Ondo vs Phoenix: which perp DEX is better?
A side-by-side comparison of Ondo and Phoenix on fees, leverage, volume, chain and token.
| Ondo | Phoenix |
|---|
| 24h volume | $173M | $45M |
| Maker fee | n/a | n/a |
| Taker fee | n/a | n/a |
| Max leverage | 20x | 25x |
| Model | Orderbook | Orderbook |
| Chain | Ondo Chain | Solana |
| Token | $ONDO | No token |
| Assets | Stocks, Commodities | Crypto, Commodities, Stocks |
Ondo vs Phoenix: which should you choose?
If your priority is cost, Ondo wins on taker fees (n/a). For maximum leverage, Phoenix goes up to 25x. For depth and liquidity, Ondo trades the most volume of the two.
Ondo runs a orderbook on Ondo Chain, while Phoenix runs a orderbook on Solana. Read the full profiles: Ondo and Phoenix.
FAQ
- Is Ondo or Phoenix cheaper?
- Ondo 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, Ondo or Phoenix?
- Phoenix offers more, up to 25x, versus 20x. Higher leverage means higher liquidation risk.
- Which is bigger, Ondo or Phoenix?
- Ondo has more listed 24h volume ($173M), 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.