Phoenix 🔥🦅
@PhoenixTrade
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Solana's fastest limit order book DEX. Join the community: https://t.co/D6PkKZo6Od
Joined July 2023
The early bird gets the worm…. 24 hours to join the Phoenix Discord.
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Phoenix is LIVE! 🔥🦅. Start trading on Solana’s fully on-chain limit orderbook today.
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🧵 We're thrilled to introduce Phoenix, a revolutionary limit order book DEX built on Solana. Here’s what you need to know. 👇
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A sneak peek of Phoenix’s orderbook. All book updates are fully on-chain. Only possible on Solana. 🔥🦅
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Phoenix is a top 10 spot DEX by volume across all chains. 🔥🦅. 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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Solana’s speed is off the charts. A fully on-chain orderbook wouldn’t be possible anywhere else. 🔥🦅
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Phoenix has arrived. 🔥🦅.
1/ Phoenix is the first limit order book DEX that is fully on-chain, non-custodial, atomically composable, and crankless. We’re excited to announce Phoenix’s beta launch, the open-sourcing of the Phoenix program, and Phoenix's bug bounty initiative. 🔥🦅
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Just 28 days later, Phoenix reaches one billion dollars in cumulative volume. 🔥🦅
Phoenix has soared past $500M in all-time trading volume!. We’re rising from the ashes. 🔥🦅
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Trade your favorite assets on Phoenix, Solana's fully on-chain orderbook DEX. $POPCAT is now available. 🔥🦅
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The moment we've been waiting for. Experience Phoenix, the future of on-chain trading. Live this Wednesday. 🔥🦅
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24 days later, Phoenix passes two billion dollars of all-time trading volume. We're rising from the ashes. 🔥🦅
Just 28 days later, Phoenix reaches one billion dollars in cumulative volume. 🔥🦅
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Integration update: Phoenix 🤝 @JupiterExchange . $150m of Jupiter's volume has been routed through Phoenix this month. 🔥🦅. With this integration, traders on Jupiter benefit from better prices.
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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. 🔥 🦅
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Phoenix has crossed five billion dollars of all-time trading volume. 🔥🦅
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Something big is dropping tomorrow. Make sure to follow along so you don’t miss out. 🔥🦅.
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All-time trading volume on Phoenix doubled in less than 50 days. Today marks $10 billion in volume! 🔥🦅
Phoenix has crossed five billion dollars of all-time trading volume. 🔥🦅
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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. 🔥🦅
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New UI feature! 🔥🦅. You can now download your full trade history from the Phoenix UI.
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See the contrast in gas fees across different chains?. Solana's low fees unlock potential that would otherwise be impossible—bringing next-gen DeFi experiences to users.
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Phoenix’s latest listing is coming in hot. 🔥🦅. Introducing JTO on Phoenix. Available to trade now.
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1/7 🧵Phoenix has been on the top of the SOL/USDC market for decentralized exchanges. But how do decentralized exchanges compare to centralized exchange markets?🤔
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Phoenix’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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Phoenix has soared past $500M in all-time trading volume!. We’re rising from the ashes. 🔥🦅
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Phoenix currently supports: .SOL/USDC.WETH/USDC.BONK/USDC.BONK/SOL.mSOL/SOL.jitoSOL/SOL. What other pairs do you trade?.Let us know 👇.
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A new listing has arrived. $PYTH is now available on Phoenix. 🔥🔮
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Phoenix has been live on Solana mainnet for over 8 months. With that said, let’s highlight some of the reasons Phoenix is built on Solana. 🔥.
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Phoenix brings the composability and trustlessness of a DEX with the capital efficiency of a CEX. 🔥🦅.
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Gear up market makers! 🔥🦅. @jito_sol is now providing weekly rewards in $JTO tokens for market makers on Phoenix’s JitoSOL/USDC market.
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Aphelion was the first market maker on Phoenix, helping provide liquidity for traders on Solana. 🔥🦅. Phoenix 🤝 @AphelionTrading.
Welcome to Aphelion Trading!. We’re an OG Solana-native market-making firm founded by Adam @realspacemonkey on a mission to accelerate decentralised trading and DeFi. The ethos of crypto is in our DNA.
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Fully on-chain orderbooks are uniquely enabled by high throughput. That’s why we’ve chosen @solana, the superior blockchain, to bring the speed you need for a great trading experience. 💥.
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We’re excited to announce that @DriftProtocol has integrated with Phoenix!. By routing trades through Phoenix, Drift users can now get better prices on trades. 🤝
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1/7 🧵 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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Security is Phoenix’s #1 priority. We’re excited to share that @madshield_xyz has completed a full security audit for Phoenix. View the report:
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Phoenix’s new and improved landing page is here! . Explore the future of decentralized trading. 🔥🦅
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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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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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Experience Phoenix in a new light. 🌙. Introducing Dark Mode! Available now.
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A new pair is live on Phoenix. SOL/USDT is available to trade now. 🔥🦅
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The mobile UI for Phoenix has landed.📱🦅. 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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🔒Security is a top priority for Phoenix. We’re thrilled to announce that Phoenix has been thoroughly audited by @osec_io , one of Solana’s leading security firms.🦅🔥
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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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New UI feature. 🔥🦅. A new global stats page showing data across all markets has been deployed.
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Interested in building on Phoenix? 🛠. 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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We’re thrilled to share our integration with @JupiterExchange, Solana's top aggregator!. 🚀 Thus far, Phoenix has brought major price improvements to Jupiter traders with $100M+ facilitated in volume.
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9/9 🔥🦅 That’s the power of Phoenix. Follow along for updates…and perhaps early access 🤫.
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The Phoenix stats page has landed! 🔥. See historical volume, top trades, and more. Check it out now:
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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 all—bringing users the familiarity of a CEX, with the trustlessness and auditability of a DEX. Coming soon 👀.
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Phoenix's source code is verified. With Verified Builds, you can confirm that the code we’ve made public matches the code deployed on-chain.🤝.
1/ We're excited to announce our new Verified Builds tool for Solana. A seal of authenticity for programs—enhancing security, trust, and transparency.
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What sets Phoenix apart, as a fully on-chain exchange?. 1⃣Transparency: Every transaction is permanently logged on-chain. 2⃣Public source code: Verified by auditors, and verifiable by anyone. 3⃣Composability: Liquidity is atomically accessible to all Solana applications.
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7% of volume on Solana has been routed through Phoenix this month. We’re just getting started…. 🔥 🦅.
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Something new is in development… What could it be?. (Hidden hints in the comments.).
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gm early birds!🔥🦅 . What would you like to see next—a mobile version of Phoenix, or a stats page?.
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Furthering our commitment to security, Phoenix is introducing a bug bounty program to leverage the talent of the security community. 🏆 Report a bug, earn up to $100,000.
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💥Phoenix has one-click confirmations for swaps and instant withdrawals after limit order execution. We’ve eliminated the friction for the smoothest on-chain trading experience.
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Please exercise caution when trading JUP as early liquidity may be poor.
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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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The journey from Phoenix's early UI to the sleek design we have today has been nothing short of extraordinary.
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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The hunt is still on! 🪲🐛. @Ellipsis_Labs is committed to keeping Phoenix safe. Spot a bug, report it, and earn up to $100,000.
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5/9 ⚡ 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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6/9 🌊 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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7/9 📖 Data Accessibility:.Phoenix logs all market events in a digestible format on-chain, for consumers to view and monitor activity. So it’s easy for teams like @ledger_top to index and analyze Phoenix’s on-chain activity.
🔥 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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3/9 🚀 Speed:.DeFi today can feel like dial-up internet—slow and unreliable. Phoenix harnesses Solana’s throughput and speed, delivering a seamless trading experience that's fully on-chain.
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4/9 🔗 Composability:.Phoenix is Solana's liquidity hub, designed for maximal interoperability. This means any Solana application can easily access Phoenix’s deep liquidity.
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Phoenix brings the efficiency of centralized trading with the openness, transparency, and composability of DeFi. 🔥🦅.
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8/9 🔍 Transparency.Trustlessness is crucial in DeFi. That’s why Phoenix’s source code is available and verifiable.
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2/9 🌐 DeFi promises an open and transparent financial system. But today it’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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First come is first served when trading on Phoenix.🧠. Q: What is “price-time ordering” and how does it make trading fair?. A: 👇
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With limit orders on Phoenix, you can set the price you're willing to buy or sell at. Control your strategy. Trade smarter. 🔥 🦅.
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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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1/5 What will the future of decentralized trading behold?. Let’s dive into a debate about off-chain versus on-chain trading. 👇.
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7/7 DEXs like Phoenix are rising from the ashes. 🔥🦅 . Try trading on to experience the future of crypto trading today!.
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7/7 Let’s rise above the old ways, leaving creaky cranks in the ashes.🔥. Experience the power. Exchange interface coming soon….
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5/7 Phoenix is revolutionizing DEX trading with extremely low fees and high speed. We’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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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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Phoenix is at Messari Mainnet. 🗽🔥. Find the team at Open Cafe this Thursday and Friday!.
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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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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2/7 Let’s take a quick look at centralized exchange (CEX) volume versus decentralized exchange (DEX) trade volume. 👇
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3️⃣Space 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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1️⃣Low 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.
See the contrast in gas fees across different chains?. Solana's low fees unlock potential that would otherwise be impossible—bringing next-gen DeFi experiences to users.
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Built for performance, Solana was the clear choice for Phoenix. Have you traded on Solana? Head to to get started today. 🔥🦅.
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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.📈.
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3/7 This year has brought all-time highs for DEX for spot trading volume. But why do centralized exchanges have more market share? 📊.
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Have you tried out our new public UI yet?. Join the conversation in Discord:
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5/7 While the "crank" system was essential for Solana's transaction settlement, we’ve crafted a new approach. Phoenix is introducing Solana’s first #crankless on-chain trading mechanism.
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2️⃣High speed. Phoenix’s orderbook requires efficiency and speed. Solana’s network can process thousands of transactions per second. Other chains lack the performance needed to support Phoenix’s daily transaction volume.
Solana’s speed is off the charts. A fully on-chain orderbook wouldn’t be possible anywhere else. 🔥🦅
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2/7 Transactions on Solana rely on a “crank” mechanism for trades to be processed. Here’s how it impacts your trading experience.👇.
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