Ellipsis Labs, the team behind Solana-based decentralized exchange Phoenix, is preparing to launch a new blockchain called Atlas with a $20 million investment from Haun Ventures. Atlas will be a layer-2 solution designed for “verifiable finance.”

- Atlas will connect to Ethereum and Solana liquidity pools.

- It will offer ultra-low transaction fees and high transaction volume.

- Phoenix reached $50 billion in transaction volume in 2023.

What do you think of this new step from Ellipsis Labs? Let us know in the comments! 🚀💬