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PPhoenix
A fully on-chain, crank-less spot order book on Solana — the post-Serum standard for spot CLOB.
Spot / orderbook infraSolana spot orderbookSolanaSince 2023
- Type
- Solana spot orderbook
- How it works
- Phoenix is a fully on-chain, atomic-settlement spot limit order book on Solana that needs no off-chain crank, offering CEX-like spot trading with on-chain transparency.
- Chain
- Solana
- Scale*
- Solana spot
- Best for
- On-chain spot order books on Solana
- Highlight
- Post-Serum spot standard
* Volume/TVL is a dated snapshot (DefiLlama + venue reports, 2026), not live.
Strengths
- Fully on-chain spot order book
- No off-chain crank (atomic settlement)
- Composable Solana liquidity
- Maker-friendly design
Trade-offs & risk
- Spot only (no perps)
- Solana-only
- Smaller than perp venues
Open Phoenix →
Listed for comparison as of June 2026 — not an endorsement. Perps are high-risk leveraged products; DYOR. Not financial advice.
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