The fastest on-chain
orderbook in DeFi

Meet the new standard for trading in DeFi. Place limit orders with unparalleled speed, efficiency, and transparency.

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Low Cost

The future of DeFi is fast, cheap, and efficient.

Supercharge your trading experience on a high-performance network with ultra-low fees.

Protocol fees as low as

0.01%

Per trade

Network fees

$0.0002

Per transaction

Average block time

0.5 sec

Only on Solana

Speed

The fastest on-chain orderbook, now on Solana.

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Faster Trades

Trades are confirmed on-chain within 0.5 seconds on Phoenix. Place orders without waiting.

Instant settlement

With Phoenix's crankless design, funds are immediately available for withdrawal once orders are filled.

Transparency

A fully on-chain DEX with transparency at its core.

Non-custodial

Maintain total control of your assets. Your private keys remain private.

Trustless

Genuine peer-to-peer trades. Full autonomy and control—no middleman involved.

Verified code

Decentralized, through and through. Open-source code that anyone can audit, anytime.

Execution

Designed for the optimal user experience

Price-time priority is enforced on Phoenix orderbooks.

Orders closest to mid price get filled first. For orders of the same price, the one placed first gets filled first.
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Security

Audited and verified

VERIFIED SOURCE CODE

Ensure that Phoenix's source code matches what's deployed on-chain.

See for yourself

Bug Bounty Program

Learn more

Audited by Ottersec

Read the report
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Start trading on Phoenix today