Phoenix Trade Adds AMD, Intel, Microsoft, Meta, Amazon, SanDisk, and CoreWeave Perpetuals on Solana

Phoenix expanded its on-chain equity perpetuals catalog on June 23 with seven new stock pairs, pushing its total listings from three to ten in five days.

The new pairs, announced via @PhoenixTrade on June 23 at 21:49 UTC, are AMDx (AMD) at 10x leverage, INTCx (INTC) at 10x, SanDisk (SNDK) at 15x, CoreWeave (CRWV) at 10x, MSFTx (MSFT) at 20x, METAx (META) at 20x, and AMZNx (AMZN) at 20x.

Phoenix Trade's Equity Perp Catalog: From 3 Pairs to 10 in Five Days

Phoenix Trade listed its first equity perpetuals on June 18 with GOOGLx (GOOGL), TSLAx (TSLA), and MUon (MU), offering up to 20x leverage through its fully on-chain central limit order book. The launch drew immediate trader interest: the platform's equity perp open interest hit an all-time high of $8.8 million by June 19.

The second wave adds six mega-cap tech names alongside SanDisk and CoreWeave, covering the broad range of semiconductor, AI infrastructure, and consumer internet equities that traders have been seeking on-chain. Among the new listings, MSFT, META, and AMZN carry the highest leverage ceiling at 20x; SNDK gets 15x; AMD, INTC, and CRWV are each capped at 10x.

Crankless On-Chain Order Book: How Phoenix Perpetuals Execute on Solana

Ellipsis Labs built Phoenix on Solana's fully on-chain central limit order book infrastructure. Phoenix publishes every order, fill, and cancellation directly to Solana's ledger, with trade confirmations averaging around 0.5 seconds. The "crankless" design eliminates the reliance on external keepers to process order books, reducing latency and execution costs.

Equity perpetuals on Phoenix track real-time stock prices via oracle feeds, allowing traders to take leveraged long or short positions on US equities around the clock without holding the underlying share or a regulated brokerage account. The platform charges a 0.035% taker fee.

Big-Tech Equity Perps on Solana: Where This Fits in the $10B Tokenized Stock Surge

The Phoenix expansion fits within a broader acceleration of tokenized equity activity on Solana. Solana-based tokenized stock trading crossed $10 billion in cumulative volume earlier this month, with infrastructure across spot tokenized shares, perpetuals, and leveraged ETF products proliferating rapidly.

The June 23 addition is notable for the caliber of names included. Microsoft, Meta, and Amazon are among the most widely held equities globally, and their presence on an on-chain perp venue is a qualitatively different offering from the early roster of more speculative tech names. CoreWeave (CRWV), the AI cloud infrastructure company that went public in 2025, is the one early-stage addition, and its inclusion alongside SanDisk reflects demand for leveraged exposure to names beyond traditional big-tech.

All seven new pairs are live at phoenix.trade as of June 23.