DeFi Developing
Phoenix shutdown announced, according to Imperial
According to Imperial, Armada will be merged into Imperial's own perp exchange and Phoenix is to be shut down. The 20 October post gives no date.
SOLANA·HUB Editorial
On 20 October, Imperial announced on X that it is merging Armada into its own perp exchange and shutting Phoenix down. The post describes the result as one brand and one perp exchange.
The post gives no date for the end of Phoenix.
That evening, Phoenix wrote on X that the SPCX market is tradable on Phoenix. On 21 October, Phoenix’s profile carried the status “Live in beta”. Imperial’s profile that day promoted access in a closed beta.
How Solflare placed perps inside the wallet through Phoenix is in the report of 24 August.
What to watch
- Whether Imperial publishes a date for the end of Phoenix
- What happens to the Phoenix integration in Solflare
Sources
- Imperial — Post, 20 October 2026, 5:14 p.m. Berlin. Profile read 21 October 2026
- Phoenix — SPCX post, 20 October 2026, 10:20 p.m. Berlin. Profile read 21 October 2026
- SOLANA·HUB — Solflare perps via Phoenix, 24 August 2026
#imperial
#phoenix
#armada
#perps
#kurzmeldung