Phenacodus (Greek: "deception" (phenax), "tooth' (odus)) is an extinct genus of mammals from the late Paleocene through middle Eocene, about 55 million years ago. It is one of the earliest and most primitive of the , typifying the family Phenacodontidae and the order Perissodactyla.
In habits, the animal was cursorial and herbivorous, or possibly carnivorous. In the early Paleocene of North America, the place of the above species was taken by Tetraclaenodon puercensis, an animal only half the size of P. primaevus, with the terminal joints of the limbs intermediate between hoofs and claws, and the first and fifth toes taking their full share in the support of the weight of the body. These two genera may be regarded as forming the earliest stages in the evolution of the horse, coming below Hyracotherium (see Equidae). As ancestors of the artiodactyl section of the Ungulata, we may look to forms more or less closely related to the North American Lower Eocene genus Mioclaenus, typifying the family Mioclaenidae. The species of Mioclaenus were five-toed, bunodont Condylarthra, with a decided approximation to the perissodactyl type in the structure of the feet. A second type of Condylarthra from the North American Lower Eocene is represented by the family Meniscotheriidae, including the genus Meniscotherium.
A 2014 cladistic analysis places both Phenacodus and Meniscotherium within stem perissodactyls.
Teeth and jaws probably referable to the Condylarthra have been obtained in European early Tertiary formations. All Ungulata probably originated from Condylarthra.
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