Wiki › Phoenix vs Decibel
Phoenix vs Decibel: which perp DEX is better?
A side-by-side comparison of Phoenix and Decibel on fees, leverage, volume, chain and token.
| Phoenix | Decibel |
|---|
| 24h volume | $45M | $25M |
| Maker fee | n/a | n/a |
| Taker fee | n/a | n/a |
| Max leverage | 25x | 40x |
| Model | Orderbook | Orderbook |
| Chain | Solana | Aptos |
| Token | No token | No token |
| Assets | Crypto, Commodities, Stocks | Crypto |
Phoenix vs Decibel: which should you choose?
If your priority is cost, Phoenix wins on taker fees (n/a). For maximum leverage, Decibel goes up to 40x. For depth and liquidity, Phoenix trades the most volume of the two. Both are pre-token, so either could reward early activity with a future airdrop.
Phoenix runs a orderbook on Solana, while Decibel runs a orderbook on Aptos. Read the full profiles: Phoenix and Decibel.
FAQ
- Is Phoenix or Decibel cheaper?
- Phoenix has the lower taker fee (n/a vs n/a). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, Phoenix or Decibel?
- Decibel offers more, up to 40x, versus 25x. Higher leverage means higher liquidation risk.
- Which is bigger, Phoenix or Decibel?
- Phoenix has more listed 24h volume ($45M), which usually means deeper liquidity and less slippage.
More comparisons
Not financial advice. Volume figures are compiled from each venue's public data on our
live rankings and may lag; fees, leverage and token status are curated and can change. Always verify on the exchange before trading. Perpetual futures are high risk and leverage can liquidate your position.