Ellipsis labs x Paradigm 👀
Paradigm leads $ 20 million 💰 Series A round for DEX developer Ellipsis Labs
Ellipsis Labs develops the Solana on-chain order DEX Phoenix, the 8th largest Solana DEX in terms of TVL.
Ellipsis Labs develops Phoenix, a Solana on-chain order book decentralized exchange.
"Ellipsis Labs set out 1.5 years ago to build better on-chain liquidity primitives," the firm said on the social media platform X, adding that Phoenix pairs "the efficiency of order books with the accessibility and transparency of DeFi."
The firm previously raised $ 3.3 million in seed funding led by Electric Capital in August 2023.
more information👇
ellipsislabs.xyz
