ImperialPerps folds Armada into its main platform and shuts down Phoenix
Photo: Crypto Briefing
The Solana perpetuals project is consolidating into a single exchange, betting that one deep venue beats two shallow ones ImperialPerps is merging its Armada perpetuals engine into the main Imperial platform and ending Phoenix. The goal is one perpetual futures exchange on Solana instead of several. The announcement came on October 20, 2026. Armada, Imperial’s proprietary automated market maker for perpetuals, now becomes part of the core Imperial product. Phoenix, which ran as a separate platform, is being terminated. Imperial’s stated aim is a single, cohesive decentralized exchange. Combining venues should, in theory, produce deeper order books and tighter spreads.
Source: Crypto Briefing
