Imperial is merging its Armada protocol into the main platform and sunsetting Phoenix, consolidating into a single Solana perpetual futures DEX under one brand. The announcement frames Armada as having validated the model, with the combined terminal now positioned as the destination for Solana trading. Cited trader-facing features include deep order books, tight spreads, more markets, 1bp fees, points, and upcoming gacha rewards. Access requires a code from community members on X or joining the project's Discord. The post also thanks several individual community contributors.

AI summary of the linked source — not editorial content.

Story signal · via Elfa

as of

Market since publication

SOL reaction
i
Price change from this article’s publication to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−1.2% 24h after publication

$108.13 → $106.82
BTC −0.7% same window

TradersTrader calls tracked by Elfa · not advice

Positioning · SOL

Open1,695 open positions · 1,588 long · 107 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 21 Oct 23:13 UTC.

Whole crypto market, not this story

Crowding69th percentile · vs last 28 days, 50 typical
Pulse 24h93/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.4% long · 11,058 accounts

As of 21 Oct 23:50 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGeckoas of

Explore the topic

Loading related coverage…

Explore the full feed

Comments

Loading comments…