Total Value Locked$24.11m
TVL by Chain
Solana$24.11m
Key Metrics
Fees 30d$286,475
Fees 30d by chain
Solana$286,475
Fees 7d$58,350
Solana$58,350
Fees 24h$15,966
Solana$15,966
Cumulative Fees$1.12m
Solana$1.12m
Perp Volume 30d$1.226b
Perp Volume 30d by chain
Solana$1.226b
Perp Volume 7d$288.69m
Solana$288.69m
Perp Volume 24h$68.69m
Solana$68.69m
Cumulative Perp Volume$4.563b
Solana$4.563b
Open Interest$26.51m
Protocol Information
Phoenix Perp is a decentralized perpetual futures market on Solana that is fully on-chain, non-custodial, and crankless.
Methodology
TVL: TVL is trader funds on Phoenix perps: USDC held in the Ember vault that backs all deposits, plus native SOL held on trader accounts (rent excluded).View code on GitHubFees: Trading fees paid by users on perpetual positions.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Phoenix Perp history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 7, 2026 to Oct 28, 2026.
All-time high TVL: $23.98m on Oct 22, 2026. All-time low TVL: $22.82m on Oct 8, 2026.
Daily TVL, Oct 7, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $22.95m |
| Oct 8, 2026 | $22.82m |
| Oct 9, 2026 | $23.4m |
| Oct 10, 2026 | $23.53m |
| Oct 11, 2026 | $23.51m |
| Oct 12, 2026 | $23.62m |
| Oct 13, 2026 | $23.46m |
| Oct 14, 2026 | $23.67m |
| Oct 15, 2026 | $23.69m |
| Oct 16, 2026 | $23.77m |
| Oct 17, 2026 | $23.76m |
| Oct 18, 2026 | $23.7m |
| Oct 19, 2026 | $23.67m |
| Oct 20, 2026 | $23.47m |
| Oct 21, 2026 | $23.52m |
| Oct 22, 2026 | $23.98m |
| Oct 23, 2026 | $23.82m |
| Oct 24, 2026 | $23.74m |
| Oct 25, 2026 | $23.9m |
| Oct 26, 2026 | $23.74m |
| Oct 27, 2026 | $23.93m |
| Oct 28, 2026 | $23.98m |
TVL at each month end, Oct 2026 to Oct 2026
| Date | TVL |
|---|---|
| Oct 28, 2026 (latest) | $23.98m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/phoenix-perp
Frequently asked questions
What is Phoenix Perp's TVL?
As of Oct 28, 2026, Phoenix Perp has $24.11m in total value locked.
What chains does Phoenix Perp operate on?
Phoenix Perp operates on Solana. Solana holds the largest share at 100%.
How much has Phoenix Perp generated in fees?
Over the past 30 days, Phoenix Perp generated $286,475 in fees. Based on the trailing year, the annualized rate is $1.62m in fees.
How does Phoenix Perp's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Phoenix Perp ranks #14 by TVL. The category holds $1.964b across 427 protocols, and Phoenix Perp accounts for 1.2% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX Solana, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Drift Trade, Lavarage, and Wasabi Perps.
How much perpetual futures volume does Phoenix Perp process?
Phoenix Perp processed $1.226b in perpetual futures volume over the past 30 days.