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.
Expert Says This Time Will Not Be Different After Massive Bitcoin Rallies in Last Three US Elections