CandleFocus Ellipsis Labs raises $21m round led by Haun Ventures
2024-10-31
Author: Content Editor
Ellipsis Labs, the developer of the Solana decentralized exchange platform Phoenix, has raised $21 million in funding led by Haun Ventures. The funding will be used to accelerate the development of Atlas, a verifiable finance blockchain. Atlas is designed for financial applications that require reliable transaction delivery, cost-effective transactions, speed, and dependable oracle updates. Ellipsis Labs plans to establish Atlas as the foundation for on-chain financial applications targeting mainstream adoption. The project's previous investors, Electric Capital and Paradigm, also participated in the funding round.
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