Phoenix is a high-speed, fully on-chain order book DEX on Solana, offering 0.5s block times, instant settlements, and ultra-low fees. Built by Ellipsis Labs, it’s designed for deep liquidity and pro traders, ensuring full transparency with all market events recorded on-chain.
On August 17, 2023, Ellipsis Labs raised $3.3M in a Seed funding round led by Electric Capital. The fundraising has enabled Ellipsis Labs to accelerate the development of innovative DeFi protocols such as Phoenix.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| N/A | 1.65x | 41 | ||
| High | 5.33x | 19 | ||
| N/A | 3.32x | 17 |