Total Value Locked$22.79m
TVL by Chain
Solana$22.79m
Key Metrics
Fees 30d$244,699
Fees 30d by chain
Solana$244,699
Fees 7d$46,430
Solana$46,430
Fees 24h$7,968
Solana$7,968
Cumulative Fees$1.22m
Solana$1.22m
Perp Volume 30d$1.155b
Perp Volume 30d by chain
Solana$1.155b
Perp Volume 7d$245m
Solana$245m
Perp Volume 24h$31.69m
Solana$31.69m
Cumulative Perp Volume$5.088b
Solana$5.088b
Open Interest$16.57m
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 GitHubPhoenix Perp history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 7, 2026 to Nov 11, 2026.
All-time high TVL: $24.17m on Oct 29, 2026. All-time low TVL: $22.75m on Nov 11, 2026.
Daily TVL, Oct 13, 2026 to Nov 11, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 29, 2026 | $24.17m |
| Oct 30, 2026 | $23.98m |
| Oct 31, 2026 | $23.31m |
| Nov 1, 2026 | $23.21m |
| Nov 2, 2026 | $23.17m |
| Nov 3, 2026 | $23.61m |
| Nov 4, 2026 | $23.52m |
| Nov 5, 2026 | $23.44m |
| Nov 6, 2026 | $23.26m |
| Nov 7, 2026 | $23.18m |
| Nov 8, 2026 | $23.3m |
| Nov 9, 2026 | $23.18m |
| Nov 10, 2026 | $23.16m |
| Nov 11, 2026 | $22.75m |
TVL at each month end, Oct 2026 to Nov 2026
| Date | TVL |
|---|---|
| Oct 31, 2026 | $23.31m |
| Nov 11, 2026 (latest) | $22.75m |
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 Nov 11, 2026, Phoenix Perp has $22.79m in total value locked. TVL has decreased 3.5% over the past 30 days.
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 $244,699 in fees. Based on the trailing year, the annualized rate is $1.69m 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 $1.794b across 422 protocols, and Phoenix Perp accounts for 1.3% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX Solana, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, Drift Trade, Lavarage, Wasabi Perps, and TRUE DEX.
How much perpetual futures volume does Phoenix Perp process?
Phoenix Perp processed $1.155b in perpetual futures volume over the past 30 days.