Phoenix Trade Launches Rise SDK for Phoenix Perpetuals on Solana

The new developer toolkit supports TypeScript and Rust, enabling builders to create trading bots, integrate perpetual futures (crypto derivatives with no expiry), and access live market data on Solana.

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Summary

Phoenix Trade said it has introduced Rise, a new software development kit for Phoenix Perpetuals on Solana. The toolkit is available in TypeScript and Rust and is designed to help developers build trading bots, connect perpetual futures (crypto derivatives with no expiry) into applications, and use live market data. The release expands developer tooling around on-chain derivatives and may make it easier for applications to connect to Solana-based perpetual trading infrastructure.

Terms & Concepts
  • Software development kit (SDK): A set of tools and code libraries that helps developers build applications and integrate with a platform more quickly.
  • Perpetual futures: A crypto derivatives product with no expiration date, commonly used for leveraged trading and hedging.
  • Solana: A blockchain network designed for high-speed, low-cost applications, widely used for trading and other on-chain services.