Ellipsis Labs develops a fully on-chain limit orderbook decentralized exchange, Phoenix, on the Solana blockchain, which enhances capital efficiency and verifiability in trading. Their Atlas Layer 2 blockchain enables high-performance decentralized finance applications, addressing the need for transparency and security in financial transactions.
Funding
$47.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing decentralized exchanges (DEXs) often lack the capital efficiency and transparency of traditional finance, while also struggling to achieve the performance necessary for sophisticated DeFi applications. The need for verifiable and high-performance infrastructure limits the potential for broader adoption of decentralized finance.
Solution
Ellipsis Labs develops Phoenix, a fully on-chain limit orderbook DEX on Solana, combining the capital efficiency of traditional order books with the verifiability of DeFi. To further enhance performance, they built Atlas, a Layer 2 blockchain designed for verifiable finance, enabling high-throughput DeFi applications with Solana-like speed at Ethereum scale. Ellipsis Labs contributes to open-source DeFi research and provides tools like the Verifiable Build CLI to ensure the integrity of on-chain deployments.
Target Audience
The primary audience includes DeFi traders, developers, and institutions seeking a transparent, efficient, and high-performance platform for decentralized financial applications.
Features
- Phoenix: A fully on-chain limit orderbook DEX on Solana.
- Atlas: A Layer 2 blockchain for verifiable finance, optimized for high-performance DeFi.
- Verifiable Build CLI: A tool for verifying that public source code matches on-chain deployments.
- Focus on capital efficiency and transparency in decentralized trading.
- Open-source contributions to DeFi research through Umbra Research.