incentives.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
3/9 ๐Ÿš€ Speed: DeFi today can feel like dial-up internetโ€”slow and unreliable. Phoenix harnesses Solanaโ€™s throughput and speed, delivering a seamless trading experience that's fully on-chain.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
7/9 ๐Ÿ“– Data Accessibility: Phoenix logs all market events in a digestible format on-chain, for consumers to view and monitor activity. So itโ€™s easy for teams like @ledger_top to index and analyze Phoenixโ€™s on-chain activity.
@ledger_top
Top Ledger
1 year
๐Ÿ”ฅ Ignite your #DeFi journey with Phoenix, an innovative project by @ellipsis_labs ! As a trailblazer in fully on-chain, non-custodial, and atomically composable limit order book DEXs on @solana , Phoenix has astoundingly processed over 7.3M transactions, boasting a total volume
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
4/9 ๐Ÿ”— Composability: Phoenix is Solana's liquidity hub, designed for maximal interoperability. This means any Solana application can easily access Phoenixโ€™s deep liquidity.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
2/9 ๐ŸŒ DeFi promises an open and transparent financial system. But today itโ€™s just not competitive with traditional finance. Phoenix brings the efficiency of centralized trading with the openness, transparency, and composability of DeFi.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Phoenix brings the efficiency of centralized trading with the openness, transparency, and composability of DeFi. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
8/9 ๐Ÿ”ย Transparency Trustlessness is crucial in DeFi. Thatโ€™s why Phoenixโ€™s source code is available and verifiable.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
First come is first served when trading on Phoenix.๐Ÿง  Q: What is โ€œprice-time orderingโ€ and how does it make trading fair? A: ๐Ÿ‘‡
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Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
With limit orders on Phoenix, you can set the price you're willing to buy or sell at. Control your strategy. Trade smarter. ๐Ÿ”ฅ ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
1/5 What will the future of decentralized trading behold? Letโ€™s dive into a debate about off-chain versus on-chain trading. ๐Ÿ‘‡
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Traders, what do you prefer?
๐Ÿ”ฅ Light mode
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๐Ÿฆ… Dark mode
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
5/7 Phoenix is revolutionizing DEX trading with extremely low fees and high speed. Weโ€™ve chosen to build on Solana to support this. Solana's fast block time and low transaction cost enable users to have an experience similar to a CEX, but fully decentralized.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
7/7 DEXs like Phoenix are rising from the ashes. ๐Ÿ”ฅ๐Ÿฆ… Try trading on to experience the future of crypto trading today!
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
7/7 Letโ€™s rise above the old ways, leaving creaky cranks in the ashes.๐Ÿ”ฅ Experience the power. Exchange interface coming soonโ€ฆ
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
3 months
To earn your share of rewards, get started market making with the Phoenix SDK. The program begins at 12am UTC on Thursday, Feb 22nd.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
6/7 We've designed a system where trades settle atomically, without relying on someone else to pull the crank. This means funds are immediately available post-trade, improving speed, flexibility, and overall user experience.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Phoenix is at Messari Mainnet. ๐Ÿ—ฝ๐Ÿ”ฅ Find the team at Open Cafe this Thursday and Friday!
@ellipsis_labs
Ellipsis Labs
8 months
In town for Messari Mainnet? Come meet the Ellipsis Labs team this week in NYC for an event hosted with @ElectricCapital & others. RSVP below!
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
What frustrates you the most about on-chain trading?
Low liquidity
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See results
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
2/7 Letโ€™s take a quick look at centralized exchange (CEX) volume versus decentralized exchange (DEX) trade volume. ๐Ÿ‘‡
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
4/7 CEXs (like Binance or Coinbase) have been the go-to places for crypto trading, mainly due to their speed, low latency, and how easy it is for new users to get started. High fees and slow speeds can discourage active trading on DEXs.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
3/7 This year has brought all-time highs for DEX for spot trading volume. But why do centralized exchanges have more market share? ๐Ÿ“Š
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
6/7 New technology and protocols are making DEXs faster, more efficient, and more appealing for traders. This is likely why we have seen more volume on DEXs this year than ever in history.๐Ÿ“ˆ
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
Built for performance, Solana was the clear choice for Phoenix. Have you traded on Solana? Head to to get started today. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
Have you tried out our new public UI yet? Join the conversation in Discord:
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
1๏ธโƒฃLow fees Solana has extremely low fees, primarily due to decreased block times and larger block sizes. This allows Phoenix to match and execute all orders on-chain.
@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
See the contrast in gas fees across different chains? Solana's low fees unlock potential that would otherwise be impossibleโ€”bringing next-gen DeFi experiences to users.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
3๏ธโƒฃSpace for innovation The developers behind Phoenix are constantly pushing the boundaries of what is possible on Solana. Phoenix is the first orderbook DEX to bring instant withdrawals to users on Solana, making it even easier to trade and move your assets.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
5/7 While the "crank" system was essential for Solana's transaction settlement, weโ€™ve crafted a new approach. Phoenix is introducing Solanaโ€™s first #crankless on-chain trading mechanism.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
6 months
2๏ธโƒฃHigh speed Phoenixโ€™s orderbook requires efficiency and speed. Solanaโ€™s network can process thousands of transactions per second. Other chains lack the performance needed to support Phoenixโ€™s daily transaction volume.
@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
Solanaโ€™s speed is off the charts. A fully on-chain orderbook wouldnโ€™t be possible anywhere else. ๐Ÿ”ฅ๐Ÿฆ…
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
9 months
The people have spoken.
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
8 months
๐Ÿ”—Phoenixโ€™s Bug Bounty program:
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@PhoenixTrade
Phoenix ๐Ÿ”ฅ๐Ÿฆ…
10 months
2/7 Transactions on Solana rely on a โ€œcrankโ€ mechanism for trades to be processed. Hereโ€™s how it impacts your trading experience.๐Ÿ‘‡
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