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Solflare Adds Native PhoenixTrade Perps, Giving Users 65+ Leveraged Markets Inside the Wallet

Solana ๐Ÿงญ Compass By Solana ๐Ÿงญ Compass

Solflare has natively integrated PhoenixTrade Perps, giving users access to 65-plus leveraged markets with USDC collateral staying in self-custody throughout.

Solflare Adds Native PhoenixTrade Perps, Giving Users 65+ Leveraged Markets Inside the Wallet
A leather wallet bearing a sun-star emblem holds PhoenixTrade and crypto cards beside a steampunk brass portal, with Solana and USDC tokens streaming through it and old-world navigation instruments on an antique map.

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.

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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.

Leveraged markets
65+
Max leverage
25x
Collateral
USDC
Custody
Self-custody throughout

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.

Solana ๐Ÿงญ Compass
Solana ๐Ÿงญ Compass
@SolanaCompass

Solana Compass is an independent Solana analytics and staking platform, operating a validator on Solana mainnet since September 2021. Its network statistics and...


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