Binary
2.5K posts

Binary
@0xBinary___
I am on-chain building , memecoin trader



everyone on CT is talking about @PhoenixTrade 👀






pretty crazy if true tl:dr - hackers casually gained trust via irl conference meet, setup tg channel and became a customer, started building integrations over 6 months and then got one person with a testflight link to show off what they built

Solana foundation cracks me up. Pushing a $1.4 mil total open interest Solana perps platform(that they're invested in) like crack addicts after a $300 million Drift Solana hack. They also don't truly realize all of the real traders have left for HL or have zero'd out their accounts on Solana trading dogshit scams. All that's left are farmers. If they had focused on this 3 years ago I would have very much supported it, but they were distracted with whatever was hot at the time. The funniest part being NFTs were the biggest use case for the chain and they didn't support that either until it was late in the game. Then they supported stuff like Drip lol(you know why). How are compressed NFTs doing? Now, they believe they will solve technical problems and traders will come rushing back to Solana. I am positive this is how they're thinking. The root of this problem is that none of them actually trade, the same way none of them were in the trenches and why PUMP(a non Solana native team) came in and demolished all the Solana teams. Solana is the best chain UX wise, but man oh man what a clusterfuck of underdelivering with a winning hand.





Phoenix is one of the most interesting Solana-native DeFi primitives right now a fully on-chain, non-custodial exchange built for ultra-fast perpetual futures trading and orderbook execution. Unlike most DEXs that rely on off-chain matching or asynchronous settlement, Phoenix leverages Solana’s speed to deliver near-instant settlement directly on-chain with a crankless CLOB architecture. For traders, that means CEX-like UX with DeFi transparency: low latency, low fees, deep composability, and self-custody. For builders, Phoenix exposes robust SDKs and APIs across Rust, TypeScript, and Python, making it easy to integrate liquidity, trading infra, bots, analytics, and market-making strategies directly into the @Solana ecosystem. The protocol is positioning itself as a next-gen liquidity layer for Solana DeFi, especially for perp trading and advanced orderflow - combining the performance of centralized exchanges with the permissionless nature of on-chain finance. Will @PhoenixTrade claim THE peprs on solana?! 😎


24/7 commodities are live on Phoenix. Crude oil and gold — fully on-chain, open every hour of every day.


24/7 commodities are live on Phoenix. Crude oil and gold — fully on-chain, open every hour of every day.







