Ellipsis Labs Raises $20M from Haun Ventures to Launch 'Verifiable Finance Blockchain' Atlas
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Funding for New Blockchain: Ellipsis Labs has raised $20 million from Haun Ventures to launch Atlas, a layer-2 blockchain aimed at enhancing verifiable finance and addressing inefficiencies in decentralized finance (DeFi).
Background and Features: The team behind Ellipsis Labs previously developed the Phoenix decentralized exchange on Solana, and Atlas will feature low transaction fees, high throughput, and integration with Ethereum and Solana liquidity pools.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
