Phemex is rolling out a major upgrade to its decentralized trading offering with the launch of the new Onchain Portal, a platform that merges the previous MemeX and Pilot modules into a single entry point for all on-chain asset trading.
The new portal expands support for both spot and derivatives trading across multiple blockchains. It currently supports the networks Solana, Base, and BNB Smart Chain (BSC). Phemex now allows users to trade digital assets without the need for a decentralized wallet, allowing seamless trading directly from the exchange’s account, using USDT directly from its spot wallet.
Key enhancements include:
- A fully redesigned Onchain Portal at phemex.com/onchain for unified access
- Spot trading interface for on-chain assets → phemex.com/onchain/trade
- Derivatives page for leveraged meme coin products → phemex.com/onchain/derivatives
The new platform allows users to interact with thousands of assets directly in the blockchain. When compared to off-chain trading, where transactions are executed on the exchange’s internal ledger, on-chain trading gives users greater access, transparency, and asset flexibility.
Furthermore, Phemex is leading the charge by being the first major exchange to offer dedicated leveraged trading for meme coins through its Onchain Derivatives module. This gives users exposure to low-cap altcoins capable of rapid market movements, with the added benefit of flexible positioning and strategic hedging.
In order to help users stay on top of fast-moving markets, Phemex is rolling out a set of new features within the Onchain Portal:
- AI-picked trending tokens, ranked by real-time momentum
- A live transaction feed to monitor active trades across chains
- Token security checks for identifying potential risks early
- One-click tools to share token performance and portfolio stats
These updates make it easier to discover new opportunities, track live token movement, and trade more confidently.
Finally, Phemex Onchain trading comes with a flat 1% service fee per transaction, calculated on the full trading value before fees and deducted in USDT.
Given the nature of on-chain trading, network fees are dynamic and adjust based on blockchain congestion. There are no added fees for wallet connections, bridging, or transactions beyond what’s stated. All pricing is transparent, and trades execute directly using USDT from the user’s Phemex account.
