Beta, early analysis. Metrics come from the public sources linked on each page. Scores, pairings and opportunity sizing are Ecosystem IQ analysis and can be wrong. Nothing here is investment advice, and nobody listed has been contacted.

Derivatives

Phoenix

  • Revenue, 30 days $140
  • Fees, 30 days $257K
  • Daily vs month ago +97.2%
  • Revenue, 1 year $170K

Sources: DefiLlama fees and revenue

Scores

Investment target 51 Toss-up C and Foundation support 47 Toss-up D

Score inputs, each 0 to 100
InputValueWeightWhat it measures
Revenue strength1735%Percentile of 30-day revenue among Solana projects (log scale)
Momentum9825%1-month change in revenue (fees if no revenue), -50% maps to 0, +100% to 100
Value to Solana5320%Percentile of 30-day fees paid by users, a proxy for transactions and priority fees the project drives
Developer velocityn/a10%Percentile of 30-day commits across linked public repos
Reachn/a10%Percentile of X followers among tracked accounts
Public infrastructure020%100 when the project is core client, tooling, oracle, bridge or staking infrastructure (Foundation score only)

Analysis Scores are computed by Ecosystem IQ from the inputs above. They rank projects against each other and are not investment advice.

Revenue by product

DefiLlama listings grouped under this project
ProductCategoryRevenue, 30 daysFees, 30 days
Phoenix PerpDerivativesn/a$257K
Phoenix SpotDexs$140$140

Key people

No named people found in the sources scanned so far.

Suggested partners

Axiom

75 Likely match B

Trading terminals add perps without building a matching engine. Axiom earned $11.8M in revenue over 30 days; Phoenix earned $140 in revenue over 30 days.

Phantom

71 Likely match B-

In-wallet perps put a venue in front of millions of wallets. Phantom earned $4.6M in revenue over 30 days; Phoenix earned $140 in revenue over 30 days.

Photon

70 Likely match B-

Trading terminals add perps without building a matching engine. Photon earned $274K in revenue over 30 days; Phoenix earned $140 in revenue over 30 days.