🚀 Big news in the crypto world! Ellipsis Labs, the brains behind the Solana-based decentralized exchange Phoenix, has just raised $20 million from Haun Ventures to launch Atlas, a new layer-2 blockchain focused on "verifiable finance."

- **Background**: Founded in 2022 by Eugene Chen and Jarry Xiao, Ellipsis Labs aims to tackle DeFi challenges like inefficient price discovery and high transaction costs.

- **Phoenix Success**: Their Solana-based exchange, Phoenix, has already facilitated over $50 billion in trades since its 2023 launch.

- **Atlas Vision**: Atlas will feature ultra-low fees and high transaction throughput, initially launching on Ethereum but connecting to both Ethereum and Solana liquidity pools.

What do you think about this new development? Share your thoughts in the comments! 💬