$PEONIS
The meme coin born from the perp wars
The Story
Hyperliquid is coming for the throne. They're looking to flip Solana and become the go-to chain for perpetual trading. The Solana Foundation saw this threat coming.
The Response
To fight back, the Solana Foundation launched Phoenix Perpetuals— their answer to Hyperliquid's growing dominance. A move to keep the perp traders on Solana.