PhoenixNone
No points programme
Open interest
$23.66M
24h volume
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TVL
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Annual revenueVolume annualised at a 2.15bps blended take rate.
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Points outstanding
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Running
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Not tracked — enter an estimate
$
Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $14.67M–$57.83M.Regression on Open interest · ecosystem, n=11, refit daily on listing-day and live FDVs. Range $5.97M–$123.61M.
%
Not published — pick an estimate
Value per point
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Add total points and an airdrop % to price a point.
Your holding
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Enter your points to see what they're worth.
Sensitivity · $/point
Not enough data to model
Needs points outstanding, an expected airdrop percentage and at least one valuation factor.
Rows are launch FDV (log-spaced around the FDV set in the calculator); columns are the share of supply going to the airdrop. Cells are the resulting value of one point, after any haircuts set under Advanced.
Fair-value breakdown
Annualised revenue—
No data for this venue · weight redistributed
Annualised volume—
No data for this venue · weight redistributed
Open interest$28.22M
$23.66M × 1.2×20%
TVL—
No data for this venue · weight redistributed
Blended fair value$28.22M
p25–p75 band$14.67M – $57.83M
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
OTC price history
No OTC quotes for this programmeQuotes parsed from Telegram OTC desks, deduplicated and outlier-filtered.
GET /api/points/otcDaily medians of anonymous desk quotes. Treat as sentiment, not a price — a desk that wants to move the printed mid only has to post into the channel.
Emissions & dilution
No emission historyWeekly points issued, so you can see how fast your share is being diluted.
GET /api/points/emissionsEvery point issued after you earn yours dilutes your share of the same pool. A programme emitting steadily is worth less per point tomorrow than today, all else equal.
What we know0 facts
Ellipsis Labs' Solana CLOB. Official docs: 'Phoenix does not offer points programs or token airdrops.' Status is none, not unannounced — they have said so explicitly. Flight Club (2026-07-27 to 2026-08-23) paid $420k USDC over 28 days with no points accumulation. Permanent incentive is a two-tier USDC referral fee-share. Fees 3.5/0.5bps from official matching-engine docs. No native token.
Statusnone
Facts last verifiednot recorded
TGE expected—
Airdrop share of supply—confirmedConfirmed by the team or on-chain
Points outstanding—confirmedConfirmed by the team or on-chain
Emission per week
Conversion ratios are set by each team at distribution time and no programme is obliged to ship a token. Never trade solely to farm an airdrop.