Ellipsis Labs has launched the private testnet for Atlas, a blockchain designed to meet the performance needs of financial institutions while maintaining the transparency and security of DeFi. Atlas is optimized for financial applications that require low transaction costs, high availability, fast pre-confirmations, and frequent oracle updates. The platform aims to attract use cases like spot and programmable orderbooks, margin trading, orderbook-based lending, and efficient credit markets. Atlas takes the Solana Virtual Machine as an execution layer but settles on the Ethereum mainnet. The team plans to release a public testnet by the end of 2024 and a full mainnet launch by mid-2025.



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