Solflare has natively embedded PhoenixTrade Perps, Ellipsis Labs’ Solana-based perpetuals product, giving users direct access to more than 65 leveraged markets without opening a separate browser or application. The self-custody interface places perpetual futures alongside staking and swaps, and Solflare says collateral remains in the wallet without bridging or exchange-controlled deposits. Phoenix added seven equity perpetual markets on Aug. 25 for CrowdStrike, Moderna, Eli Lilly, Cloudflare, Netflix, Marvell Technology and Iris Energy, expanding its equity-perpetual catalog from 22 to approximately 29 markets. Each offers leverage of up to 10x and tracks stock prices without conveying ownership of the underlying shares. Phoenix’s perpetuals use crypto collateral, real-time oracle feeds, periodic funding adjustments and an on-chain central limit order book, with fees of approximately 0.035%. Phoenix’s live interface offers leverage of up to 25x across some markets, including SOL, BTC, ETH, Solana ecosystem tokens and equity-style contracts. The platform crossed $1 billion in unincentivized perpetuals volume in late July 2026, while Solana Compass data recorded 99 million program transactions in the seven days to Aug. 24.