Solflare has natively embedded PhoenixTrade Perps into its wallet app, giving users direct access to 65-plus leveraged markets without opening a separate browser or app. The integration, now live and marked as a new feature on Solflare's product page, puts perpetual futures trading alongside staking and swaps in a single self-custody interface.
Collateral is USDC only. Per Solflare, it never leaves the wallet โ "no bridging required." Users hold their funds throughout the trade lifecycle, a distinction from platforms that require depositing into an exchange-controlled account.
SOL, BTC, ETH and 65-Plus Markets at Up to 25x Leverage
The integration surfaces Solana (SOL), Bitcoin (cbBTC), Ethereum (WETH) and a broad range of other assets across more than 65 markets, with leverage available up to 25x per Phoenix's live trading interface. The market list, visible on phoenix.trade, includes major cryptocurrencies, Solana ecosystem tokens, and equity-style perps, giving Solflare users access to the full PhoenixTrade catalog from inside the app.
PhoenixTrade's Track Record: $75B on the Spot Book, $1B+ on Perps
PhoenixTrade is the perpetuals product of Ellipsis Labs, the team behind the Phoenix spot exchange that processed over $75 billion in cumulative volume on its on-chain central limit order book. Perpetuals launched in private beta in December 2025, with Ellipsis Labs describing the product as built for "fast, precise" execution native to Solana.
The exchange crossed $1 billion in unincentivized perpetuals volume in late July 2026, before its first incentive program went live. In the seven days to August 24, the PhoenixTrade Perps program logged 99 million on-chain transactions on Solana, per Solana Compass program data.
How This Differs from PhoenixTrade's June 2026 Mobile Browser Launch
In June 2026, PhoenixTrade added mobile browser trading with wallet-connect support, letting Phantom and Solflare users access the PhoenixTrade web app from a mobile browser without a native app. That update made the exchange reachable on mobile. Users still navigated to and traded within PhoenixTrade's own interface.
The Solflare integration goes a step further: the trading experience is embedded inside Solflare's app, so the entire interaction (from collateral to position management) happens within the wallet. PhoenixTrade's on-chain order book and settlement remain unchanged; Solflare's app is now a native front end.
