# Phoenix DeFi Hub

> Track Phoenix DeFi Hub with daily standardized on-chain data. Compare Phoenix DeFi Hub with other exchanges (DEX). See charts and datasets in one place.

Source: [Phoenix DeFi Hub on Token Terminal](https://tokenterminal.com/explorer/projects/phoenixhub). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Exchanges (DEX)
- Chains: stellar

## About

### What it is

The protocol provides token swapping, liquidity pools for asset pairs, and yield farming opportunities. It enables users to trade Stellar assets, provide liquidity to earn fees, and participate in DeFi activities leveraging Stellar's fast transaction speeds and low fees.

### Who uses it

Phoenix DeFi Hub is a decentralized finance protocol built on the Stellar blockchain, operating as an automated market maker (AMM) and decentralized exchange serving the Stellar ecosystem.

### How it works

Built as an AMM on Stellar, Phoenix uses liquidity pools where users deposit asset pairs to facilitate decentralized trading. The protocol automatically determines exchange rates based on pool ratios, and liquidity providers earn trading fees proportional to their share of the pool.

## Metrics

Token Terminal tracks these metrics for Phoenix DeFi Hub daily. Each page has a chart with the full history.

- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/phoenixhub/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/phoenixhub/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/phoenixhub/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/phoenixhub/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/phoenixhub/metrics/gas-used)

## Links

- [website](https://www.phoenix-hub.io/)
- [twitter](https://x.com/PhoenixDefiHub)