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Phoenix is a high-speed, fully on-chain order book DEX on Solana, providing instant settlements, low fees, and deep liquidity. Built by Ellipsis Labs, it’s designed for professional traders and ensures full transparency, with all market events recorded directly on-chain.
On April 4, 2024, Ellipsis Labs raised $20M in a Series A funding round led by Paradigm with participation from Electric Capital. Ellipsis Labs will be using the new funding to accelerate the progress of DeFi, up and down the stack, such as Phoenix.