ImperialPerps Merges Armada into Main Platform, Closes Phoenix

ImperialPerps, a project focused on perpetual futures trading on the Solana blockchain, has announced the integration of its Armada perpetuals engine into its main platform, while discontinuing the separate Phoenix platform. This consolidation aims to create a single, more efficient decentralized exchange, which is expected to enhance order book depth and reduce trading spreads.

The announcement was made on October 20, 2026, highlighting Armada's recent success with a notable increase in trading volume, which reached $23.16 million in the week of October 13, marking a 52% rise from the previous week. The merger is anticipated to attract more traders, particularly due to Armada's significantly lower taker fee of 1 basis point, compared to Phoenix's previous fee of 3.5 basis points, thus reducing trading costs substantially for active users.

ImperialPerps recently secured $1.5 million in a seed funding round led by Foundation Capital, which is expected to support the transition to the unified platform. The new exchange will offer up to 250x leverage and over 200 trading markets, with claims of order books being seven times deeper than those of existing Solana venues. The success of this merger will depend on whether the trading volume can maintain its growth and whether the promised improvements in market depth and fee structure are realized once the platform is fully operational.

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Source: KLEA News