Solana ecosystem DEX Phoenix developer Ellipsis Labs has completed a $20 million Series A funding round, led by Paradigm

2024-04-04 19:13:21

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ChainCatcher news, according to Fortune, Ellipsis Labs announced the completion of a $20 million Series A funding round, led by Paradigm and with participation from Electric Capital. The company's first product is a decentralized exchange called Phoenix, which launched in February 2023, and its public user interface was released last August.

In a statement, the company said that the funds will accelerate its efforts to "create a new financial ecosystem that offers competitive financial products on high-throughput blockchains," while combining the accessibility and transparency of DeFi with the efficiency of traditional markets.

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Mention the project

Ellipsis Automated Market Maker