Total Value Locked$24.01m
TVL by Chain
Solana$24.01m
Key Metrics
Fees 30d$300,184
Fees 30d by chain
Solana$300,184
Fees 7d$58,546
Solana$58,546
Fees 24h$9,406
Solana$9,406
Cumulative Fees$1.06m
Solana$1.06m
Perp Volume 30d$1.241b
Perp Volume 30d by chain
Solana$1.241b
Perp Volume 7d$264.67m
Solana$264.67m
Perp Volume 24h$42.83m
Solana$42.83m
Cumulative Perp Volume$4.274b
Solana$4.274b
Open Interest$27.12m
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 21, 2026.
All-time high TVL: $23.77m on Oct 16, 2026. All-time low TVL: $22.82m on Oct 8, 2026.
Daily TVL, Oct 7, 2026 to Oct 21, 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 |
TVL at each month end, Oct 2026 to Oct 2026
| Date | TVL |
|---|---|
| Oct 21, 2026 (latest) | $23.52m |
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 21, 2026, Phoenix Perp has $24.01m 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 $300,184 in fees. Based on the trailing year, the annualized rate is $1.58m in fees.
How does Phoenix Perp's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Phoenix Perp ranks #15 by TVL. The category holds $2.054b across 424 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 $1.241b in perpetual futures volume over the past 30 days.