Breaking News
Ellipsis Labs Raises $20M Series A from Paradigm
Ellipsis Labs is building a world where mainstream finance happens on-chain.
Ellipsis Labs is excited to announce a $20M Series A fundraise, led by Paradigm. Other participating investors include Electric Capital and over 30 industry leaders across the crypto ecosystem.
Ellipsis Labs started with Phoenix, a fully on-chain orderbook DEX on Solana. Phoenix has become a top 5 DEX by spot volume across all chains, without relying on liquidity incentives or unprofitable passive liquidity.
The next step for DeFi must bring the advantages of a decentralized system — accessibility, transparency, and auditability — to the liquidity and efficiency that only exists in traditional finance today. Phoenix is only the first step on the long-term path to a better financial system.
Ellipsis Labs will be using the new funding to accelerate the progress of DeFi, up and down the stack.
Companies In This Post
- Circle Announces Acquisition of Hashnote and USYC Tokenized Money Market Fund Alongside Strategic Partnership With Global Trading Firm DRW Read more
- QOMODO Welcomes RTP Global and LMDV Capital as New Investors and Raises €13.5M Series A to Revolutionize Payments for Physical Merchants Read more
- XPP and Oxivo Group Form Strategic Alliance to Transform Public Transport Payment Solutions Read more
- Series B Supercharges LeapXpert Growth Across Global Enterprises Read more
- Sky Links Capital Secures Prestigious Securities and Commodities Authority (SCA) UAE License Read more