Phoenix raised $20M in a Series A funding round

April 4, 2024

Solana\’s fastest limit order book DEX Phoenix raised $20M in a Series A funding round led by Paradigm, with participation from Electric Capital.

Phoenix introduces itself as the fastest on-chain orderbook in the DeFi space, promising unprecedented speed, efficiency, and transparency for limit orders. Positioned as the future of DeFi, Phoenix boasts ultra-low protocol and network fees, with an impressive average block time of 0.5 seconds, exclusively on Solana. It’s designed to enhance the trading experience with instant trade confirmations and settlements, ensuring traders maintain full control over their assets in a trustless, non-custodial environment.

You can find all funding rounds, links, and details on the project page Phoenix