Ask about Phoenix · freeTotal Value Locked$25.07m
TVL by Chain
Solana$25.07m
Key Metrics
Fees 30d$286,605
Fees 30d by chain
Solana$286,605
Fees 7d$58,406
Solana$58,406
Fees 24h$15,978
Solana$15,978
Cumulative Fees$15.66m
Solana$15.66m
Revenue 30d$130.50
Revenue 30d by chain
Solana$130.50
Revenue 7d$55.55
Solana$55.55
Revenue 24h$12
Solana$12
Cumulative Revenue$14.55m
Solana$14.55m
DEX Volume 30d$1.25m
DEX Volume 30d by chain
Solana$1.25m
DEX Volume 7d$431,449
Solana$431,449
DEX Volume 24h$62,768
Solana$62,768
Cumulative DEX Volume$75.16b
Solana$75.16b
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$26.47m
Total Raised$44.3m
Aug 17, 2023$3.3mRound: SeedInvestors: Electric Capital, Robot Ventures, Anatoly Yakovenko, Anagram, Keone
Apr 4, 2024$20mRound: Series AInvestors: Paradigm, Electric Capital, Anatoly Yakovenko, Justin Drake, Mike Neuder, Sreeram Kannan, Ansem, 0xMert, Uri Klarman, Cobie, Doug Colkitt
Oct 31, 2024$21mRound: Investors: Haun Ventures
Protocol Information
Phoenix is a decentralized limit order book on Solana that is fully on-chain, non-custodial, and crankless.
- Phoenix PerpDerivatives
- Phoenix SpotDexs
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
User Activity
Active Addresses (24h)25
Transactions (24h)44
Phoenix history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 28, 2023 to Oct 28, 2026.
All-time high TVL: $25.09m on Oct 22, 2026. All-time low TVL: $70,008 on Aug 16, 2023.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $1.07m |
| Sep 30, 2026 | $1.07m |
| Oct 1, 2026 | $1.07m |
| Oct 2, 2026 | $1.07m |
| Oct 3, 2026 | $1.07m |
| Oct 4, 2026 | $1.08m |
| Oct 5, 2026 | $1.09m |
| Oct 6, 2026 | $1.08m |
| Oct 7, 2026 | $24.03m |
| Oct 8, 2026 | $23.88m |
| Oct 9, 2026 | $24.44m |
| Oct 10, 2026 | $24.56m |
| Oct 11, 2026 | $24.55m |
| Oct 12, 2026 | $24.67m |
| Oct 13, 2026 | $24.52m |
| Oct 14, 2026 | $24.75m |
| Oct 15, 2026 | $24.76m |
| Oct 16, 2026 | $24.79m |
| Oct 17, 2026 | $24.8m |
| Oct 18, 2026 | $24.71m |
| Oct 19, 2026 | $24.73m |
| Oct 20, 2026 | $24.6m |
| Oct 21, 2026 | $24.64m |
| Oct 22, 2026 | $25.09m |
| Oct 23, 2026 | $24.92m |
| Oct 24, 2026 | $24.75m |
| Oct 25, 2026 | $24.9m |
| Oct 26, 2026 | $24.79m |
| Oct 27, 2026 | $24.98m |
| Oct 28, 2026 | $24.98m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $15.16m |
| Dec 31, 2024 | $13.32m |
| Jan 31, 2025 | $12.85m |
| Feb 28, 2025 | $8.01m |
| Mar 31, 2025 | $8.83m |
| Apr 30, 2025 | $9.35m |
| May 31, 2025 | $8m |
| Jun 30, 2025 | $9.13m |
| Jul 31, 2025 | $8.81m |
| Aug 31, 2025 | $8.37m |
| Sep 30, 2025 | $7.17m |
| Oct 31, 2025 | $5.33m |
| Nov 30, 2025 | $4.68m |
| Dec 31, 2025 | $3.21m |
| Jan 31, 2026 | $2.74m |
| Feb 28, 2026 | $2.31m |
| Mar 31, 2026 | $2.18m |
| Apr 30, 2026 | $1.91m |
| May 31, 2026 | $1.16m |
| Jun 30, 2026 | $1.05m |
| Jul 31, 2026 | $923,484 |
| Aug 31, 2026 | $1.05m |
| Sep 30, 2026 | $1.07m |
| Oct 28, 2026 (latest) | $24.98m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $3.29m |
| Dec 31, 2024 | $13.32m |
| Dec 31, 2025 | $3.21m |
Fees and revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2024 | $1.13m | $1.13m |
| Dec 2024 | $890,361 | $890,361 |
| Jan 2025 | $599,966 | $599,966 |
| Feb 2025 | $335,276 | $335,276 |
| Mar 2025 | $183,127 | $183,127 |
| Apr 2025 | $182,025 | $182,025 |
| May 2025 | $150,087 | $150,087 |
| Jun 2025 | $85,641 | $85,641 |
| Jul 2025 | $109,023 | $109,023 |
| Aug 2025 | $57,880 | $57,880 |
| Sep 2025 | $58,735 | $58,735 |
| Oct 2025 | $58,734 | $58,734 |
| Nov 2025 | $53,255 | $53,255 |
| Dec 2025 | $33,150 | $33,150 |
| Jan 2026 | $33,129 | $33,129 |
| Feb 2026 | $24,836 | $24,130 |
| Mar 2026 | $16,876 | $11,345 |
| Apr 2026 | $24,658 | $7,931 |
| May 2026 | $72,857 | $5,079 |
| Jun 2026 | $119,573 | $1,952 |
| Jul 2026 | $81,548 | $988.82 |
| Aug 2026 | $316,374 | $251.01 |
| Sep 2026 | $270,977 | $49.59 |
| Oct 2026 (to date) | $240,162 | $128.92 |
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
Frequently asked questions
What is Phoenix's TVL?
As of Oct 28, 2026, Phoenix has $25.07m in total value locked. TVL has increased 2,209.5% over the past 30 days.
What chains does Phoenix operate on?
Phoenix operates on Solana. Solana holds the largest share at 100%.
How much has Phoenix generated in fees and revenue?
Over the past 30 days, Phoenix generated $286,605 in fees. Of that, $130.50 was protocol revenue. Based on the trailing year, the annualized rate is $1.29m in fees and $178,477 in revenue.
Which protocols are included in Phoenix?
Phoenix is a parent protocol whose tracked products include Phoenix Perp and Phoenix Spot.
How much trading volume does Phoenix process?
Phoenix processed $1.25m in DEX volume over the past 30 days.