ChainCatcher reported that according to Blockworks, Ellipsis Labs, the developer of the DeFi protocol Phoenix on Solana, announced the launch of the Atlas testnet optimized for DeFi.

It is reported that Atlas uses the Solana virtual machine as the execution layer and uses the Ethereum mainnet for settlement, which is compatible with the existing Solana program. Ellipsis Labs said that Phoenix will build a new version on Atlas in the future.