Web3 News

Phoenix Perps: A Fully Onchain Derivatives Engine

Video

Perps are harder than spot. Every oracle update, margin change and risk calculation feeds the next, which demands real-time position and liquidity updates plus a risk engine that is not hidden off-chain. Most protocols solve that by centralizing the difficult parts, creating pools of logic users cannot verify.

Ellipsis Labs spent three years on those bottlenecks, and the original Phoenix orderbook processed more than $75 billion in spot volume along the way. Phoenix Perps extends that to derivatives, now spanning 80+ markets across crypto, equities and commodities.

Originally produced in January 2026. Some details may have changed since.

Website: https://phoenix.trade

Ellipsis Labs: https://www.ellipsislabs.xyz/

X: https://x.com/PhoenixTrade

Solana Ecosystem Roundup, August 2026: https://solana.com/news/solana-ecosystem-roundup-august-2026

Introducing Frontier Traders: https://solana.com/news/introducing-frontier-traders

Watch on YouTube ↗

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