kabir

spreads and depth already looking like this? rising

@a_milz @solana_devs @perps @ellipsis_labs @lorismatic @0xShitTrader @callum_codes monday ;)

@solana_devs wen @perps kit?

Share what you're working on 👇

you heard the man, @KyleSamani is cutting checks build on @PhoenixTrade rising

The key thing about @PhoenixTrade isn't whether fees are cheaper to trade. It's the engineering feat they're pulling off. Phoenix is a fully onchain orderbook DEX running on a general-purpose VM. That design lets it compose atomically with arbitrary smart contracts, which means DeFi can plug into it in a far more seamless way than @HyperliquidX's appchain + general VM sidecar model can. That composability is the whole point. Phoenix isn't just a venue, it's infrastructure the rest of Solana DeFi can build on directly. And that's exactly why it maps so cleanly onto the @solana thesis more broadly: one general-purpose chain where execution and composability live in the same place. On this BTC example, Phoenix already tracks Binance materially tighter than Drift, holding 76% of hourly observations within ±5 bps versus Drift's 57%, while also avoiding sharp dispersions that weighed on Drift's performance. Based on this analysis, Phoenix still carries a small positive basis, but the gap is much narrower and impressively close to app-specific venues like Hyperliquid and @pacifica_fi. That convergence is the signal to watch: if Phoenix's execution continues to tighten, it strengthens the case that Solana-native perps can approach the quality of more centralized or app-specific venues. And note that we are still early. This is before @anza_xyz's Alpenglow and MCP, and before @jito_sol's BAM perp plugins. I've always believed the chain that combines a general-purpose environment with application-specific execution quality will ultimately see runaway network effects. Phoenix is the player to watch on this thesis right now: if Solana can support high-quality native @perps, it becomes much easier to imagine the same architecture extending into other latency-sensitive markets, from prediction markets to more exotic onchain derivatives.

@magicdhz plugging

great time to plugin

another one very pumped for @clashofperps to launch on seeker! i'm going to get my base set up on my @solanamobile asap - ready to clash with other traders

me 🤝 phoenix perps

@johnrobertreed jobs just starting

Love the momentum. Need to keep the foot on the gas.

@kidseeghost_sol @Paystreamlabs @GetRektApp 👀

@ethtwit @Paystreamlabs @GetRektApp when equities

in the last 5 days we: - announced and launched 24/7 $WTIOIL, $SILVER, $GOLD commodities markets with over 1m of orderbook depth day 1 - listed four new token markets in $JUP, $VVV, $MET, $PUMP - announced 2 new integrations with @Paystreamlabs and @GetRektApp - shipped Flight Codes, making us the single source of on-chain @solana perpetuals liquidity and composability the team is heads down building, we are talking to hundreds of traders every day and making product improvements daily based on their feedback. big week, big month, big year. rising.

@regalloc @Paystreamlabs @GetRektApp gmoenix

@ethtwit @Paystreamlabs @GetRektApp gmoenix

@Grantblocmates @Paystreamlabs @GetRektApp lets go man, show me a big pnl card

@ethtwit @Paystreamlabs @GetRektApp Been using this past week it’s been excellent

@UsmanSaleem @aadotsol @orogoldapp chat soon :)

@aadotsol would be cool to build out a gold yield vault (which runs a strategy on a gold basis trade with XAU perp & @orogoldapp spot

i am looking for someone to hand over my money to for: * funding rate arb tools integrating phoenix * pair trading app integrating phoenix * basis trade products integrating phoenix * prediction market trading app integrating phoenix (might build this myself over a weekend) the list goes on!

@liamdig @GetRektApp @PhoenixTrade lets ride sir

can confirm! we originally built @GetRektApp on drift over the span of ~4 months took about a week to replace with @PhoenixTrade it’s still day☝️, but team is cookin 👨‍🍳

@aajxbt @PhoenixTrade they're saying jtx is for the trader you've become

@ethtwit @PhoenixTrade they're saying its by traders for traders

spoke with a market maker yesterday that said out of the 40-50 integrations they’d done that @PhoenixTrade was the easiest to implement the network effects of being so simple to plug into are going to be clear very soon rising

@minnus @PhoenixTrade rising

@MaksimXBT @PhoenixTrade they are withdrawable immediately as USDC from the builder wallet :)

@PhoenixTrade fees accrue as collateral doesn't specify what happens when they're paid out

Phoenix builder codes are live. Flight Codes let any trading app, terminal, bot, or agent route order flow to Phoenix and collect a fee on every trade.

@Grantblocmates not a bad idea at all @adityashetts thoughts on superteam hackathon here?

@ethtwit we should do a hackathon and document it

you heard the man, amrit is cutting checks

@magicdhz @bl8_runner @PhoenixTrade good bd

@ethtwit @bl8_runner @PhoenixTrade Did you say plugin?

@defido @PhoenixTrade brick by brick

@ethtwit @PhoenixTrade Get it!